Jefferies Group LLC Takes Position in Home Bancshares Inc (HOMB)

Jefferies Group LLC bought a new position in Home Bancshares Inc (NASDAQ:HOMB) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 17,000 shares of the financial services provider’s stock, valued at approximately $395,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Horrell Capital Management Inc. increased its stake in shares of Home Bancshares by 2.0% in the 4th quarter. Horrell Capital Management Inc. now owns 114,564 shares of the financial services provider’s stock worth $2,664,000 after acquiring an additional 2,284 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Home Bancshares by 43.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,794 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 2,354 shares during the last quarter. Amalgamated Bank increased its position in shares of Home Bancshares by 14.4% during the 3rd quarter. Amalgamated Bank now owns 21,239 shares of the financial services provider’s stock worth $536,000 after purchasing an additional 2,666 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Home Bancshares by 0.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 587,283 shares of the financial services provider’s stock worth $13,654,000 after purchasing an additional 2,683 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Home Bancshares by 28.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 12,933 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 2,851 shares during the last quarter. 64.94% of the stock is owned by institutional investors and hedge funds.

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In related news, Director Richard H. Ashley sold 300,000 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $25.01, for a total transaction of $7,503,000.00. Following the completion of the transaction, the director now directly owns 145,354 shares in the company, valued at approximately $3,635,303.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.15% of the company’s stock.

A number of brokerages recently issued reports on HOMB. Zacks Investment Research raised Home Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Piper Jaffray Companies reissued a “hold” rating and set a $26.00 price objective on shares of Home Bancshares in a research report on Tuesday, January 9th. BidaskClub raised Home Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $30.00 price objective on shares of Home Bancshares in a research report on Friday, December 22nd. Finally, Sandler O’Neill set a $26.00 price objective on Home Bancshares and gave the stock a “hold” rating in a research report on Thursday, January 4th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Home Bancshares presently has an average rating of “Hold” and an average target price of $27.79.

Shares of HOMB stock opened at $22.34 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $4,031.81, a PE ratio of 17.18 and a beta of 1.15. Home Bancshares Inc has a 52-week low of $20.82 and a 52-week high of $27.75.

Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Home Bancshares had a return on equity of 11.18% and a net margin of 21.79%. The company had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $165.40 million. During the same period last year, the business posted $0.35 EPS. Home Bancshares’s revenue for the quarter was up 28.4% on a year-over-year basis. analysts predict that Home Bancshares Inc will post 1.74 earnings per share for the current fiscal year.

Home Bancshares declared that its Board of Directors has approved a share repurchase plan on Thursday, February 22nd that permits the company to buyback 5,000,000 shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Investors of record on Wednesday, February 14th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares’s dividend payout ratio (DPR) is 48.35%.

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About Home Bancshares

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, and money market accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Home Bancshares (NASDAQ:HOMB)

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