Home BancShares, Inc. (HOMB) Shares Sold by Westwood Holdings Group Inc.
Westwood Holdings Group Inc. cut its stake in Home BancShares, Inc. (NASDAQ:HOMB) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,202,063 shares of the financial services provider’s stock after selling 106,140 shares during the period. Westwood Holdings Group Inc. owned approximately 0.84% of Home BancShares worth $29,873,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund acquired a new stake in shares of Home BancShares in the second quarter worth approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 worth $120,000 after acquiring an additional 379 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Home BancShares by 11.7% in the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 554 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Home BancShares in the first quarter worth approximately $204,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Home BancShares in the second quarter worth approximately $212,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Tracy French purchased 3,100 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $23.54 per share, with a total value of $72,974.00. Following the purchase, the insider now owns 102,268 shares in the company, valued at approximately $2,407,388.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John W. Allison purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was purchased at an average cost of $25.46 per share, with a total value of $381,900.00. Following the purchase, the chairman now owns 4,968,396 shares in the company, valued at approximately $126,495,362.16. The disclosure for this purchase can be found here. In the last three months, insiders purchased 33,100 shares of company stock valued at $825,074. 11.27% of the stock is currently owned by company insiders.
Home BancShares, Inc. (HOMB) traded up 0.16% during midday trading on Friday, hitting $25.68. 125,035 shares of the company traded hands. The stock has a 50 day moving average price of $23.84 and a 200-day moving average price of $24.64. The company has a market cap of $3.67 billion, a PE ratio of 19.21 and a beta of 1.19. Home BancShares, Inc. has a 12-month low of $19.81 and a 12-month high of $29.69.
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. The business had revenue of $131.77 million during the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.31 EPS. Analysts expect that Home BancShares, Inc. will post $1.38 EPS for the current year.
Several research firms recently issued reports on HOMB. ValuEngine cut shares of Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Piper Jaffray Companies reissued a “neutral” rating and issued a $27.00 target price on shares of Home BancShares in a research report on Thursday, October 5th. Zacks Investment Research cut shares of Home BancShares from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. BidaskClub cut shares of Home BancShares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $30.00 target price on shares of Home BancShares in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Home BancShares has a consensus rating of “Hold” and an average target price of $28.58.
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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