Home BancShares, Inc. $HOMB Shares Sold by Centennial Bank AR

Centennial Bank AR decreased its holdings in Home BancShares, Inc. (NYSE:HOMB) by 16.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 129,511 shares of the financial services provider’s stock after selling 25,529 shares during the quarter. Home BancShares makes up 1.4% of Centennial Bank AR’s holdings, making the stock its 21st biggest holding. Centennial Bank AR’s holdings in Home BancShares were worth $3,665,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in HOMB. Norges Bank purchased a new position in Home BancShares in the 2nd quarter valued at approximately $64,545,000. American Century Companies Inc. boosted its holdings in Home BancShares by 14.7% in the second quarter. American Century Companies Inc. now owns 4,876,022 shares of the financial services provider’s stock valued at $138,772,000 after purchasing an additional 626,655 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Home BancShares in the second quarter valued at $12,931,000. AQR Capital Management LLC grew its stake in Home BancShares by 87.6% during the 2nd quarter. AQR Capital Management LLC now owns 612,579 shares of the financial services provider’s stock worth $17,434,000 after purchasing an additional 286,073 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Home BancShares during the 2nd quarter worth about $5,825,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home BancShares

In other news, Director Donna Townsell sold 5,563 shares of Home BancShares stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $28.38, for a total value of $157,877.94. Following the transaction, the director directly owned 218,460 shares of the company’s stock, valued at $6,199,894.80. The trade was a 2.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 6.30% of the company’s stock.

Home BancShares Trading Down 0.9%

NYSE HOMB opened at $29.19 on Thursday. The firm’s fifty day moving average price is $28.83 and its 200 day moving average price is $28.42. Home BancShares, Inc. has a 12 month low of $24.22 and a 12 month high of $30.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.90. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 12.11 and a beta of 0.80.

Home BancShares (NYSE:HOMB) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The company had revenue of $282.09 million during the quarter, compared to the consensus estimate of $272.48 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Home BancShares’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, sell-side analysts expect that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders 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 yield of 2.9%. Home BancShares’s payout ratio is currently 34.85%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $35.00 price objective (up previously from $34.00) on shares of Home BancShares in a research note on Friday, January 16th. Wall Street Zen cut shares of Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Royal Bank Of Canada set a $31.00 price target on shares of Home BancShares in a report on Monday, January 12th. Zacks Research raised shares of Home BancShares from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.60.

Home BancShares 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.