Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Home BancShares, Inc. (NYSE:HOMB)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested approximately $467,000 in Home BancShares by acquiring 16,525 shares during Q1, marking their new position in the company.
• Company insiders, including CEO John Stephen Tipton and Kevin Hester, made notable stock sales, reducing their positions by 31.19% and 5.40% respectively.
• Home BancShares recently announced a quarterly dividend of $0.20 per share with a yield of 2.9%, signifying strong financial health after a revenue increase of 6.5% year-over-year.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,525 shares of the financial services provider's stock, valued at approximately $467,000.

A number of other institutional investors also recently modified their holdings of HOMB. State of Michigan Retirement System grew its holdings in shares of Home BancShares by 0.9% during the first quarter. State of Michigan Retirement System now owns 44,230 shares of the financial services provider's stock worth $1,250,000 after buying an additional 400 shares in the last quarter. Xponance Inc. increased its holdings in shares of Home BancShares by 1.8% during the 1st quarter. Xponance Inc. now owns 26,770 shares of the financial services provider's stock worth $757,000 after acquiring an additional 476 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Home BancShares by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the financial services provider's stock worth $1,464,000 after buying an additional 500 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Home BancShares by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 21,657 shares of the financial services provider's stock worth $612,000 after acquiring an additional 575 shares during the period. Finally, Kwmg LLC boosted its stake in Home BancShares by 0.3% in the 1st quarter. Kwmg LLC now owns 242,066 shares of the financial services provider's stock valued at $6,843,000 after purchasing an additional 627 shares during the period. Institutional investors and hedge funds own 67.31% of the company's stock.

Insider Activity at Home BancShares

In other news, CEO John Stephen Tipton sold 24,159 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $27.52, for a total transaction of $664,855.68. Following the sale, the chief executive officer owned 53,308 shares of the company's stock, valued at $1,467,036.16. This trade represents a 31.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.30% of the company's stock.

Home BancShares Stock Performance

Shares of NYSE:HOMB traded down $0.15 during trading on Thursday, hitting $27.56. 323,403 shares of the company traded hands, compared to its average volume of 1,028,316. The business's fifty day moving average is $28.62 and its 200-day moving average is $28.59. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 12.60 and a beta of 0.78. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24. Home BancShares, Inc. has a one year low of $24.22 and a one year high of $32.90.

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

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.9%. Home BancShares's payout ratio is presently 36.53%.

Analyst Ratings Changes

HOMB has been the subject of a number of research analyst reports. Piper Sandler boosted their price target on Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Royal Bank Of Canada dropped their price objective on Home BancShares from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research note on Monday, April 21st. Keefe, Bruyette & Woods increased their price target on Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Stephens restated an "overweight" rating and set a $33.00 price objective on shares of Home BancShares in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $33.20.

About Home BancShares

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.