Inceptionr LLC Makes New Investment in Home BancShares, Inc. $HOMB

Inceptionr LLC bought a new position in shares of Home BancShares, Inc. (NYSE:HOMB) during the fourth quarter, HoldingsChannel.com reports. The firm bought 41,199 shares of the financial services provider’s stock, valued at approximately $1,145,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HOMB. Norges Bank bought a new stake in shares of Home BancShares during the 4th quarter worth approximately $66,673,000. First Trust Advisors LP lifted its holdings in shares of Home BancShares by 52.5% during the 3rd quarter. First Trust Advisors LP now owns 2,230,065 shares of the financial services provider’s stock worth $63,111,000 after acquiring an additional 767,844 shares during the period. Vanguard Group Inc. lifted its holdings 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 worth $567,372,000 after acquiring an additional 621,751 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Home BancShares by 82.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,120,706 shares of the financial services provider’s stock worth $31,716,000 after acquiring an additional 508,127 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Home BancShares during the 2nd quarter worth approximately $12,931,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HOMB. Keefe, Bruyette & Woods cut their price target on shares of Home BancShares from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Monday, April 20th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $30.00 price target (down from $31.00) on shares of Home BancShares in a report on Tuesday, May 19th. Weiss Ratings downgraded shares of Home BancShares from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Wall Street Zen downgraded shares of Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Finally, Zacks Research downgraded shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Home BancShares currently has an average rating of “Hold” and a consensus price target of $31.20.

Insider Activity at Home BancShares

In related news, CEO John W. Allison acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was acquired at an average price of $26.96 per share, with a total value 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 trade represents a 1.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jennifer C. Floyd sold 3,000 shares of the firm’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $27.11, for a total transaction of $81,330.00. Following the transaction, the chief accounting officer directly owned 4,635 shares of the company’s stock, valued at $125,654.85. The trade was a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 6.39% of the stock is owned by corporate insiders.

Home BancShares Price Performance

Shares of NYSE:HOMB opened at $27.63 on Thursday. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 11.37 and a beta of 0.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a 50 day simple moving average of $26.90 and a 200 day simple moving average of $27.77. Home BancShares, Inc. has a one year low of $25.50 and a one year high of $30.83.

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, meeting the consensus estimate of $0.60. The business had revenue of $266.71 million during the quarter, compared to the consensus estimate of $274.06 million. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 EPS. Research analysts predict that Home BancShares, Inc. will post 2.48 earnings per share for the current fiscal year.

Home BancShares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.84 annualized dividend and a yield of 3.0%. Home BancShares’s dividend payout ratio is presently 34.57%.

Home BancShares Company 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.