Y Intercept Hong Kong Ltd Sells 27,372 Shares of Home BancShares, Inc. $HOMB

Y Intercept Hong Kong Ltd lowered its holdings in Home BancShares, Inc. (NYSE:HOMB) by 32.0% in the 1st quarter, HoldingsChannel reports. The firm owned 58,070 shares of the financial services provider’s stock after selling 27,372 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Home BancShares were worth $1,564,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC increased its holdings in Home BancShares by 164.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider’s stock valued at $30,000 after buying an additional 674 shares during the period. Root Financial Partners LLC lifted its holdings in Home BancShares by 76.9% during the first quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock worth $29,000 after buying an additional 474 shares during the period. Kestra Advisory Services LLC purchased a new stake in Home BancShares during the fourth quarter worth $36,000. Covestor Ltd boosted its position in Home BancShares by 110.6% during the 4th quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 697 shares in the last quarter. Finally, Binnacle Investments Inc boosted its position in Home BancShares by 76.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HOMB shares. Stephens reduced their price target on Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Keefe, Bruyette & Woods dropped their price objective on Home BancShares from $32.00 to $30.00 and set a “market perform” rating on the stock in a research report on Monday, April 20th. Zacks Research lowered Home BancShares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen downgraded shares of Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Finally, Weiss Ratings lowered shares of Home BancShares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Home BancShares has a consensus rating of “Hold” and a consensus target price of $31.20.

Home BancShares Price Performance

NYSE HOMB opened at $28.63 on Friday. The firm’s fifty day simple moving average is $27.34 and its two-hundred day simple moving average is $27.76. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. Home BancShares, Inc. has a 12-month low of $25.50 and a 12-month high of $30.83. The firm has a market capitalization of $5.77 billion, a P/E ratio of 11.78 and a beta of 0.68.

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

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, May 13th. Home BancShares’s dividend payout ratio is currently 34.57%.

Insider Activity

In other Home BancShares news, CAO Jennifer C. Floyd sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $27.11, for a total value of $81,330.00. Following the completion of the sale, the chief accounting officer owned 4,635 shares of the company’s stock, valued at approximately $125,654.85. This trade represents a 39.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Allison purchased 100,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were acquired at an average price of $26.96 per share, for a total transaction of $2,696,000.00. Following the purchase, the chief executive officer directly owned 5,798,926 shares of the company’s stock, valued at approximately $156,339,044.96. The trade was a 1.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 6.39% of the company’s stock.

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.