Cortina Asset Management LLC Reduces Stake in Home BancShares, Inc. (HOMB)
Cortina Asset Management LLC lowered its position in Home BancShares, Inc. (NASDAQ:HOMB) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 762,965 shares of the financial services provider’s stock after selling 7,534 shares during the period. Cortina Asset Management LLC owned 0.44% of Home BancShares worth $19,242,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in HOMB. Teachers Advisors LLC increased its holdings in Home BancShares by 2.5% in the first quarter. Teachers Advisors LLC now owns 204,987 shares of the financial services provider’s stock worth $5,549,000 after buying an additional 4,944 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Home BancShares by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 39,457 shares of the financial services provider’s stock worth $1,068,000 after buying an additional 5,505 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in Home BancShares in the second quarter worth approximately $119,000. LS Investment Advisors LLC increased its holdings in Home BancShares by 71.8% in the second quarter. LS Investment Advisors LLC now owns 12,659 shares of the financial services provider’s stock worth $315,000 after buying an additional 5,292 shares during the last quarter. Finally, State Treasurer State of Michigan acquired a new position in Home BancShares in the second quarter worth approximately $1,295,000. Hedge funds and other institutional investors own 54.95% of the company’s stock.
A number of equities analysts recently commented on the company. Piper Jaffray Companies restated a “neutral” rating and issued a $27.00 price objective on shares of Home BancShares in a report on Thursday, October 5th. Zacks Investment Research raised Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 target price on shares of Home BancShares in a research report on Friday, October 20th. ValuEngine cut Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Stephens reaffirmed an “overweight” rating and set a $28.00 target price (down previously from $29.00) on shares of Home BancShares in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Home BancShares has a consensus rating of “Hold” and an average price target of $27.79.
Home BancShares, Inc. (HOMB) traded up $0.18 on Monday, hitting $21.91. The stock had a trading volume of 521,900 shares, compared to its average volume of 870,195. Home BancShares, Inc. has a 12 month low of $20.82 and a 12 month high of $29.69. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $3,804.53, a PE ratio of 16.23 and a beta of 1.17.
Home BancShares (NASDAQ:HOMB) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $128.23 million during the quarter, compared to the consensus estimate of $135.55 million. Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. During the same period last year, the business earned $0.33 earnings per share. equities research analysts anticipate that Home BancShares, Inc. will post 1.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th will be given a $0.11 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.44 annualized dividend and a yield of 2.01%. Home BancShares’s dividend payout ratio (DPR) is currently 38.94%.
In other news, Director Jim Rankin bought 1,500 shares of Home BancShares stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $21.29 per share, with a total value of $31,935.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.27% of the stock is owned by company insiders.
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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