Natixis Advisors LLC Has $2.65 Million Holdings in Home BancShares, Inc. $HOMB

Natixis Advisors LLC lessened its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 25.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 95,527 shares of the financial services provider’s stock after selling 32,574 shares during the quarter. Natixis Advisors LLC’s holdings in Home BancShares were worth $2,653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in 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 buying an additional 621,751 shares during the period. Dimensional Fund Advisors LP raised its holdings in Home BancShares by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,957,496 shares of the financial services provider’s stock worth $168,597,000 after buying an additional 45,848 shares during the period. Barr E S & Co. raised its holdings in Home BancShares by 3.0% during the 4th quarter. Barr E S & Co. now owns 2,413,987 shares of the financial services provider’s stock worth $67,061,000 after buying an additional 70,717 shares during the period. Norges Bank purchased a new stake in Home BancShares in the 4th quarter worth about $66,673,000. Finally, First Trust Advisors LP lifted its stake in Home BancShares by 52.5% in 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 in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Transactions at Home BancShares

In other news, CEO John W. Allison purchased 100,000 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $156,339,044.96. This trade represents a 1.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer C. Floyd sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $27.11, for a total value of $81,330.00. Following the sale, the chief accounting officer directly owned 4,635 shares of the company’s stock, valued at $125,654.85. This trade represents a 39.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.39% of the stock is owned by company insiders.

Home BancShares Stock Up 1.3%

Shares of Home BancShares stock opened at $27.38 on Wednesday. The stock has a 50-day moving average price of $26.87 and a 200 day moving average price of $27.76. The company has a market cap of $5.51 billion, a P/E ratio of 11.27 and a beta of 0.68. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. Home BancShares, Inc. has a 1 year low of $25.50 and a 1 year high of $30.83.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. Home BancShares had a return on equity of 11.11% and a net margin of 32.48%.The company had revenue of $266.71 million during the quarter, compared to the consensus estimate of $274.06 million. During the same period last year, the business earned $0.56 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, analysts expect that Home BancShares, Inc. will post 2.48 EPS for the current fiscal year.

Home BancShares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. Home BancShares’s dividend payout ratio (DPR) is 34.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HOMB shares. Keefe, Bruyette & Woods reduced their price objective on Home BancShares from $32.00 to $30.00 and set a “market perform” rating for the company in a research note on Monday, April 20th. Weiss Ratings downgraded Home BancShares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Stephens reduced their price objective on Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Cantor Fitzgerald reissued a “neutral” rating and issued a $30.00 price objective (down from $31.00) on shares of Home BancShares in a research note on Tuesday, May 19th. Finally, Zacks Research downgraded Home BancShares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Home BancShares presently has a consensus rating of “Hold” and a consensus target price of $31.20.

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.