State Board of Administration of Florida Retirement System decreased its position in Home BancShares, Inc. (NASDAQ:HOMB) by 0.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,472 shares of the financial services provider’s stock after selling 131 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.05% of Home BancShares worth $1,904,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can grew its stake in shares of Home BancShares by 7.1% in the first quarter. Bank of Montreal Can now owns 12,009 shares of the financial services provider’s stock worth $325,000 after acquiring an additional 797 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Home BancShares by 8.4% in the first quarter. Great West Life Assurance Co. Can now owns 176,244 shares of the financial services provider’s stock worth $4,768,000 after acquiring an additional 13,653 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Home BancShares by 45.6% in the first quarter. First Trust Advisors LP now owns 390,455 shares of the financial services provider’s stock worth $10,570,000 after acquiring an additional 122,318 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Home BancShares in the first quarter worth $446,000. Finally, US Bancorp DE grew its stake in shares of Home BancShares by 2.2% in the first quarter. US Bancorp DE now owns 46,932 shares of the financial services provider’s stock worth $1,271,000 after acquiring an additional 1,028 shares in the last quarter. 60.61% of the stock is currently owned by institutional investors.
Home BancShares, Inc. (HOMB) opened at 22.44 on Wednesday. The firm has a 50 day moving average of $23.94 and a 200 day moving average of $25.21. Home BancShares, Inc. has a 1-year low of $19.74 and a 1-year high of $29.69. The firm has a market cap of $3.21 billion, a P/E ratio of 16.78 and a beta of 1.19.
Home BancShares (NASDAQ:HOMB) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. The business had revenue of $131.77 million for the quarter, compared to the consensus estimate of $132.18 million. During the same quarter last year, the firm posted $0.31 EPS. On average, equities research analysts expect that Home BancShares, Inc. will post $1.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Monday, August 14th. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. Home BancShares’s dividend payout ratio (DPR) is currently 32.84%.
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HOMB has been the subject of several research reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $30.00 price target on shares of Home BancShares in a research note on Friday, July 21st. ValuEngine upgraded shares of Home BancShares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Zacks Investment Research upgraded shares of Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, July 25th. Piper Jaffray Companies restated a “hold” rating and issued a $27.00 price target on shares of Home BancShares in a research note on Friday, July 21st. Finally, Stephens restated an “overweight” rating and issued a $28.00 price target (down previously from $29.00) on shares of Home BancShares in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Home BancShares currently has a consensus rating of “Hold” and an average price target of $28.58.
In other news, Chairman John W. Allison purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was acquired at an average cost of $25.46 per share, with a total value of $381,900.00. Following the acquisition, the chairman now owns 4,968,396 shares in the company, valued at $126,495,362.16. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Tracy French purchased 3,100 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $23.54 per share, with a total value of $72,974.00. Following the completion of the acquisition, the insider now owns 102,268 shares in the company, valued at approximately $2,407,388.72. The disclosure for this purchase can be found here. In the last three months, insiders bought 33,100 shares of company stock worth $825,074. Insiders own 11.27% of the company’s stock.
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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