Home Bancshares Inc (HOMB) Holdings Reduced by Rothschild & Co. Asset Management US Inc.

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Rothschild & Co. Asset Management US Inc. reduced its position in Home Bancshares Inc (NASDAQ:HOMB) by 6.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 556,583 shares of the financial services provider’s stock after selling 41,346 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Home Bancshares were worth $9,779,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. grew its stake in shares of Home Bancshares by 0.4% during the 1st quarter. Horrell Capital Management Inc. now owns 124,668 shares of the financial services provider’s stock valued at $2,190,000 after buying an additional 552 shares during the period. Bessemer Group Inc. grew its stake in shares of Home Bancshares by 22.7% during the 4th quarter. Bessemer Group Inc. now owns 3,650 shares of the financial services provider’s stock valued at $60,000 after buying an additional 675 shares during the period. Advisor Group Inc. grew its stake in shares of Home Bancshares by 13.9% during the 4th quarter. Advisor Group Inc. now owns 8,956 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,096 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Home Bancshares by 5.1% during the 1st quarter. State of Alaska Department of Revenue now owns 23,167 shares of the financial services provider’s stock valued at $407,000 after buying an additional 1,119 shares during the period. Finally, Raymond James & Associates grew its stake in shares of Home Bancshares by 4.7% during the 4th quarter. Raymond James & Associates now owns 27,891 shares of the financial services provider’s stock valued at $456,000 after buying an additional 1,260 shares during the period. 66.51% of the stock is owned by hedge funds and other institutional investors.

Shares of Home Bancshares stock opened at $18.25 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.01 and a quick ratio of 1.01. Home Bancshares Inc has a twelve month low of $15.35 and a twelve month high of $24.56. The firm has a market cap of $3.07 billion, a P/E ratio of 10.43 and a beta of 1.16.

Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Home Bancshares had a net margin of 37.12% and a return on equity of 12.95%. The firm had revenue of $163.14 million during the quarter, compared to analysts’ expectations of $163.93 million. During the same period in the prior year, the company earned $0.42 EPS. As a group, sell-side analysts expect that Home Bancshares Inc will post 1.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.85%. This is a boost from Home Bancshares’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, May 14th. Home Bancshares’s dividend payout ratio is 29.71%.

Several brokerages have recently issued reports on HOMB. Zacks Investment Research cut shares of Home Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. BidaskClub cut shares of Home Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Stephens set a $22.00 price objective on shares of Home Bancshares and gave the company a “buy” rating in a research note on Monday, April 22nd. ValuEngine raised shares of Home Bancshares from a “strong sell” rating to a “sell” rating in a research note on Friday, April 19th. Finally, Piper Jaffray Companies set a $23.00 price objective on shares of Home Bancshares and gave the company a “buy” rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $23.60.

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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, demand, 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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