Hsbc Holdings PLC Makes New $227,000 Investment in Home BancShares, Inc. $HOMB

Hsbc Holdings PLC acquired a new position in shares of Home BancShares, Inc. (NYSE:HOMB) in the 1st quarter, Holdings Channel.com reports. The firm acquired 8,042 shares of the financial services provider’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in shares of Home BancShares in the 1st quarter valued at about $64,000. GAMMA Investing LLC increased its stake in shares of 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 stake in shares of 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. Fifth Third Bancorp increased its stake in shares of Home BancShares by 60.5% in the 1st quarter. Fifth Third Bancorp now owns 3,468 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 1,307 shares during the last quarter. Finally, Hohimer Wealth Management LLC bought a new stake in shares of Home BancShares in the 1st quarter valued at about $203,000. 67.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Home BancShares

In related news, CEO John Stephen Tipton sold 24,159 shares of the firm’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $27.52, for a total value of $664,855.68. Following the completion of the transaction, the chief executive officer directly owned 53,308 shares of the company’s stock, valued at approximately $1,467,036.16. This trade represents a 31.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Allison sold 110,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total transaction of $3,302,200.00. Following the completion of the transaction, the chief executive officer directly owned 5,540,776 shares of the company’s stock, valued at $166,334,095.52. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HOMB has been the subject of several research analyst reports. Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Piper Sandler boosted their price objective on Home BancShares from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.20.

Home BancShares Price Performance

Shares of HOMB opened at $29.82 on Friday. The stock has a market capitalization of $5.88 billion, a P/E ratio of 13.62 and a beta of 0.81. Home BancShares, Inc. has a twelve month low of $24.22 and a twelve month high of $32.90. The company has a 50 day moving average of $29.04 and a 200-day moving average of $28.39. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $271.03 million during the quarter, compared to analysts’ expectations of $262.56 million. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. As a group, equities research analysts forecast that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 13th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. Home BancShares’s dividend payout ratio (DPR) is currently 36.53%.

Home BancShares Company Profile

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.