Tudor Investment Corp ET AL Acquires 63,829 Shares of Home BancShares, Inc. $HOMB

Key Points

• Tudor Investment Corp boosted its stake in Home BancShares by 159.1% in Q3, buying 63,829 shares to hold 103,938 shares (~$2.94M), and several other institutional investors also raised positions, leaving institutions with 67.31% ownership.
• Analysts have a consensus rating of "Hold" with a consensus target price of $32.40 (three Buys, four Holds), though Piper Sandler's target is $35 and RBC's is $31.
• Shares opened at $28.01 with a market cap of $5.51B and a P/E of 11.62; the company pays a $0.21 quarterly dividend (annualized yield ~3.0%) and reported $0.60 EPS for the quarter with revenue up 9.2% year-over-year.

Tudor Investment Corp ET AL grew its holdings in Home BancShares, Inc. (NYSE:HOMB - Free Report) by 159.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 103,938 shares of the financial services provider's stock after purchasing an additional 63,829 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.05% of Home BancShares worth $2,941,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fieldview Capital Management LLC raised its holdings in shares of Home BancShares by 86.7% in the 3rd quarter. Fieldview Capital Management LLC now owns 123,552 shares of the financial services provider's stock valued at $3,497,000 after purchasing an additional 57,358 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Home BancShares by 4.4% in the 3rd quarter. Fisher Asset Management LLC now owns 2,082,532 shares of the financial services provider's stock valued at $58,936,000 after purchasing an additional 88,563 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in shares of Home BancShares by 92.6% in the 3rd quarter. Great Lakes Advisors LLC now owns 216,728 shares of the financial services provider's stock valued at $6,133,000 after purchasing an additional 104,212 shares in the last quarter. Vest Financial LLC raised its holdings in shares of Home BancShares by 82.9% in the 3rd quarter. Vest Financial LLC now owns 134,033 shares of the financial services provider's stock valued at $3,793,000 after purchasing an additional 60,753 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of Home BancShares by 490.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 77,379 shares of the financial services provider's stock valued at $2,190,000 after purchasing an additional 64,269 shares in the last quarter. Institutional investors own 67.31% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Zacks Research lowered shares of Home BancShares from a "strong-buy" rating to a "hold" rating in a report on Monday, March 16th. Piper Sandler reiterated an "overweight" rating and set a $35.00 price objective (up from $34.00) on shares of Home BancShares in a research note on Friday, January 16th. Royal Bank Of Canada set a $31.00 price objective on shares of Home BancShares in a research note on Monday, January 12th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Home BancShares in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Home BancShares from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $32.40.

Home BancShares Trading Down 2.0%

Shares of Home BancShares stock opened at $28.01 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18. Home BancShares, Inc. has a 12-month low of $24.78 and a 12-month high of $30.83. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 11.62 and a beta of 0.75. The firm's 50 day simple moving average is $27.92 and its two-hundred day simple moving average is $27.97.

Home BancShares (NYSE:HOMB - Get Free Report) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The business had revenue of $269.25 million for the quarter, compared to analyst estimates of $272.48 million. During the same quarter in the prior year, the business posted $0.50 EPS. Home BancShares's revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts predict that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, February 11th. This represents a $0.84 dividend on an annualized basis and a yield of 3.0%. Home BancShares's dividend payout ratio is presently 34.85%.

Insider Buying and Selling

In other news, Director Donna Townsell sold 5,563 shares of the company's stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $28.38, for a total value of $157,877.94. Following the sale, the director directly owned 218,460 shares of the company's stock, valued at $6,199,894.80. This represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Allison II sold 5,000 shares of the company's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $28.19, for a total transaction of $140,950.00. Following the completion of the sale, the director directly owned 651,995 shares in the company, valued at $18,379,739.05. This trade represents a 0.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 6.39% of the company's stock.

Home BancShares Profile

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company's core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.

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