Home BancShares, Inc. $HOMB Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. cut its position in Home BancShares, Inc. (NYSE:HOMB) by 70.3% in the third quarter, Holdings Channel reports. The firm owned 22,042 shares of the financial services provider’s stock after selling 52,207 shares during the period. Harbor Capital Advisors Inc.’s holdings in Home BancShares were worth $624,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in Home BancShares by 14.7% in the second quarter. American Century Companies Inc. now owns 4,876,022 shares of the financial services provider’s stock valued at $138,772,000 after buying an additional 626,655 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Home BancShares by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,572,656 shares of the financial services provider’s stock worth $130,151,000 after acquiring an additional 26,511 shares during the last quarter. Norges Bank acquired a new position in shares of Home BancShares in the 2nd quarter valued at $64,545,000. Bank of New York Mellon Corp raised its position in Home BancShares by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,769,612 shares of the financial services provider’s stock valued at $50,363,000 after purchasing an additional 25,578 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in Home BancShares by 1.8% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,245,363 shares of the financial services provider’s stock worth $35,443,000 after purchasing an additional 21,583 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home BancShares Trading Down 0.2%

Shares of Home BancShares stock opened at $28.36 on Friday. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 12.22 and a beta of 0.78. Home BancShares, Inc. has a 52-week low of $24.22 and a 52-week high of $31.27. The company’s 50-day simple moving average is $27.76 and its 200-day simple moving average is $28.37. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.20.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Home BancShares had a net margin of 31.20% and a return on equity of 10.94%. The firm had revenue of $277.67 million during the quarter, compared to the consensus estimate of $269.96 million. During the same quarter last year, the firm earned $0.50 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from Home BancShares’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, November 12th. Home BancShares’s dividend payout ratio (DPR) is presently 36.21%.

Wall Street Analyst Weigh In

A number of research analysts have commented on HOMB shares. Cantor Fitzgerald initiated coverage on shares of Home BancShares in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 price objective on the stock. Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a report on Sunday, November 2nd. Piper Sandler set a $34.00 price target on Home BancShares and gave the company an “overweight” rating in a research report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

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.