Fieldview Capital Management LLC Decreases Stake in Home BancShares, Inc. $HOMB

Fieldview Capital Management LLC reduced its position in Home BancShares, Inc. (NYSE:HOMB) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,601 shares of the financial services provider’s stock after selling 17,951 shares during the period. Fieldview Capital Management LLC owned approximately 0.05% of Home BancShares worth $2,934,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kennedy Capital Management LLC boosted its position in Home BancShares by 16.4% in the 4th quarter. Kennedy Capital Management LLC now owns 1,106,228 shares of the financial services provider’s stock valued at $30,731,000 after buying an additional 155,527 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Home BancShares during the fourth quarter worth about $1,218,000. Aptus Capital Advisors LLC lifted its position in shares of Home BancShares by 0.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 380,117 shares of the financial services provider’s stock worth $10,560,000 after purchasing an additional 1,650 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Home BancShares during the fourth quarter worth about $36,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Home BancShares by 32.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,238 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 799 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Home BancShares news, CEO John W. Allison acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were purchased at an average price of $26.96 per share, for a total transaction of $2,696,000.00. Following the completion of the purchase, the chief executive officer directly owned 5,798,926 shares in the company, valued at $156,339,044.96. The trade was a 1.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jennifer C. Floyd sold 3,000 shares of the stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $27.11, for a total transaction of $81,330.00. Following the sale, the chief accounting officer owned 4,635 shares in the company, valued at approximately $125,654.85. This trade represents a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 6.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HOMB. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $30.00 price target (down from $31.00) on shares of Home BancShares in a research report on Tuesday, May 19th. Zacks Research cut shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings cut shares of Home BancShares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Stephens reduced their price target on shares of 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, Keefe, Bruyette & Woods reduced their price target on shares of Home BancShares from $32.00 to $30.00 and set a “market perform” rating on the stock in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.20.

Home BancShares Price Performance

HOMB opened at $28.26 on Friday. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 11.63 and a beta of 0.68. Home BancShares, Inc. has a fifty-two week low of $25.50 and a fifty-two week high of $30.83. The company’s 50-day moving average price is $26.94 and its 200 day moving average price is $27.77. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18.

Home BancShares (NYSE:HOMB) last released its quarterly earnings data 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 net margin of 32.48% and a return on equity of 11.11%. Home BancShares’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. As a group, sell-side analysts expect that Home BancShares, Inc. will post 2.48 earnings per share for the current year.

Home BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.84 annualized dividend and a yield of 3.0%. Home BancShares’s dividend payout ratio is 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.