Money Concepts Capital Corp Makes New $663,000 Investment in Home BancShares, Inc. $HOMB

Money Concepts Capital Corp purchased a new stake in Home BancShares, Inc. (NYSE:HOMB) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,632 shares of the financial services provider’s stock, valued at approximately $663,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Root Financial Partners LLC lifted its stake in shares of Home BancShares by 76.9% in the first quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 474 shares during the period. CIBC Private Wealth Group LLC increased its position in Home BancShares by 164.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 674 shares during the period. Kestra Advisory Services LLC acquired a new stake in Home BancShares during the 4th quarter valued at approximately $36,000. Covestor Ltd raised its holdings in Home BancShares by 110.6% during the 4th quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 697 shares during the last quarter. Finally, Binnacle Investments Inc raised its holdings in Home BancShares by 76.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 577 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

HOMB has been the topic of a number of analyst reports. Stephens reduced their price objective on shares of Home BancShares from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Keefe, Bruyette & Woods lowered their target price on shares of 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. Wall Street Zen lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Benchmark assumed coverage on shares of Home BancShares in a report on Wednesday, June 24th. They issued a “hold” rating on the stock. Finally, Zacks Research cut shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.20.

Insider Activity

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

Home BancShares Stock Up 0.3%

Shares of HOMB traded up $0.10 during trading hours on Friday, reaching $28.73. The stock had a trading volume of 2,230,296 shares, compared to its average volume of 1,938,759. Home BancShares, Inc. has a 12 month low of $25.50 and a 12 month high of $30.83. The firm has a 50-day simple moving average of $27.38 and a 200 day simple moving average of $27.77. 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 company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 11.82 and a beta of 0.68.

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

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Wednesday, May 13th. Home BancShares’s dividend payout ratio is currently 34.57%.

Home BancShares 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.