MGO One Seven LLC Has $2.16 Million Holdings in Home BancShares, Inc. $HOMB

MGO One Seven LLC increased its position in shares of Home BancShares, Inc. (NYSE:HOMB) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 75,994 shares of the financial services provider’s stock after acquiring an additional 755 shares during the quarter. MGO One Seven LLC’s holdings in Home BancShares were worth $2,163,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Home BancShares by 12.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,451 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 2,096 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Home BancShares by 0.9% during the first quarter. Principal Financial Group Inc. now owns 428,649 shares of the financial services provider’s stock valued at $12,118,000 after acquiring an additional 4,019 shares during the period. GAMMA Investing LLC raised its holdings in shares of Home BancShares by 60.8% during the first quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 995 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Home BancShares by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider’s stock valued at $63,390,000 after acquiring an additional 75,463 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of Home BancShares by 48.0% during the first quarter. Cerity Partners LLC now owns 18,804 shares of the financial services provider’s stock valued at $532,000 after acquiring an additional 6,102 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home BancShares Stock Performance

HOMB stock opened at $28.33 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 12.93 and a beta of 0.78. Home BancShares, Inc. has a 12 month low of $24.22 and a 12 month high of $32.90. The firm has a 50 day moving average of $28.80 and a two-hundred day moving average of $28.35.

Home BancShares (NYSE:HOMB) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $271.03 million during the quarter, compared to the consensus estimate of $262.56 million. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. As a group, equities analysts anticipate that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, August 13th. Home BancShares’s payout ratio is currently 36.53%.

Insider Buying and Selling at Home BancShares

In other news, CEO John W. Allison sold 110,000 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total value of $3,302,200.00. Following the completion of the sale, the chief executive officer directly owned 5,540,776 shares in the company, valued at approximately $166,334,095.52. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HOMB shares. Piper Sandler boosted their price target on shares of Home BancShares from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Wall Street Zen downgraded shares of Home BancShares from a “hold” rating to a “sell” rating in a research report on Sunday. Cantor Fitzgerald initiated coverage on shares of Home BancShares in a research report on Wednesday, September 10th. They set a “neutral” rating and a $32.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home BancShares in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Home BancShares has an average rating of “Moderate Buy” and an average target price of $33.00.

Home BancShares Company Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.