Trexquant Investment LP Makes New $2.64 Million Investment in Home BancShares, Inc. $HOMB

Key Points

• Trexquant Investment LP has acquired a new stake in Home BancShares, Inc. by purchasing 93,326 shares valued at approximately $2.64 million during the first quarter.
• Insider trading activity includes CEO John Stephen Tipton selling 24,159 shares, reducing his ownership by 31.19%, while CEO John W. Allison sold 110,000 shares, a 1.95% reduction in his stake.
• Home BancShares reported $0.58 earnings per share for the latest quarter, matching analysts' expectations, and announced a quarterly dividend of $0.20 per share, with a dividend yield of 2.7%.

Trexquant Investment LP acquired a new position in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 93,326 shares of the financial services provider's stock, valued at approximately $2,638,000.

Other institutional investors also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in Home BancShares during the first quarter valued at about $39,000. Summit Securities Group LLC bought a new position in Home BancShares during the first quarter valued at about $64,000. GAMMA Investing LLC raised its holdings in Home BancShares by 60.8% during the first quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider's stock valued at $74,000 after buying an additional 995 shares in the last quarter. UMB Bank n.a. raised its holdings in Home BancShares by 32.4% during the first quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider's stock valued at $75,000 after buying an additional 647 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Home BancShares by 60.5% during the first quarter. Fifth Third Bancorp now owns 3,468 shares of the financial services provider's stock valued at $98,000 after buying an additional 1,307 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

Insider Activity at Home BancShares

In other news, CEO John Stephen Tipton sold 24,159 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $27.52, for a total value of $664,855.68. Following the transaction, the chief executive officer directly owned 53,308 shares of the company's stock, valued at $1,467,036.16. The trade was a 31.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Allison sold 110,000 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $30.02, for a total value of $3,302,200.00. Following the completion of the transaction, the chief executive officer directly owned 5,540,776 shares in the company, valued at $166,334,095.52. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.30% of the stock is owned by insiders.

Home BancShares Price Performance

Shares of HOMB stock traded down $0.12 during trading hours on Tuesday, hitting $29.50. The company had a trading volume of 118,279 shares, compared to its average volume of 998,014. Home BancShares, Inc. has a 12 month low of $24.22 and a 12 month high of $32.90. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 13.49 and a beta of 0.81. The firm's fifty day moving average is $29.06 and its 200 day moving average is $28.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 0.90.

Home BancShares (NYSE:HOMB - Get Free Report) last announced its earnings results on Wednesday, July 16th. The financial services provider reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The business had revenue of $271.03 million for the quarter, compared to the consensus estimate of $262.56 million. Home BancShares had a return on equity of 10.60% and a net margin of 29.58%.Home BancShares's revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. On average, sell-side analysts predict that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 13th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 13th. Home BancShares's payout ratio is presently 36.53%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HOMB shares. Piper Sandler lifted their price objective on Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Wall Street Zen lowered Home BancShares from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday, July 21st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.