Mitsubishi UFJ Trust & Banking Corp Sells 31,057 Shares of Home BancShares, Inc. $HOMB

Mitsubishi UFJ Trust & Banking Corp reduced its stake in Home BancShares, Inc. (NYSE:HOMB) by 34.5% during the 4th quarter, Holdings Channel reports. The firm owned 58,849 shares of the financial services provider’s stock after selling 31,057 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Home BancShares were worth $1,635,000 at the end of the most recent quarter.

Several other hedge funds and 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 lifted its holdings in Home BancShares by 3.6% during 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 worth $12,453,000 after acquiring an additional 15,259 shares in the last quarter. Jane Street Group LLC lifted its holdings in Home BancShares by 82.7% during the first quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock worth $7,826,000 after acquiring an additional 125,301 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Home BancShares by 13.2% during the second quarter. Baird Financial Group Inc. now owns 21,500 shares of the financial services provider’s stock worth $612,000 after acquiring an additional 2,500 shares in the last quarter. Marshall Wace LLP bought a new position in Home BancShares during the second quarter worth about $1,015,000. Finally, Jump Financial LLC bought a new position in Home BancShares during the second quarter worth about $230,000. 67.31% of the stock is currently owned by institutional investors.

Home BancShares Stock Performance

HOMB opened at $26.53 on Tuesday. The business’s 50-day moving average price is $27.18 and its two-hundred day moving average price is $27.86. Home BancShares, Inc. has a 1 year low of $25.67 and a 1 year high of $30.83. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 10.92 and a beta of 0.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.91.

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

Home BancShares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be given 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 3.2%. Home BancShares’s payout ratio is currently 34.57%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HOMB. Keefe, Bruyette & Woods reduced their target price on Home BancShares from $32.00 to $30.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. Cantor Fitzgerald reduced their target price on Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Piper Sandler set a $33.00 price target on Home BancShares and gave the company an “overweight” rating in a research note on Friday, April 17th. Wall Street Zen downgraded Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Finally, Stephens dropped their price target on Home BancShares from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Home BancShares has a consensus rating of “Moderate Buy” and an average price target of $31.40.

Insider Activity at Home BancShares

In related news, CEO John W. Allison bought 100,000 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were acquired at an average price of $26.96 per share, with a total value of $2,696,000.00. Following the completion of the transaction, the chief executive officer owned 5,798,926 shares in the company, valued at $156,339,044.96. The trade was a 1.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John W. Allison II sold 5,000 shares of Home BancShares stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $28.19, for a total value of $140,950.00. Following the completion of the sale, the director directly owned 651,995 shares in the company, valued at approximately $18,379,739.05. This represents a 0.76% decrease in their position. The SEC filing for this sale provides additional information. 6.39% of the stock is owned by company insiders.

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.