Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Home BancShares, Inc. (NASDAQ:HOMB) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,812 shares of the financial services provider’s stock after acquiring an additional 379 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Home BancShares were worth $120,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Home BancShares by 37,629.8% in the 1st quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock valued at $444,776,000 after acquiring an additional 16,387,044 shares during the period. Vanguard Group Inc. increased its holdings in shares of Home BancShares by 9.6% in the 1st quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock valued at $300,852,000 after acquiring an additional 973,217 shares during the period. State Street Corp increased its holdings in shares of Home BancShares by 4.9% in the 1st quarter. State Street Corp now owns 4,520,817 shares of the financial services provider’s stock valued at $122,383,000 after acquiring an additional 212,972 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Home BancShares by 21.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,198,720 shares of the financial services provider’s stock valued at $29,848,000 after acquiring an additional 208,180 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Home BancShares by 11.9% in the 1st quarter. Geode Capital Management LLC now owns 1,136,720 shares of the financial services provider’s stock valued at $30,771,000 after acquiring an additional 120,919 shares during the period. Institutional investors and hedge funds own 60.58% of the company’s stock.

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Home BancShares, Inc. (HOMB) opened at 23.45 on Friday. The company’s 50-day moving average price is $23.50 and its 200 day moving average price is $24.94. The stock has a market capitalization of $3.36 billion, a P/E ratio of 17.54 and a beta of 1.19. Home BancShares, Inc. has a 52 week low of $19.74 and a 52 week high of $29.69.

Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $131.77 million for the quarter, compared to analyst estimates 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 company posted $0.31 earnings per share. Equities research analysts expect that Home BancShares, Inc. will post $1.39 EPS for the current fiscal year.

The firm also recently announced 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 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Monday, August 14th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.09. Home BancShares’s dividend payout ratio is 32.84%.

In other Home BancShares news, insider Tracy French bought 3,100 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $23.54 per share, with a total value of $72,974.00. Following the completion of the acquisition, the insider now directly owns 102,268 shares of the company’s stock, valued at approximately $2,407,388.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John W. Allison bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was acquired at an average cost of $25.46 per share, for a total transaction of $381,900.00. Following the acquisition, 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 33,100 shares of company stock worth $825,074 in the last three months. 11.27% of the stock is currently owned by corporate insiders.

HOMB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $30.00 price target on shares of Home BancShares in a report on Friday, July 21st. ValuEngine upgraded Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Zacks Investment Research upgraded Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Tuesday, July 25th. Piper Jaffray Companies reiterated a “hold” rating and issued a $27.00 price target on shares of Home BancShares in a report on Friday, July 21st. Finally, Stephens reiterated an “overweight” rating and issued a $28.00 price target (down from $29.00) on shares of Home BancShares in a report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.58.

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).

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

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