Home BancShares, Inc. (NASDAQ:HOMB) Stake Held by Strs Ohio
Strs Ohio continued to hold its position in shares of Home BancShares, Inc. (NASDAQ:HOMB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,100 shares of the financial services provider’s stock at the end of the second quarter. Strs Ohio’s holdings in Home BancShares were worth $5,106,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. LS Investment Advisors LLC boosted its position in shares of Home BancShares by 58.7% in the first quarter. LS Investment Advisors LLC now owns 7,367 shares of the financial services provider’s stock worth $199,000 after buying an additional 2,725 shares during the period. Comerica Bank boosted its position in shares of Home BancShares by 5.6% in the first quarter. Comerica Bank now owns 140,489 shares of the financial services provider’s stock worth $3,695,000 after buying an additional 7,408 shares during the period. US Bancorp DE boosted its position in shares of Home BancShares by 2.2% in the first quarter. US Bancorp DE now owns 46,932 shares of the financial services provider’s stock worth $1,271,000 after buying an additional 1,028 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Home BancShares during the first quarter worth about $446,000. Finally, First Trust Advisors LP boosted its position in shares of Home BancShares by 45.6% in the first quarter. First Trust Advisors LP now owns 390,455 shares of the financial services provider’s stock worth $10,570,000 after buying an additional 122,318 shares during the period. 60.51% of the stock is owned by institutional investors.
Home BancShares, Inc. (HOMB) opened at 24.94 on Monday. Home BancShares, Inc. has a one year low of $19.74 and a one year high of $29.69. The stock has a market capitalization of $3.57 billion, a PE ratio of 18.68 and a beta of 1.18. The firm has a 50-day moving average of $24.89 and a 200 day moving average of $25.90.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. The business had revenue of $131.77 million for the quarter, compared to analysts’ expectations of $132.18 million. During the same period last year, the business earned $0.31 EPS. On average, equities research analysts anticipate that Home BancShares, Inc. will post $1.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th will be issued a $0.11 dividend. This is a boost from Home BancShares’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, August 14th. Home BancShares’s dividend payout ratio (DPR) is currently 26.87%.
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A number of brokerages recently issued reports on HOMB. Zacks Investment Research raised shares of Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday, July 25th. BidaskClub raised shares of Home BancShares from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Merion Capital Group reissued a “neutral” rating and set a $28.50 price target on shares of Home BancShares in a research report on Monday, April 24th. Stephens reissued a “buy” rating on shares of Home BancShares in a research report on Thursday, April 20th. Finally, ValuEngine raised shares of Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $28.70.
In other news, Chairman John W. Allison purchased 15,000 shares of the stock in a transaction dated Wednesday, July 26th. The shares were acquired at an average cost of $25.46 per share, for a total transaction of $381,900.00. Following the acquisition, the chairman now owns 4,968,396 shares of the company’s stock, valued at $126,495,362.16. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Tracy French purchased 2,300 shares of the stock in a transaction dated Friday, May 12th. The stock was purchased at an average price of $23.79 per share, for a total transaction of $54,717.00. The disclosure for this purchase can be found here. Insiders bought a total of 32,300 shares of company stock worth $806,817 over the last 90 days. Company insiders own 11.27% of the company’s stock.
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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