Stephens Inc. AR Sells 28,849 Shares of Home BancShares, Inc. (HOMB)
Stephens Inc. AR trimmed its stake in shares of Home BancShares, Inc. (NASDAQ:HOMB) by 7.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 368,659 shares of the financial services provider’s stock after selling 28,849 shares during the quarter. Stephens Inc. AR owned about 0.26% of Home BancShares worth $9,180,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its position in Home BancShares by 37,629.8% during the 1st quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock worth $444,776,000 after acquiring an additional 16,387,044 shares during the period. Karp Capital Management Corp acquired a new stake in Home BancShares during the 1st quarter worth approximately $810,000. Fortaleza Asset Management Inc. lifted its position in Home BancShares by 84.7% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 8,667 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 3,975 shares during the period. TD Asset Management Inc. lifted its position in Home BancShares by 8.7% during the 2nd quarter. TD Asset Management Inc. now owns 49,800 shares of the financial services provider’s stock worth $1,240,000 after acquiring an additional 4,000 shares during the period. Finally, Stieven Capital Advisors L.P. acquired a new stake in Home BancShares during the 1st quarter worth approximately $2,707,000. 60.61% of the stock is owned by institutional investors.
In other news, insider Tracy French bought 3,100 shares of the business’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $23.54 per share, for a total transaction of $72,974.00. Following the completion of the transaction, the insider now directly owns 102,268 shares of the company’s stock, valued at approximately $2,407,388.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John W. Allison bought 15,000 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was purchased at an average price of $25.46 per share, with a total value of $381,900.00. Following the completion of the transaction, the chairman now directly owns 4,968,396 shares of the company’s stock, valued at $126,495,362.16. The disclosure for this purchase can be found here. Insiders purchased a total of 33,100 shares of company stock valued at $825,074 over the last three months. Corporate insiders own 11.27% of the company’s stock.
HOMB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised 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 raised Home BancShares from a “sell” rating to a “hold” rating in a report on Monday, June 26th. ValuEngine raised Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Piper Jaffray Companies reissued a “hold” rating and issued a $27.00 price target on shares of Home BancShares in a report on Friday, July 21st. Finally, BidaskClub cut Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Home BancShares has an average rating of “Hold” and a consensus price target of $28.70.
Home BancShares, Inc. (HOMB) traded up 1.89% during mid-day trading on Monday, hitting $22.11. The stock had a trading volume of 532,496 shares. Home BancShares, Inc. has a 12-month low of $19.74 and a 12-month high of $29.69. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 16.54 and a beta of 1.19. The company has a 50-day moving average of $23.98 and a 200-day moving average of $25.25.
Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. The business had revenue of $131.77 million during the quarter, compared to analyst estimates of $132.18 million. During the same period in the prior year, the company posted $0.31 EPS. On average, analysts anticipate that Home BancShares, Inc. will post $1.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.03%. This is a positive change from Home BancShares’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, August 14th. Home BancShares’s dividend payout ratio is 32.84%.
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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