Home BancShares, Inc. $HOMB Holdings Raised by Horrell Capital Management Inc.

Horrell Capital Management Inc. boosted its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 109,808 shares of the financial services provider’s stock after buying an additional 2,388 shares during the period. Home BancShares comprises 1.3% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 24th largest holding. Horrell Capital Management Inc.’s holdings in Home BancShares were worth $3,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Home BancShares during the 1st quarter valued at $39,000. Summit Securities Group LLC purchased a new stake in shares of Home BancShares during the first quarter worth $64,000. Hantz Financial Services Inc. increased its position in Home BancShares by 4,480.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,794 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 2,733 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Home BancShares by 25.6% during the 2nd quarter. UMB Bank n.a. now owns 3,323 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 677 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Home BancShares by 155.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,817 shares of the financial services provider’s stock valued at $108,000 after buying an additional 2,325 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Transactions at Home BancShares

In related news, CEO John W. Allison sold 110,000 shares of Home BancShares stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $30.02, for a total value of $3,302,200.00. Following the completion of the sale, the chief executive officer directly owned 5,540,776 shares in the company, valued at $166,334,095.52. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Home BancShares Trading Up 0.1%

HOMB opened at $27.57 on Wednesday. Home BancShares, Inc. has a 1-year low of $24.22 and a 1-year high of $32.90. The stock has a market capitalization of $5.42 billion, a PE ratio of 11.88 and a beta of 0.81. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $28.09 and a two-hundred day moving average price of $28.47.

Home BancShares (NYSE:HOMB) last released its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Home BancShares had a net margin of 31.20% and a return on equity of 10.94%. The business had revenue of $277.67 million for the quarter, compared to analysts’ expectations of $269.96 million. During the same period in the prior year, the firm earned $0.50 earnings per share. Home BancShares’s revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.0%. This is a boost from Home BancShares’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, November 12th. Home BancShares’s payout ratio is currently 36.21%.

Analyst Ratings Changes

HOMB has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, July 21st. Cantor Fitzgerald initiated coverage on Home BancShares in a report on Wednesday, September 10th. They set a “neutral” rating and a $32.00 price objective for the company. Wall Street Zen lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a report on Sunday, November 2nd. Piper Sandler set a $34.00 price objective on shares of Home BancShares and gave the stock an “overweight” rating in a report on Friday, October 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Home BancShares in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Home BancShares currently has an average rating of “Moderate Buy” and an average price target of $32.83.

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.