SG Americas Securities LLC Invests $820,000 in Home BancShares, Inc. (NYSE:HOMB)

SG Americas Securities LLC bought a new stake in Home BancShares, Inc. (NYSE:HOMB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,018 shares of the financial services provider's stock, valued at approximately $820,000.

Several other institutional investors and hedge funds have also made changes to their positions in HOMB. Van ECK Associates Corp grew its stake in shares of Home BancShares by 33.1% during the fourth quarter. Van ECK Associates Corp now owns 135,866 shares of the financial services provider's stock valued at $3,845,000 after acquiring an additional 33,773 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Home BancShares in the fourth quarter valued at $127,000. Atria Wealth Solutions Inc. acquired a new position in Home BancShares during the 4th quarter valued at about $619,000. Handelsbanken Fonder AB grew its holdings in Home BancShares by 31.7% in the 4th quarter. Handelsbanken Fonder AB now owns 51,555 shares of the financial services provider's stock worth $1,459,000 after buying an additional 12,400 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. grew its stake in shares of Home BancShares by 22.2% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 40,486 shares of the financial services provider's stock worth $1,146,000 after purchasing an additional 7,357 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Jennifer C. Floyd sold 2,500 shares of Home BancShares stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the completion of the sale, the chief accounting officer now owns 4,301 shares in the company, valued at $118,062.45. This trade represents a 36.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kevin Hester sold 7,128 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $28.67, for a total transaction of $204,359.76. Following the transaction, the insider now directly owns 124,912 shares in the company, valued at $3,581,227.04. This trade represents a 5.40% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.30% of the company's stock.

Home BancShares Stock Up 0.4%

Shares of NYSE HOMB opened at $27.54 on Friday. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 13.11 and a beta of 0.80. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. Home BancShares, Inc. has a 12 month low of $22.90 and a 12 month high of $32.91. The business has a 50-day moving average of $27.98 and a 200-day moving average of $28.64.

Home BancShares (NYSE:HOMB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. The firm had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. Home BancShares had a return on equity of 10.49% and a net margin of 28.44%. Sell-side analysts expect that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.20 per share. This is a boost from Home BancShares's previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Wednesday, May 14th. Home BancShares's dividend payout ratio is currently 38.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HOMB shares. Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Royal Bank Of Canada lowered their target price on Home BancShares from $33.00 to $31.00 and set a "sector perform" rating for the company in a research note on Monday, April 21st. Finally, Stephens reissued an "overweight" rating and set a $33.00 price target on shares of Home BancShares in a research note on Monday, April 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Home BancShares currently has an average rating of "Moderate Buy" and a consensus target price of $32.40.

Home BancShares Company 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.

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