Ieq Capital LLC Invests $2.18 Million in Home BancShares, Inc. $HOMB

Ieq Capital LLC acquired a new stake in shares of Home BancShares, Inc. (NYSE:HOMB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 76,347 shares of the financial services provider’s stock, valued at approximately $2,180,000.

A number of other institutional investors have also made changes to their positions in HOMB. Police & Firemen s Retirement System of New Jersey boosted its position in Home BancShares by 0.8% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 52,582 shares of the financial services provider’s stock worth $1,461,000 after purchasing an additional 410 shares during the period. Quadrant Capital Group LLC raised its position in shares of Home BancShares by 4.3% in the third quarter. Quadrant Capital Group LLC now owns 10,360 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 425 shares during the period. Villanova Investment Management Co LLC raised its position in shares of Home BancShares by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 114,093 shares of the financial services provider’s stock valued at $3,170,000 after purchasing an additional 468 shares during the period. Root Financial Partners LLC lifted its stake in shares of Home BancShares by 76.9% in 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 last quarter. Finally, DRW Securities LLC lifted its stake in shares of Home BancShares by 2.8% in the fourth quarter. DRW Securities LLC now owns 19,495 shares of the financial services provider’s stock worth $542,000 after buying an additional 524 shares during the last quarter. 67.31% of the stock is owned by institutional investors.

Insider Activity at Home BancShares

In other news, CEO John Stephen Tipton sold 12,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $31.59, for a total transaction of $379,080.00. Following the transaction, the chief executive officer owned 76,308 shares of the company’s stock, valued at $2,410,569.72. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HOMB shares. Benchmark assumed coverage on shares of Home BancShares in a report on Wednesday, June 24th. They issued a “hold” rating on the stock. Piper Sandler reissued an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of Home BancShares in a research report on Friday, July 17th. Citigroup reaffirmed a “neutral” rating and issued a $32.00 price target (up from $29.00) on shares of Home BancShares in a research report on Tuesday, July 21st. Cantor Fitzgerald restated an “overweight” rating and issued a $31.00 price objective (up from $30.00) on shares of Home BancShares in a research note on Wednesday, August 19th. Finally, Stephens boosted their target price on shares of Home BancShares from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.83.

Home BancShares Trading Down 0.5%

Home BancShares stock opened at $29.89 on Wednesday. The business has a 50 day moving average price of $29.88 and a two-hundred day moving average price of $28.24. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. Home BancShares, Inc. has a 12 month low of $25.50 and a 12 month high of $31.70. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 12.35 and a beta of 0.69.

Home BancShares (NYSE:HOMB) last released its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Home BancShares had a return on equity of 11.12% and a net margin of 32.10%.The business had revenue of $295.10 million for the quarter, compared to analysts’ expectations of $288.70 million. During the same period in the previous year, the business posted $0.58 earnings per share. Home BancShares’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities analysts forecast that Home BancShares, Inc. will post 2.51 EPS for the current year.

Home BancShares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 12th will be issued a $0.23 dividend. This is an increase from Home BancShares’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, August 12th. Home BancShares’s dividend payout ratio (DPR) is 38.02%.

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.