Ontario Teachers Pension Plan Board Boosts Stock Holdings in Home BancShares, Inc. (NYSE:HOMB)

Key Points

• The Ontario Teachers Pension Plan Board increased its stake in Home BancShares, Inc. by 265.9% in the first quarter, now owning a total of 26,759 shares valued at approximately $756,000.
• Home BancShares reported earnings of $0.58 EPS for the last quarter, meeting analysts' expectations, and observed a 6.5% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.20 per share, scheduled for payment on September 3rd, with a yield of 2.9%.

Ontario Teachers Pension Plan Board boosted its holdings in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 265.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,759 shares of the financial services provider's stock after acquiring an additional 19,446 shares during the period. Ontario Teachers Pension Plan Board's holdings in Home BancShares were worth $756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Michigan Retirement System boosted its holdings in shares of Home BancShares by 0.9% in the 1st quarter. State of Michigan Retirement System now owns 44,230 shares of the financial services provider's stock valued at $1,250,000 after buying an additional 400 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Home BancShares by 1.8% in the 1st quarter. Xponance Inc. now owns 26,770 shares of the financial services provider's stock valued at $757,000 after buying an additional 476 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Home BancShares by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the financial services provider's stock valued at $1,464,000 after buying an additional 500 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Home BancShares by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 21,657 shares of the financial services provider's stock valued at $612,000 after buying an additional 575 shares in the last quarter. Finally, Kwmg LLC boosted its holdings in shares of Home BancShares by 0.3% in the 1st quarter. Kwmg LLC now owns 242,066 shares of the financial services provider's stock valued at $6,843,000 after buying an additional 627 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

Insider Transactions at Home BancShares

In other Home BancShares news, CEO John Stephen Tipton sold 24,159 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $27.52, for a total transaction of $664,855.68. Following the completion of the transaction, the chief executive officer directly owned 53,308 shares of the company's stock, valued at approximately $1,467,036.16. This trade represents a 31.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 6.30% of the company's stock.

Home BancShares Stock Performance

Shares of Home BancShares stock traded up $0.21 during midday trading on Wednesday, hitting $28.63. The company had a trading volume of 245,157 shares, compared to its average volume of 1,020,312. Home BancShares, Inc. has a 12-month low of $24.22 and a 12-month high of $32.90. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 13.10 and a beta of 0.78. The company has a fifty day simple moving average of $28.59 and a 200 day simple moving average of $28.51.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The company had revenue of $271.03 million during the quarter, compared to analyst estimates of $262.56 million. During the same period last year, the firm posted $0.52 EPS. Home BancShares's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts predict that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.8%. Home BancShares's dividend payout ratio (DPR) is currently 36.53%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HOMB shares. Stephens reaffirmed an "overweight" rating and issued a $33.00 price objective on shares of Home BancShares in a research report on Monday, April 21st. Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods increased their price objective on shares of Home BancShares from $30.00 to $32.00 and gave the company a "market perform" rating in a research report on Monday, July 21st. Piper Sandler increased their price objective on shares of Home BancShares from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada decreased their price objective on shares of Home BancShares from $33.00 to $31.00 and set a "sector perform" rating for the company in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Home BancShares has a consensus rating of "Moderate Buy" and a consensus price target of $33.20.

Home BancShares Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.