Strs Ohio Has $2,752,000 Position in Home BancShares Inc. (HOMB)
Strs Ohio boosted its position in shares of Home BancShares Inc. (NASDAQ:HOMB) by 2,298.3% during the second quarter, Holdings Channel reports. The fund owned 139,100 shares of the financial services provider’s stock after buying an additional 133,300 shares during the period. Strs Ohio’s holdings in Home BancShares were worth $2,752,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in HOMB. BlackRock Group LTD increased its stake in shares of Home BancShares by 11.1% in the first quarter. BlackRock Group LTD now owns 83,274 shares of the financial services provider’s stock worth $3,410,000 after buying an additional 8,327 shares during the period. Ngam Advisors L.P. bought a new stake in shares of Home BancShares during the first quarter worth about $4,232,000. Menta Capital LLC increased its stake 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 during the period. Bessemer Group Inc. bought a new stake in shares of Home BancShares during the first quarter worth about $164,000. Finally, Aperio Group LLC increased its stake 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 during the period. Institutional investors own 58.69% of the company’s stock.
Home BancShares Inc. (NASDAQ:HOMB) traded down 0.19% during trading on Friday, reaching $20.72. The company’s stock had a trading volume of 497,639 shares. The company has a market capitalization of $2.91 billion, a P/E ratio of 18.34 and a beta of 0.96. The company’s 50-day moving average is $22.13 and its 200-day moving average is $21.18. Home BancShares Inc. has a 1-year low of $16.93 and a 1-year high of $23.75.
Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, July 21st. The financial services provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. Home BancShares had a return on equity of 13.43% and a net margin of 32.13%. During the same quarter in the prior year, the business earned $0.50 EPS. Equities analysts anticipate that Home BancShares Inc. will post $1.23 EPS for the current year.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Home BancShares from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Monday, July 25th. Sandler O’Neill downgraded Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a research report on Tuesday, September 13th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.78.
In other news, insider Tracy French sold 96,000 shares of the company’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $23.38, for a total value of $2,244,480.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian Davis sold 14,888 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $23.15, for a total value of $344,657.20. 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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