CIBC World Markets Inc. Purchases Shares of 13,611 Home BancShares, Inc. (HOMB)
CIBC World Markets Inc. purchased a new stake in Home BancShares, Inc. (NASDAQ:HOMB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,611 shares of the financial services provider’s stock, valued at approximately $339,000.
Several other hedge funds also recently modified their holdings of the stock. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Home BancShares by 44.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 36,002 shares of the financial services provider’s stock valued at $896,000 after buying an additional 11,010 shares during the period. Pier Capital LLC bought a new stake in shares of Home BancShares in the second quarter valued at approximately $5,664,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Home BancShares in the second quarter valued at approximately $459,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Home BancShares by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after buying an additional 379 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Home BancShares by 0.6% in the second quarter. Pacer Advisors Inc. now owns 17,158 shares of the financial services provider’s stock valued at $427,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 60.58% of the company’s stock.
Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Home BancShares from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub upgraded Home BancShares from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Piper Jaffray Companies reiterated a “hold” rating and issued a $27.00 price target on shares of Home BancShares in a research note on Friday, July 21st. Keefe, Bruyette & Woods restated a “buy” rating and set a $30.00 price objective on shares of Home BancShares in a research report on Friday, July 21st. Finally, ValuEngine upgraded shares of Home BancShares from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $28.58.
In other news, Chairman John W. Allison purchased 15,000 shares of the business’s stock in a transaction on Monday, July 24th. The stock was purchased at an average cost of $24.68 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tracy French purchased 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, with a total value of $72,974.00. Following the completion of the acquisition, the insider now owns 102,268 shares in the company, valued at $2,407,388.72. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 33,100 shares of company stock valued at $825,074. Insiders own 11.27% of the company’s stock.
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Home BancShares, Inc. (NASDAQ HOMB) opened at 23.51 on Friday. The firm’s 50-day moving average is $23.50 and its 200 day moving average is $24.94. Home BancShares, Inc. has a 12 month low of $19.74 and a 12 month high of $29.69. The firm has a market capitalization of $3.36 billion, a P/E ratio of 17.58 and a beta of 1.19.
Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. The firm had revenue of $131.77 million during the quarter, compared to the consensus estimate of $132.18 million. During the same period last year, the firm earned $0.31 EPS. On average, analysts expect that Home BancShares, Inc. will post $1.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.86%. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, August 14th. Home BancShares’s dividend payout ratio (DPR) is presently 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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