Y Intercept Hong Kong Ltd Increases Position in Home BancShares, Inc. $HOMB

Y Intercept Hong Kong Ltd boosted its holdings in shares of Home BancShares, Inc. (NYSE:HOMB) by 490.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,379 shares of the financial services provider’s stock after purchasing an additional 64,269 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Home BancShares were worth $2,190,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. American Century Companies Inc. lifted its position in shares of Home BancShares by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 4,876,022 shares of the financial services provider’s stock valued at $138,772,000 after buying an additional 626,655 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Home BancShares by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,572,656 shares of the financial services provider’s stock valued at $130,151,000 after purchasing an additional 26,511 shares in the last quarter. Norges Bank acquired a new stake in shares of Home BancShares in the second quarter valued at about $64,545,000. Bank of New York Mellon Corp increased its stake in shares of Home BancShares by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 1,769,612 shares of the financial services provider’s stock worth $50,363,000 after purchasing an additional 25,578 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its position in shares of Home BancShares by 1.8% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,245,363 shares of the financial services provider’s stock worth $35,443,000 after purchasing an additional 21,583 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home BancShares Stock Performance

NYSE HOMB opened at $28.33 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.91. The stock’s fifty day moving average is $28.38 and its two-hundred day moving average is $28.35. The firm has a market capitalization of $5.57 billion, a P/E ratio of 11.75 and a beta of 0.78. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $31.27.

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

Home BancShares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, February 11th. Home BancShares’s payout ratio is presently 34.85%.

Analyst Upgrades and Downgrades

HOMB has been the topic of several research analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $35.00 price objective (up from $34.00) on shares of Home BancShares in a report on Friday, January 16th. Zacks Research raised Home BancShares from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Royal Bank Of Canada set a $31.00 price objective on Home BancShares in a research note on Monday, January 12th. Weiss Ratings restated a “buy (b-)” rating on shares of Home BancShares in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.60.

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.