Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 4,635 Shares of Home BancShares, Inc. (HOMB)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Home BancShares, Inc. (NASDAQ:HOMB) by 25.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,055 shares of the financial services provider’s stock after purchasing an additional 4,635 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Home BancShares were worth $581,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of HOMB. Russell Investments Group Ltd. lifted its holdings in shares of Home BancShares by 12.6% in the second quarter. Russell Investments Group Ltd. now owns 279,934 shares of the financial services provider’s stock valued at $6,970,000 after purchasing an additional 31,412 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of Home BancShares by 0.8% in the second quarter. Texas Permanent School Fund now owns 92,151 shares of the financial services provider’s stock valued at $2,295,000 after purchasing an additional 766 shares in the last quarter. Retirement Systems of Alabama bought a new position in shares of Home BancShares in the second quarter valued at approximately $4,052,000. TD Asset Management Inc. lifted its holdings in shares of 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 valued at $1,240,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in Home BancShares during the second quarter worth $438,000. Institutional investors own 63.46% of the company’s stock.
In other Home BancShares news, Director Jim Rankin bought 1,337 shares of Home BancShares stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average cost of $21.45 per share, for a total transaction of $28,678.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.27% of the stock is owned by insiders.
Shares of Home BancShares, Inc. (NASDAQ HOMB) opened at $22.61 on Friday. The company has a market capitalization of $3,950.39, a price-to-earnings ratio of 16.85 and a beta of 1.17. 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, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $29.69.
Home BancShares (NASDAQ:HOMB) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 net margin of 28.19% and a return on equity of 12.00%. During the same quarter in the previous year, the firm earned $0.33 earnings per share. analysts anticipate that Home BancShares, Inc. will post 1.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Tuesday, November 14th. Home BancShares’s dividend payout ratio (DPR) is presently 38.94%.
A number of brokerages recently commented on HOMB. Piper Jaffray Companies reiterated a “neutral” rating and set a $27.00 price target on shares of Home BancShares in a report on Thursday, October 5th. Zacks Investment Research upgraded Home BancShares from a “sell” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada reiterated a “hold” rating and set a $28.00 price target on shares of Home BancShares in a report on Friday, October 20th. ValuEngine lowered Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, BidaskClub lowered Home BancShares from a “hold” rating to a “sell” rating in a report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.79.
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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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