Hsbc Holdings PLC Has $3.85 Million Position in Home BancShares, Inc. $HOMB

Hsbc Holdings PLC raised its position in Home BancShares, Inc. (NYSE:HOMB) by 78.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,969 shares of the financial services provider’s stock after purchasing an additional 62,945 shares during the quarter. Hsbc Holdings PLC’s holdings in Home BancShares were worth $3,853,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 period. Jane Street Group LLC boosted its position in Home BancShares by 82.7% during the 1st quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock worth $7,826,000 after buying an additional 125,301 shares during the period. Baird Financial Group Inc. boosted its position in Home BancShares by 13.2% during the 2nd quarter. Baird Financial Group Inc. now owns 21,500 shares of the financial services provider’s stock worth $612,000 after buying an additional 2,500 shares during the period. Marshall Wace LLP bought a new stake in Home BancShares during the 2nd quarter worth approximately $1,015,000. Finally, Jump Financial LLC bought a new stake in Home BancShares during the 2nd quarter worth approximately $230,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Home BancShares Price Performance

Shares of NYSE HOMB opened at $30.98 on Friday. Home BancShares, Inc. has a twelve month low of $25.50 and a twelve month high of $31.24. The firm has a fifty day simple moving average of $28.13 and a 200 day simple moving average of $27.91. The company has a market capitalization of $6.24 billion, a PE ratio of 12.80 and a beta of 0.68. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18.

Home BancShares (NYSE:HOMB) last released its earnings results on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $295.10 million for the quarter, compared to analyst estimates of $288.70 million. Home BancShares had a net margin of 32.10% and a return on equity of 11.25%. Home BancShares’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, sell-side analysts forecast that Home BancShares, Inc. will post 2.51 EPS for the current year.

Home BancShares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 12th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. This is a positive change from Home BancShares’s previous quarterly dividend of $0.21. Home BancShares’s dividend payout ratio (DPR) is presently 34.71%.

Wall Street Analyst Weigh In

HOMB has been the subject of several analyst reports. Wall Street Zen raised shares of Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of Home BancShares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Keefe, Bruyette & Woods boosted their price objective on shares of Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Friday, July 17th. Citigroup restated a “neutral” rating and issued a $32.00 price objective (up from $29.00) on shares of Home BancShares in a report on Tuesday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Home BancShares in a research report on Thursday, July 16th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.67.

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.