MQS Management LLC Has $797,000 Stake in Home BancShares, Inc. $HOMB

MQS Management LLC boosted its holdings in Home BancShares, Inc. (NYSE:HOMB) by 215.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,587 shares of the financial services provider’s stock after buying an additional 20,202 shares during the period. Home BancShares makes up about 0.5% of MQS Management LLC’s investment portfolio, making the stock its 22nd biggest position. MQS Management LLC’s holdings in Home BancShares were worth $797,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Home BancShares by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 20,423,768 shares of the financial services provider’s stock valued at $567,372,000 after acquiring an additional 621,751 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Home BancShares by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,160,888 shares of the financial services provider’s stock worth $171,152,000 after purchasing an additional 203,392 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Home BancShares by 4.5% in the 4th quarter. Capital Research Global Investors now owns 5,588,267 shares of the financial services provider’s stock worth $155,242,000 after purchasing an additional 238,548 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Home BancShares by 37.3% during the fourth quarter. First Trust Advisors LP now owns 3,060,888 shares of the financial services provider’s stock worth $85,031,000 after purchasing an additional 830,823 shares during the period. Finally, Nuveen LLC grew its stake in shares of Home BancShares by 8.4% during the fourth quarter. Nuveen LLC now owns 2,776,469 shares of the financial services provider’s stock worth $77,130,000 after purchasing an additional 215,940 shares during the period. 67.31% of the stock is owned by institutional investors.

Insider Transactions at Home BancShares

In related news, CAO Jennifer C. Floyd sold 3,000 shares of the stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $27.11, for a total transaction of $81,330.00. Following the completion of the transaction, the chief accounting officer directly owned 4,635 shares in the company, valued at approximately $125,654.85. This trade represents a 39.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Allison bought 100,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was purchased at an average price of $26.96 per share, for a total transaction of $2,696,000.00. Following the purchase, the chief executive officer directly owned 5,798,926 shares in the company, valued at approximately $156,339,044.96. This represents a 1.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 6.39% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HOMB shares. Keefe, Bruyette & Woods reduced their target price on Home BancShares from $32.00 to $30.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $30.00 price target (down from $31.00) on shares of Home BancShares in a research report on Tuesday, May 19th. Wall Street Zen lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Weiss Ratings cut shares of Home BancShares from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Stephens lowered their target price on shares of Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $31.20.

Home BancShares Stock Down 0.8%

Home BancShares stock opened at $28.54 on Wednesday. The company has a 50 day moving average of $27.08 and a 200-day moving average of $27.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. Home BancShares, Inc. has a twelve month low of $25.50 and a twelve month high of $30.83. The stock has a market capitalization of $5.75 billion, a PE ratio of 11.74 and a beta of 0.68.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $266.71 million for the quarter, compared to analyst estimates of $274.06 million. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.56 earnings per share. On average, equities research analysts anticipate that Home BancShares, Inc. will post 2.48 EPS for the current fiscal year.

Home BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, May 13th. Home BancShares’s dividend payout ratio is currently 34.57%.

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.