Allspring Global Investments Holdings LLC Lowers Stock Holdings in Home BancShares, Inc. (NYSE:HOMB)

Allspring Global Investments Holdings LLC decreased its position in shares of Home BancShares, Inc. (NYSE:HOMB) by 3.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 371,259 shares of the financial services provider’s stock after selling 14,012 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.19% of Home BancShares worth $10,477,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in Home BancShares in the 4th quarter valued at $28,000. Nomura Asset Management Co. Ltd. increased its holdings in Home BancShares by 48.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 530 shares during the last quarter. GAMMA Investing LLC increased its holdings in Home BancShares by 60.8% in the 1st quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 995 shares during the last quarter. UMB Bank n.a. increased its holdings in Home BancShares by 32.4% in the 1st quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 647 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in Home BancShares in the 4th quarter valued at $85,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

HOMB has been the topic of several analyst reports. Royal Bank Of Canada reduced their price objective on Home BancShares from $33.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Monday, April 21st. Wall Street Zen upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Thursday, April 24th. Finally, Stephens reiterated an “overweight” rating and set a $33.00 price target on shares of Home BancShares in a report on Monday, April 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Home BancShares presently has an average rating of “Moderate Buy” and an average price target of $32.40.

Insider Activity at Home BancShares

In related news, CEO John Stephen Tipton sold 24,159 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $27.52, for a total transaction of $664,855.68. Following the completion of the sale, the chief executive officer owned 53,308 shares of the company’s stock, valued at $1,467,036.16. This represents a 31.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the sale, the chief accounting officer directly owned 4,301 shares of the company’s stock, valued at $118,062.45. The trade was a 36.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,787 shares of company stock valued at $937,840 over the last 90 days. Insiders own 6.30% of the company’s stock.

Home BancShares Price Performance

Shares of HOMB stock opened at $29.81 on Friday. The company’s 50-day simple moving average is $28.42 and its two-hundred day simple moving average is $28.50. Home BancShares, Inc. has a one year low of $23.23 and a one year high of $32.91. The company has a market capitalization of $5.89 billion, a P/E ratio of 14.20 and a beta of 0.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. Home BancShares had a net margin of 28.44% and a return on equity of 10.49%. The firm had revenue of $260.08 million during the quarter, compared to analysts’ expectations of $255.20 million. As a group, equities analysts anticipate that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were given a dividend of $0.20 per share. This is a boost from Home BancShares’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, May 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. Home BancShares’s dividend payout ratio is presently 38.10%.

About Home BancShares

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.