Home BancShares, Inc. (HOMB) Shares Sold by Stephens Inc. AR
Stephens Inc. AR cut its stake in Home BancShares, Inc. (NASDAQ:HOMB) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 347,213 shares of the financial services provider’s stock after selling 21,446 shares during the period. Stephens Inc. AR owned about 0.20% of Home BancShares worth $8,757,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of Home BancShares by 53.2% in the second quarter. SG Americas Securities LLC now owns 42,159 shares of the financial services provider’s stock worth $1,050,000 after purchasing an additional 14,639 shares during the last quarter. Fortaleza Asset Management Inc. lifted its stake in Home BancShares by 84.7% in the second quarter. Fortaleza Asset Management Inc. now owns 8,667 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 3,975 shares during the period. TD Asset Management Inc. lifted its stake in Home BancShares by 8.7% in the second quarter. TD Asset Management Inc. now owns 49,800 shares of the financial services provider’s stock worth $1,240,000 after acquiring an additional 4,000 shares during the period. Retirement Systems of Alabama purchased a new stake in Home BancShares in the second quarter worth about $4,052,000. Finally, Ameritas Investment Partners Inc. lifted its stake in Home BancShares by 366.4% in the second quarter. Ameritas Investment Partners Inc. now owns 48,751 shares of the financial services provider’s stock worth $1,214,000 after acquiring an additional 38,298 shares during the period. Hedge funds and other institutional investors own 51.18% of the company’s stock.
A number of research firms recently weighed in on HOMB. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $27.00 price objective on shares of Home BancShares in a research note on Thursday, October 5th. Zacks Investment Research raised shares of Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Home BancShares in a research note on Friday, October 20th. ValuEngine lowered shares of Home BancShares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Stephens reaffirmed an “overweight” rating and issued a $28.00 price objective (down from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.79.
In other news, Director Jim Rankin purchased 1,337 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was acquired at an average cost of $21.45 per share, with a total value of $28,678.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.27% of the company’s stock.
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Home BancShares, Inc. (NASDAQ HOMB) traded up $0.18 during mid-day trading on Friday, hitting $21.91. 518,267 shares of the company’s stock traded hands, compared to its average volume of 1,246,370. The stock has a market capitalization of $3,804.54, a price-to-earnings ratio of 16.23 and a beta of 1.17. Home BancShares, Inc. has a 1-year low of $20.82 and a 1-year high of $29.69. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.64.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The firm had revenue of $128.23 million for the quarter, compared to analysts’ expectations of $135.55 million. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. During the same period in the previous year, the company posted $0.33 earnings per share. sell-side analysts expect that Home BancShares, Inc. will post 1.36 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Tuesday, November 14th. Home BancShares’s payout ratio is 38.94%.
Home BancShares Company 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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