22,446 Shares in Home BancShares Inc. (HOMB) Acquired by Dynamic Technology Lab Private Ltd
Dynamic Technology Lab Private Ltd purchased a new stake in shares of Home BancShares Inc. (NASDAQ:HOMB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,446 shares of the financial services provider’s stock, valued at approximately $445,000.
A number of other institutional investors have also recently modified their holdings of HOMB. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Home BancShares by 2.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,268 shares of the financial services provider’s stock valued at $174,000 after buying an additional 113 shares during the last quarter. M&T Bank Corp increased its position in shares of Home BancShares by 2.8% in the first quarter. M&T Bank Corp now owns 5,419 shares of the financial services provider’s stock worth $222,000 after buying an additional 149 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Home BancShares by 8.8% in the second quarter. Glenmede Trust Co. NA now owns 12,242 shares of the financial services provider’s stock worth $241,000 after buying an additional 994 shares in the last quarter. Aperio Group LLC increased its position in shares of Home BancShares by 10.6% in the first quarter. Aperio Group LLC now owns 10,925 shares of the financial services provider’s stock worth $447,000 after buying an additional 1,050 shares in the last quarter. Finally, Menta Capital LLC increased its position in shares of Home BancShares by 9.4% in the first quarter. Menta Capital LLC now owns 12,800 shares of the financial services provider’s stock worth $524,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 58.73% of the company’s stock.
Shares of Home BancShares Inc. (NASDAQ:HOMB) traded up 0.63% during midday trading on Wednesday, hitting $22.49. 6,946 shares of the stock traded hands. The stock has a 50-day moving average of $22.21 and a 200-day moving average of $21.14. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 19.90 and a beta of 0.99. Home BancShares Inc. has a 52-week low of $16.93 and a 52-week high of $23.75.
Home BancShares (NASDAQ:HOMB) last issued its earnings results on Thursday, July 21st. The financial services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Home BancShares had a net margin of 32.13% and a return on equity of 13.43%. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, equities analysts predict that Home BancShares Inc. will post $1.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 10th were paid a dividend of $0.09 per share. The ex-dividend date was Monday, August 8th. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a yield of 1.61%. Home BancShares’s payout ratio is 31.72%.
A number of brokerages have commented on HOMB. Zacks Investment Research downgraded shares of Home BancShares from a “buy” rating to a “hold” rating in a research note on Tuesday. Sandler O’Neill downgraded shares of Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a research note on Tuesday, September 13th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.78.
In other Home BancShares news, insider Russell Davis Carter III sold 8,000 shares of Home BancShares stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $21.22, for a total transaction of $169,760.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tracy French sold 96,000 shares of Home BancShares stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $23.38, for a total transaction of $2,244,480.00. The disclosure for this sale can be found here. Company insiders own 15.02% of the company’s stock.
About Home BancShares
Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).
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