NFJ Investment Group LLC Has $24.29 Million Stock Holdings in Home BancShares, Inc. $HOMB

NFJ Investment Group LLC lessened its position in Home BancShares, Inc. (NYSE:HOMB) by 2.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 874,250 shares of the financial services provider’s stock after selling 25,760 shares during the period. NFJ Investment Group LLC owned about 0.44% of Home BancShares worth $24,287,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its stake in shares of Home BancShares by 164.8% in 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 in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Home BancShares in the 4th quarter valued at $36,000. Covestor Ltd boosted 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 purchasing an additional 697 shares in the last quarter. Binnacle Investments Inc boosted 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 purchasing an additional 577 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in shares of Home BancShares in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Transactions at Home BancShares

In related news, CEO John W. Allison purchased 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 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 position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Jennifer C. Floyd sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $27.11, for a total value of $81,330.00. Following the completion of the transaction, the chief accounting officer owned 4,635 shares of the company’s stock, valued at $125,654.85. This represents a 39.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 6.39% of the company’s stock.

Home BancShares Stock Performance

Shares of HOMB stock opened at $28.26 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $5.69 billion, a PE ratio of 11.63 and a beta of 0.68. The stock has a 50-day moving average of $26.94 and a 200-day moving average of $27.77. Home BancShares, Inc. has a one year low of $25.50 and a one year high of $30.83.

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. The company had revenue of $266.71 million during the quarter, compared to analysts’ expectations of $274.06 million. Home BancShares had a return on equity of 11.11% and a net margin of 32.48%.Home BancShares’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.0%. Home BancShares’s dividend payout ratio is 34.57%.

Analysts Set New Price Targets

Several brokerages have recently commented on HOMB. Piper Sandler set a $33.00 target price on shares of Home BancShares and gave the company an “overweight” rating in a research note on Friday, April 17th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $30.00 price target (down from $31.00) on shares of Home BancShares in a report on Tuesday, May 19th. Zacks Research cut Home BancShares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Stephens cut their price target on Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Finally, Wall Street Zen cut Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Two 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, Home BancShares presently has an average rating of “Hold” and an average price target of $31.20.

Home BancShares Company 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.