Great Lakes Advisors LLC Has $6.13 Million Holdings in Home BancShares, Inc. $HOMB

Great Lakes Advisors LLC grew its holdings in Home BancShares, Inc. (NYSE:HOMB) by 92.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 216,728 shares of the financial services provider’s stock after acquiring an additional 104,212 shares during the quarter. Great Lakes Advisors LLC owned 0.11% of Home BancShares worth $6,133,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Binnacle Investments Inc boosted its holdings in Home BancShares by 76.7% in the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 577 shares during the period. First Horizon Corp bought a new position in shares of Home BancShares during the 3rd quarter worth about $43,000. Hantz Financial Services Inc. raised its position in shares of Home BancShares by 4,480.3% during the second quarter. Hantz Financial Services Inc. now owns 2,794 shares of the financial services provider’s stock valued at $80,000 after buying an additional 2,733 shares during the last quarter. Caldwell Trust Co bought a new stake in shares of Home BancShares in the second quarter valued at about $146,000. Finally, Geneos Wealth Management Inc. grew its position in Home BancShares by 34.0% during the second quarter. Geneos Wealth Management Inc. now owns 5,116 shares of the financial services provider’s stock worth $146,000 after buying an additional 1,299 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Home BancShares Stock Up 2.2%

Shares of NYSE:HOMB opened at $28.94 on Friday. The company’s fifty day moving average is $28.42 and its 200-day moving average is $28.35. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.91. Home BancShares, Inc. has a 52 week low of $24.22 and a 52 week high of $31.27. The company has a market capitalization of $5.69 billion, a PE ratio of 12.01 and a beta of 0.78.

Home BancShares (NYSE:HOMB) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $282.09 million during the quarter, compared to analysts’ expectations of $272.48 million. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. Equities research analysts predict that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. Home BancShares’s payout ratio is 34.85%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Royal Bank Of Canada set a $31.00 price target on Home BancShares in a report on Monday, January 12th. Wall Street Zen upgraded Home BancShares from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $35.00 target price (up from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Zacks Research upgraded shares of Home BancShares from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Home BancShares in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.60.

Insider Activity at Home BancShares

In related news, Director Donna Townsell sold 5,563 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total transaction of $157,877.94. Following the sale, the director directly owned 218,460 shares in the company, 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 available at the SEC website. 6.30% of the stock is owned by insiders.

About Home BancShares

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.