Home BancShares, Inc. $HOMB Stock: DecisionPoint Financial LLC Cuts Position

DecisionPoint Financial LLC lessened its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,978 shares of the financial services provider’s stock after selling 18,159 shares during the period. Home BancShares makes up about 2.3% of DecisionPoint Financial LLC’s investment portfolio, making the stock its 11th largest holding. DecisionPoint Financial LLC’s holdings in Home BancShares were worth $13,451,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Home BancShares in the second quarter worth $735,643,000. Azora Capital LP purchased a new position in shares of Home BancShares in the 2nd quarter worth about $62,027,000. Bank of New York Mellon Corp purchased a new position in shares of Home BancShares in the 2nd quarter worth about $44,068,000. Bank of America Corp DE bought a new position in Home BancShares in the 2nd quarter worth about $18,242,000. Finally, Dimensional Fund Advisors LP boosted its stake in Home BancShares by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,720,491 shares of the financial services provider’s stock worth $180,979,000 after purchasing an additional 559,603 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home BancShares Price Performance

Shares of NYSE:HOMB opened at $29.67 on Thursday. The company has a market capitalization of $5.93 billion, a P/E ratio of 12.16 and a beta of 0.72. Home BancShares, Inc. has a 1-year low of $25.50 and a 1-year high of $31.70. The firm’s 50 day simple moving average is $29.38 and its two-hundred day simple moving average is $28.54. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.92 and a quick ratio of 0.92.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $288.44 million during the quarter, compared to analysts’ expectations of $294.42 million. Home BancShares had a net margin of 32.36% and a return on equity of 11.14%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. Research analysts expect that Home BancShares, Inc. will post 2.53 EPS for the current fiscal year.

Home BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 11th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, November 10th. Home BancShares’s payout ratio is presently 37.70%.

Insider Buying and Selling at Home BancShares

In other news, CEO John Tipton sold 12,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $31.59, for a total value of $379,080.00. Following the completion of the transaction, the chief executive officer owned 76,308 shares of the company’s stock, valued at $2,410,569.72. This represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HOMB. Keefe, Bruyette & Woods lifted their target price on shares of Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Friday, July 17th. Weiss Ratings upgraded shares of Home BancShares from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Wall Street Zen raised Home BancShares from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Cantor Fitzgerald reissued a “neutral” rating on shares of Home BancShares in a report on Thursday, October 15th. Finally, Stephens upped their price objective on Home BancShares from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Home BancShares currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.57.

Home BancShares Profile

Home BancShares, Inc is a bank holding company headquartered in Conway, Arkansas. Through its principal subsidiary, Centennial Bank, the company provides banking services to businesses, individuals and institutions, including commercial and consumer lending, residential and commercial real estate loans, deposit accounts, cash management and online banking services.

Centennial Bank serves customers through a network of financial centers and digital banking channels in markets across Arkansas, Florida, Alabama and Texas.