Millennium Capital Advisors LLC Purchases New Position in Home BancShares, Inc. $HOMB

Millennium Capital Advisors LLC purchased a new stake in Home BancShares, Inc. (NYSE:HOMB) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 52,194 shares of the financial services provider’s stock, valued at approximately $1,450,000. Home BancShares makes up approximately 0.9% of Millennium Capital Advisors LLC’s investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Home BancShares by 3.6% in the first 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 valued at $12,453,000 after buying an additional 15,259 shares during the last quarter. Jane Street Group LLC lifted its stake in Home BancShares by 82.7% in the first quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock valued at $7,826,000 after buying an additional 125,301 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Home BancShares by 13.2% in the second quarter. Baird Financial Group Inc. now owns 21,500 shares of the financial services provider’s stock valued at $612,000 after buying an additional 2,500 shares during the last quarter. Marshall Wace LLP purchased a new stake in Home BancShares in the second quarter valued at approximately $1,015,000. Finally, Jump Financial LLC purchased a new stake in Home BancShares in the second quarter valued at approximately $230,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John W. Allison II sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $28.19, for a total value of $140,950.00. Following the transaction, the director owned 651,995 shares of the company’s stock, valued at approximately $18,379,739.05. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 directly owned 4,635 shares in the company, valued at approximately $125,654.85. The trade was a 39.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HOMB shares. Zacks Research cut Home BancShares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen cut Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Stephens reduced their price objective on Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Piper Sandler set a $33.00 price objective on Home BancShares and gave the company an “overweight” rating in a research note on Friday, April 17th. Finally, Keefe, Bruyette & Woods reduced their price objective on 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. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

Home BancShares Trading Down 0.8%

NYSE:HOMB opened at $25.65 on Friday. The firm has a market cap of $5.17 billion, a P/E ratio of 10.56 and a beta of 0.69. 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 stock’s 50 day simple moving average is $26.83 and its 200-day simple moving average is $27.80. Home BancShares, Inc. has a 12-month low of $25.50 and a 12-month high of $30.83.

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

Home BancShares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. Home BancShares’s payout ratio is presently 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.