Home BancShares, Inc. (NASDAQ:HOMB) Shares Sold by Capstone Asset Management Co.
Capstone Asset Management Co. lowered its position in Home BancShares, Inc. (NASDAQ:HOMB) by 49.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,188 shares of the financial services provider’s stock after selling 14,664 shares during the period. Capstone Asset Management Co.’s holdings in Home BancShares were worth $378,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in HOMB. LS Investment Advisors LLC increased its stake in 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 last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Home BancShares during the first quarter valued at about $204,000. Stifel Financial Corp increased its stake in shares of Home BancShares by 6.5% in the first quarter. Stifel Financial Corp now owns 7,930 shares of the financial services provider’s stock valued at $213,000 after buying an additional 485 shares in the last quarter. World Asset Management Inc increased its stake in shares of Home BancShares by 3.4% in the first quarter. World Asset Management Inc now owns 8,027 shares of the financial services provider’s stock valued at $217,000 after buying an additional 264 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of Home BancShares during the first quarter valued at about $218,000. Institutional investors and hedge funds own 60.51% of the company’s stock.
Shares of Home BancShares, Inc. (NASDAQ:HOMB) traded up 1.16% during mid-day trading on Tuesday, reaching $25.25. The company had a trading volume of 57,714 shares. Home BancShares, Inc. has a 52-week low of $19.74 and a 52-week high of $29.69. The company’s 50-day moving average is $24.89 and its 200 day moving average is $25.90. The stock has a market capitalization of $3.61 billion, a P/E ratio of 18.91 and a beta of 1.18.
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. The business had revenue of $131.77 million for the quarter, compared to the consensus estimate of $132.18 million. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. During the same quarter last year, the firm earned $0.31 EPS. Analysts anticipate that Home BancShares, Inc. will post $1.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.76%. The ex-dividend date is Monday, August 14th. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. Home BancShares’s dividend payout ratio (DPR) is 26.87%.
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Several analysts recently issued reports on HOMB shares. Keefe, Bruyette & Woods upgraded Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Monday, May 15th. Zacks Investment Research upgraded Home BancShares from a “sell” rating to a “hold” rating in a report on Monday, June 26th. Stephens reiterated a “buy” rating on shares of Home BancShares in a report on Thursday, April 20th. ValuEngine upgraded Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Finally, BidaskClub downgraded Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.70.
In other news, insider Tracy French bought 2,300 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were purchased at an average price of $23.79 per share, for a total transaction of $54,717.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman John W. Allison bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was purchased at an average price of $24.68 per share, for a total transaction of $370,200.00. Following the acquisition, the chairman now directly owns 4,953,896 shares in the company, valued at $122,262,153.28. The disclosure for this purchase can be found here. Insiders purchased a total of 32,300 shares of company stock worth $806,817 in the last quarter. Insiders own 11.27% 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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