GSA Capital Partners LLP Sells 19,235 Shares of Home BancShares, Inc. $HOMB

GSA Capital Partners LLP trimmed its holdings in shares of Home BancShares, Inc. (NYSE:HOMB) by 51.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,139 shares of the financial services provider’s stock after selling 19,235 shares during the period. GSA Capital Partners LLP’s holdings in Home BancShares were worth $513,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Home BancShares by 3.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,497 shares of the financial services provider’s stock valued at $12,453,000 after purchasing an additional 15,259 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Home BancShares by 82.7% during the 1st quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock worth $7,826,000 after purchasing an additional 125,301 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Home BancShares by 0.7% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 66,765 shares of the financial services provider’s stock valued at $1,900,000 after buying an additional 469 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Home BancShares in the second quarter valued at $373,000. Finally, Hantz Financial Services Inc. grew its stake in shares of Home BancShares by 4,480.3% in the second quarter. Hantz Financial Services Inc. now owns 2,794 shares of the financial services provider’s stock valued at $80,000 after buying an additional 2,733 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home BancShares Stock Performance

Shares of HOMB stock opened at $28.25 on Tuesday. Home BancShares, Inc. has a 52 week low of $24.22 and a 52 week high of $30.83. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 11.72 and a beta of 0.80. The company has a 50-day simple moving average of $28.85 and a 200 day simple moving average of $28.45. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.91.

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

Home BancShares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Investors 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 annualized dividend and a yield of 3.0%. Home BancShares’s payout ratio is 34.85%.

Insider Buying and Selling

In other Home BancShares news, Director Donna Townsell sold 5,563 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was 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. This represents a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HOMB has been the topic of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 price target (up from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Royal Bank Of Canada set a $31.00 target price on shares of Home BancShares in a report on Monday, January 12th. Zacks Research upgraded Home BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Wall Street Zen downgraded Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $32.60.

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.