Ameritas Investment Partners Inc. lifted its stake in Home BancShares, Inc. (NASDAQ:HOMB) by 366.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,751 shares of the financial services provider’s stock after buying an additional 38,298 shares during the period. Ameritas Investment Partners Inc.’s holdings in Home BancShares were worth $1,214,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its holdings in Home BancShares by 28.8% in the first quarter. UBS Asset Management Americas Inc. now owns 68,052 shares of the financial services provider’s stock valued at $1,842,000 after purchasing an additional 15,204 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Home BancShares by 17.7% in the first quarter. Parametric Portfolio Associates LLC now owns 114,336 shares of the financial services provider’s stock valued at $3,095,000 after purchasing an additional 17,192 shares during the last quarter. Stifel Financial Corp boosted its holdings in Home BancShares by 6.5% in the first quarter. Stifel Financial Corp now owns 7,930 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 485 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Home BancShares by 56.9% in the first quarter. OppenheimerFunds Inc. now owns 16,265 shares of the financial services provider’s stock valued at $440,000 after purchasing an additional 5,896 shares during the last quarter. Finally, FMR LLC boosted its holdings in Home BancShares by 0.5% in the first quarter. FMR LLC now owns 940,700 shares of the financial services provider’s stock valued at $25,465,000 after purchasing an additional 4,900 shares during the last quarter. 49.84% of the stock is owned by institutional investors.
In other news, insider Tracy French purchased 3,100 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $23.54 per share, for a total transaction of $72,974.00. Following the completion of the acquisition, the insider now owns 102,268 shares in the company, valued at $2,407,388.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.27% of the stock is currently owned by insiders.
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HOMB has been the subject of a number of analyst reports. ValuEngine raised Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. BidaskClub downgraded Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $30.00 target price on shares of Home BancShares in a report on Friday, July 21st. Piper Jaffray Companies reaffirmed a “hold” rating and set a $27.00 target price on shares of Home BancShares in a report on Friday, July 21st. Finally, Zacks Investment Research raised Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $27.79.
Home BancShares, Inc. (NASDAQ:HOMB) opened at 23.28 on Friday. Home BancShares, Inc. has a 12 month low of $20.91 and a 12 month high of $29.69. The firm has a market capitalization of $3.33 billion, a PE ratio of 17.41 and a beta of 1.19. The stock’s 50 day moving average price is $24.07 and its 200 day moving average price is $24.49.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. The firm had revenue of $128.23 million for the quarter, compared to analysts’ expectations of $135.55 million. During the same quarter last year, the firm posted $0.33 earnings per share. Equities research analysts expect that Home BancShares, Inc. will post $1.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, November 14th. Home BancShares’s dividend payout ratio (DPR) is presently 38.94%.
Home BancShares Company 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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