Home BancShares Inc. (HOMB) Shares Bought by Alps Advisors Inc.
Alps Advisors Inc. boosted its position in Home BancShares Inc. (NASDAQ:HOMB) by 86.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,388 shares of the financial services provider’s stock after buying an additional 8,982 shares during the period. Alps Advisors Inc.’s holdings in Home BancShares were worth $384,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOMB. Delta Asset Management LLC TN increased its position in Home BancShares by 100.0% in the second quarter. Delta Asset Management LLC TN now owns 6,244 shares of the financial services provider’s stock worth $124,000 after buying an additional 3,122 shares in the last quarter. Bank of Montreal Can purchased a new position in Home BancShares during the second quarter worth approximately $133,000. BlackRock Inc. increased its position in Home BancShares by 130.7% in the first quarter. BlackRock Inc. now owns 3,745 shares of the financial services provider’s stock worth $153,000 after buying an additional 2,122 shares in the last quarter. Bessemer Group Inc. purchased a new position in Home BancShares during the first quarter worth approximately $164,000. Finally, M&T Bank Corp increased its position in 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. 58.69% of the stock is currently owned by institutional investors.
Home BancShares Inc. (NASDAQ:HOMB) traded down 1.15% during mid-day trading on Tuesday, reaching $20.56. The company had a trading volume of 676,347 shares. Home BancShares Inc. has a 52-week low of $16.93 and a 52-week high of $23.75. The company’s 50 day moving average is $22.10 and its 200 day moving average is $21.19. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 18.19 and a beta of 0.96.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data 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 return on equity of 13.43% and a net margin of 32.13%. During the same period last year, the firm earned $0.50 EPS. Equities analysts predict that Home BancShares Inc. will post $1.23 earnings per share for the current year.
A number of research firms have commented on HOMB. Zacks Investment Research raised Home BancShares from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Monday, July 25th. Sandler O’Neill downgraded Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a report 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 stock currently has a consensus rating of “Hold” and an average target price of $22.78.
In related news, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Russell Davis Carter III sold 8,000 shares of Home BancShares stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $21.22, for a total value of $169,760.00. The disclosure for this sale can be found here. 15.02% of the stock is owned by insiders.
Home BancShares Company Profile
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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