Trexquant Investment LP Takes Position 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 bought a new stake in Home BancShares, Inc. (NYSE:HOMB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 93,326 shares of the financial services provider's stock, valued at approximately $2,638,000.

Several other hedge funds have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. raised its stake in Home BancShares by 2.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,404,440 shares of the financial services provider's stock worth $237,594,000 after acquiring an additional 196,563 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Home BancShares by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider's stock valued at $63,390,000 after purchasing an additional 75,463 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Home BancShares in the first quarter worth approximately $41,431,000. Royce & Associates LP raised its position in shares of Home BancShares by 0.5% in the first quarter. Royce & Associates LP now owns 1,123,775 shares of the financial services provider's stock valued at $31,769,000 after purchasing an additional 5,239 shares during the period. Finally, Boston Partners boosted its stake in shares of Home BancShares by 1.4% in the 1st quarter. Boston Partners now owns 990,030 shares of the financial services provider's stock valued at $27,830,000 after purchasing an additional 13,813 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Insider Activity at Home BancShares

In other news, CEO John W. Allison sold 110,000 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total transaction of $3,302,200.00. Following the completion of the sale, the chief executive officer directly owned 5,540,776 shares of the company's stock, valued at $166,334,095.52. The trade was a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $664,855.68. Following the transaction, the chief executive officer directly owned 53,308 shares in the company, valued at approximately $1,467,036.16. This represents a 31.19% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.30% of the company's stock.

Analyst Ratings Changes

HOMB has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Home BancShares from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Keefe, Bruyette & Woods raised their price objective on Home BancShares from $30.00 to $32.00 and gave the company a "market perform" rating in a report on Monday, July 21st. Finally, Piper Sandler boosted their target price on Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.20.

Home BancShares Trading Down 0.9%

Shares of NYSE HOMB traded down $0.28 during trading on Monday, reaching $29.58. The stock had a trading volume of 380,003 shares, compared to its average volume of 1,000,279. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $32.90. The company has a market cap of $5.83 billion, a P/E ratio of 13.51 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 0.90. The business's 50-day moving average price is $29.04 and its 200-day moving average price is $28.37.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The business had revenue of $271.03 million during 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%.The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. On average, equities research analysts predict that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 13th were given 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 dividend payout ratio (DPR) is currently 36.53%.

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.