Laurion Capital Management LP bought a new position in shares of Home BancShares, Inc. (NASDAQ:HOMB) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 52,900 shares of the financial services provider’s stock, valued at approximately $1,317,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Miles Capital Inc. increased its stake in shares of Home BancShares by 0.4% during the first quarter. Miles Capital Inc. now owns 8,771 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 31 shares during the period. Alps Advisors Inc. increased its stake in shares of Home BancShares by 0.3% during the second quarter. Alps Advisors Inc. now owns 17,068 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 44 shares during the period. Pacer Advisors Inc. increased its stake in shares of Home BancShares by 0.6% during the second quarter. Pacer Advisors Inc. now owns 17,158 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 100 shares during the period. World Asset Management Inc increased its stake in shares of Home BancShares by 3.4% during the first quarter. World Asset Management Inc now owns 8,027 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 264 shares during the period. Finally, First Heartland Consultants Inc. increased its stake in shares of Home BancShares by 3.0% during the first quarter. First Heartland Consultants Inc. now owns 11,532 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 335 shares during the period. Institutional investors own 60.58% of the company’s stock.

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Home BancShares, Inc. (HOMB) opened at 23.45 on Friday. The firm’s 50-day moving average price is $23.50 and its 200-day moving average price is $24.94. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 17.54 and a beta of 1.19. Home BancShares, Inc. has a 1-year low of $19.74 and a 1-year high of $29.69.

Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $131.77 million for the quarter, compared to the consensus estimate of $132.18 million. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. During the same quarter in the prior year, the business posted $0.31 earnings per share. Equities research analysts forecast that Home BancShares, Inc. will post $1.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.88%. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. Home BancShares’s dividend payout ratio is currently 32.84%.

A number of brokerages have recently weighed in on HOMB. Zacks Investment Research lowered Home BancShares from a “hold” rating to a “sell” rating in a research note on Wednesday. Stephens reiterated an “overweight” rating and set a $28.00 target price (down previously from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. ValuEngine lowered Home BancShares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Piper Jaffray Companies reiterated a “hold” rating and set a $27.00 target price on shares of Home BancShares in a research note on Friday, July 21st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 target price on shares of Home BancShares in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $28.58.

In related news, Chairman John W. Allison bought 15,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were purchased at an average price of $25.46 per share, for a total transaction of $381,900.00. Following the completion of the transaction, the chairman now directly owns 4,968,396 shares in the company, valued at approximately $126,495,362.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Tracy French bought 3,100 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $23.54 per share, for a total transaction of $72,974.00. Following the transaction, the insider now owns 102,268 shares of the company’s stock, valued at $2,407,388.72. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 33,100 shares of company stock worth $825,074. Company insiders own 11.27% of the company’s stock.

Home BancShares 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).

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

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