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

SG Americas Securities LLC purchased a new position in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 29,018 shares of the financial services provider's stock, valued at approximately $820,000.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Home BancShares by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider's stock worth $574,263,000 after acquiring an additional 121,845 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Home BancShares by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,791,837 shares of the financial services provider's stock worth $192,211,000 after purchasing an additional 124,891 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Home BancShares by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock worth $61,322,000 after purchasing an additional 120,691 shares during the last quarter. Norges Bank acquired a new position in shares of Home BancShares during the 4th quarter worth about $60,169,000. Finally, Fisher Asset Management LLC raised its holdings in Home BancShares by 18.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock valued at $59,160,000 after acquiring an additional 324,664 shares in the last quarter. Institutional investors own 67.31% of the company's stock.

Analysts Set New Price Targets

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

Home BancShares Price Performance

Shares of HOMB traded up $0.48 during mid-day trading on Monday, reaching $28.11. The company had a trading volume of 1,237,226 shares, compared to its average volume of 1,000,285. Home BancShares, Inc. has a twelve month low of $23.14 and a twelve month high of $32.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90. The company's 50-day moving average is $28.07 and its 200-day moving average is $28.56. The company has a market capitalization of $5.55 billion, a P/E ratio of 13.39 and a beta of 0.80.

Home BancShares (NYSE:HOMB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. Home BancShares had a return on equity of 10.49% and a net margin of 28.44%. The business had revenue of $260.08 million during the quarter, compared to analysts' expectations of $255.20 million. On average, equities analysts anticipate that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, May 14th. This is a positive change from Home BancShares's previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a yield of 2.85%. Home BancShares's dividend payout ratio is 38.10%.

Insider Buying and Selling

In other Home BancShares news, insider Kevin Hester sold 7,128 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total value of $204,359.76. Following the transaction, the insider now directly owns 124,912 shares in the company, valued at approximately $3,581,227.04. This trade represents a 5.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Stephen Tipton sold 24,159 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $27.52, for a total value of $664,855.68. Following the completion of the transaction, the chief executive officer now owns 53,308 shares in the company, valued at $1,467,036.16. The trade was a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,787 shares of company stock worth $937,840 in the last three months. Insiders own 6.30% of the company's stock.

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.