Wells Fargo & Company MN Sells 91,336 Shares of Home Bancshares Inc (HOMB)

Wells Fargo & Company MN reduced its stake in Home Bancshares Inc (NASDAQ:HOMB) by 37.1% during the fourth quarter, Holdings Channel reports. The fund owned 155,165 shares of the financial services provider’s stock after selling 91,336 shares during the period. Wells Fargo & Company MN’s holdings in Home Bancshares were worth $3,607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. grew its stake in shares of Home Bancshares by 144.7% in the third quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 4,163 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Home Bancshares by 43.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,794 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 2,354 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Home Bancshares during the third quarter valued at $201,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Home Bancshares by 71.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,301 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 4,283 shares in the last quarter. Finally, Wolverine Trading LLC bought a new position in shares of Home Bancshares during the third quarter valued at $276,000. 64.94% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

In other Home Bancshares news, Director Richard H. Ashley sold 300,000 shares of the stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $25.01, for a total value of $7,503,000.00. Following the transaction, the director now owns 145,354 shares of the company’s stock, valued at $3,635,303.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.15% of the stock is currently owned by corporate insiders.

HOMB stock opened at $22.60 on Friday. Home Bancshares Inc has a fifty-two week low of $20.82 and a fifty-two week high of $26.53. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $4,031.81, a price-to-earnings ratio of 17.18 and a beta of 1.11.

Home Bancshares (NASDAQ:HOMB) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.35 earnings per share 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 for the quarter, compared to the consensus estimate of $165.40 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. Home Bancshares’s revenue was up 28.4% on a year-over-year basis. equities analysts predict that Home Bancshares Inc will post 1.75 earnings per share for the current year.

Home Bancshares declared that its board has authorized a share repurchase plan on Thursday, February 22nd that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

A number of brokerages have recently issued reports on HOMB. Sandler O’Neill set a $25.00 price target on Home Bancshares and gave the company a “hold” rating in a report on Wednesday, March 28th. Zacks Investment Research downgraded Home Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Piper Jaffray raised Home Bancshares from a “neutral” rating to an “overweight” rating and set a $28.00 price target on the stock in a report on Thursday, March 1st. BidaskClub raised Home Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $30.00 price target on shares of Home Bancshares in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $27.64.

ILLEGAL ACTIVITY NOTICE: This news story was posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.tickerreport.com/banking-finance/3337930/wells-fargo-company-mn-sells-91336-shares-of-home-bancshares-inc-homb.html.

Home Bancshares Company Profile

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.

Want to see what other hedge funds are holding HOMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Bancshares Inc (NASDAQ:HOMB).

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

Receive News & Ratings for Home Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Zacks: Brokerages Anticipate KemPharm  to Post -$0.70 Earnings Per Share
Zacks: Brokerages Anticipate KemPharm to Post -$0.70 Earnings Per Share
Brokerages Expect Tallgrass Energy GP  to Announce $0.23 Earnings Per Share
Brokerages Expect Tallgrass Energy GP to Announce $0.23 Earnings Per Share
Delaware Enhanced Global  Receives Coverage Optimism Score of 0.17
Delaware Enhanced Global Receives Coverage Optimism Score of 0.17
PayPal  PT Raised to $75.00
PayPal PT Raised to $75.00
Check Point Software Technologies  PT Lowered to $117.00
Check Point Software Technologies PT Lowered to $117.00
Village Super Market  & Sprouts Farmers Market  Critical Survey
Village Super Market & Sprouts Farmers Market Critical Survey


© 2006-2018 Ticker Report. Google+.