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).

Institutional Ownership by Quarter for Home BancShares (NASDAQ:HOMB)

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