Tudor Investment Corp ET AL Purchases 63,829 Shares of Home BancShares, Inc. $HOMB

Tudor Investment Corp ET AL boosted its holdings in shares of Home BancShares, Inc. (NYSE:HOMB) by 159.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,938 shares of the financial services provider’s stock after acquiring an additional 63,829 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Home BancShares were worth $2,941,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HOMB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Home BancShares by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,497 shares of the financial services provider’s stock worth $12,453,000 after purchasing an additional 15,259 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Home BancShares by 82.7% in the 1st quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock valued at $7,826,000 after purchasing an additional 125,301 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Home BancShares by 16.0% in the 2nd quarter. Legal & General Group Plc now owns 345,072 shares of the financial services provider’s stock valued at $9,821,000 after purchasing an additional 47,617 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Home BancShares by 13.3% in the second quarter. Franklin Resources Inc. now owns 38,084 shares of the financial services provider’s stock worth $1,084,000 after purchasing an additional 4,475 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Home BancShares by 2.0% during the second quarter. Rhumbline Advisers now owns 629,473 shares of the financial services provider’s stock worth $17,915,000 after buying an additional 12,552 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Home BancShares Stock Down 1.2%

Home BancShares stock opened at $26.42 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.91. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $30.83. The firm has a fifty day moving average price of $28.19 and a two-hundred day moving average price of $28.10. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 10.96 and a beta of 0.78.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $269.25 million for the quarter, compared to the consensus estimate of $272.48 million. Home BancShares had a return on equity of 11.16% and a net margin of 32.18%.The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. As a group, analysts forecast that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. Home BancShares’s dividend payout ratio (DPR) is 34.85%.

Insider Activity at Home BancShares

In other news, Director Donna Townsell sold 5,563 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total value of $157,877.94. Following the completion of the sale, the director directly owned 218,460 shares of the company’s stock, valued at approximately $6,199,894.80. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John W. Allison II sold 5,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $28.19, for a total transaction of $140,950.00. Following the completion of the sale, the director owned 651,995 shares in the company, valued at approximately $18,379,739.05. The trade was a 0.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on HOMB shares. Royal Bank Of Canada set a $31.00 target price on Home BancShares in a report on Monday, January 12th. Wall Street Zen upgraded Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a research note on Monday, December 29th. Cantor Fitzgerald reduced their target price on Home BancShares from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Finally, Zacks Research cut Home BancShares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $32.40.

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.