Global Retirement Partners LLC Has $563,000 Stock Position in Home BancShares, Inc. $HOMB

Global Retirement Partners LLC grew its position in Home BancShares, Inc. (NYSE:HOMB) by 24,937.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 20,280 shares of the financial services provider’s stock after purchasing an additional 20,199 shares during the period. Global Retirement Partners LLC’s holdings in Home BancShares were worth $563,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd increased its stake in shares of Home BancShares by 110.6% in the 4th quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock valued at $37,000 after buying an additional 697 shares during the period. Binnacle Investments Inc increased its stake in shares of Home BancShares by 76.7% in the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after buying an additional 577 shares during the period. Torren Management LLC acquired a new stake in shares of Home BancShares in the 4th quarter valued at $49,000. Danske Bank A S acquired a new stake in shares of Home BancShares in the 3rd quarter valued at $57,000. Finally, Reyes Financial Architecture Inc. acquired a new stake in shares of Home BancShares in the 4th quarter valued at $62,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Home BancShares news, CEO John W. Allison bought 100,000 shares of Home BancShares stock in a transaction on Friday, April 17th. The shares were purchased at an average cost of $26.96 per share, for a total transaction of $2,696,000.00. Following the completion of the acquisition, the chief executive officer owned 5,798,926 shares in the company, valued at approximately $156,339,044.96. The trade was a 1.75% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jennifer C. Floyd sold 3,000 shares of Home BancShares 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 transaction, the chief accounting officer owned 4,635 shares in the company, valued at approximately $125,654.85. This represents a 39.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.39% of the company’s stock.

Analysts Set New Price Targets

HOMB has been the subject of several research reports. Zacks Research cut Home BancShares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Piper Sandler set a $33.00 price target on Home BancShares and gave the stock an “overweight” rating in a research report on Friday, April 17th. Weiss Ratings lowered Home BancShares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Stephens reduced their price target on Home BancShares from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Finally, Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.20.

Home BancShares Stock Performance

HOMB stock opened at $26.69 on Thursday. The business’s 50-day moving average price is $26.80 and its two-hundred day moving average price is $27.78. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The firm has a market cap of $5.37 billion, a PE ratio of 10.98 and a beta of 0.69. 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 earnings results on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $266.71 million for the quarter, compared to analyst estimates of $274.06 million. Home BancShares had a return on equity of 11.11% and a net margin of 32.48%.The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. As a group, research analysts forecast that Home BancShares, Inc. will post 2.48 earnings per share for the current year.

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, May 13th. This represents a $0.84 annualized dividend and a yield of 3.1%. Home BancShares’s payout ratio is currently 34.57%.

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.