Jupiter Topco LLC Purchases Shares of 81,548 Home BancShares, Inc. $HOMB

Jupiter Topco LLC acquired a new position in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 81,548 shares of the financial services provider's stock, valued at approximately $2,329,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey grew its stake in Home BancShares by 0.8% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 52,582 shares of the financial services provider's stock worth $1,461,000 after purchasing an additional 410 shares during the period. Quadrant Capital Group LLC grew its position in shares of Home BancShares by 4.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,360 shares of the financial services provider's stock worth $293,000 after buying an additional 425 shares during the period. Villanova Investment Management Co LLC grew its position in shares of Home BancShares by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 114,093 shares of the financial services provider's stock worth $3,170,000 after buying an additional 468 shares during the period. Root Financial Partners LLC increased its stake in shares of Home BancShares by 76.9% in the 1st quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 474 shares in the last quarter. Finally, DRW Securities LLC increased its stake in shares of Home BancShares by 2.8% in the 4th quarter. DRW Securities LLC now owns 19,495 shares of the financial services provider's stock valued at $542,000 after acquiring an additional 524 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Home BancShares Price Performance

Shares of NYSE:HOMB opened at $29.69 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. Home BancShares, Inc. has a twelve month low of $25.50 and a twelve month high of $31.70. The stock's 50 day moving average is $30.08 and its 200-day moving average is $28.22. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 12.27 and a beta of 0.67.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $295.10 million during the quarter, compared to the consensus estimate of $288.70 million. Home BancShares had a net margin of 32.10% and a return on equity of 11.12%. Home BancShares's revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 EPS. Sell-side analysts forecast that Home BancShares, Inc. will post 2.51 EPS for the current fiscal year.

Home BancShares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from Home BancShares's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, August 12th. Home BancShares's payout ratio is 38.02%.

Analysts Set New Price Targets

Several research analysts recently issued reports on HOMB shares. Keefe, Bruyette & Woods increased their target price on shares of Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a research note on Friday, July 17th. Benchmark started coverage on shares of Home BancShares in a research note on Wednesday, June 24th. They issued a "hold" rating for the company. Stephens upped their price objective on shares of Home BancShares from $32.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, July 17th. Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a research report on Sunday, August 16th. Finally, Citigroup reissued a "neutral" rating and set a $32.00 price objective (up from $29.00) on shares of Home BancShares in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Home BancShares has an average rating of "Moderate Buy" and a consensus target price of $32.83.

Insider Activity

In related news, CEO John Stephen Tipton sold 12,000 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $31.59, for a total value of $379,080.00. Following the sale, the chief executive officer owned 76,308 shares in the company, valued at $2,410,569.72. This represents a 13.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.39% of the stock is owned by corporate insiders.

Home BancShares Company Profile

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company's core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.

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