Stephens Inc. AR trimmed its holdings in Home BancShares, Inc. (NASDAQ:HOMB) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,213 shares of the financial services provider’s stock after selling 21,446 shares during the quarter. Stephens Inc. AR owned about 0.20% of Home BancShares worth $8,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Columbia Partners L L C Investment Management increased its stake in Home BancShares by 367.5% during the 3rd quarter. Columbia Partners L L C Investment Management now owns 71,133 shares of the financial services provider’s stock valued at $1,793,000 after purchasing an additional 55,919 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Home BancShares by 66.0% during the 3rd quarter. Macquarie Group Ltd. now owns 126,650 shares of the financial services provider’s stock valued at $3,194,000 after acquiring an additional 50,350 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Home BancShares by 52.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 916,953 shares of the financial services provider’s stock valued at $23,126,000 after acquiring an additional 315,088 shares during the last quarter. Oak Ridge Investments LLC purchased a new stake in shares of Home BancShares during the 3rd quarter valued at about $10,993,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Home BancShares by 65.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 463,259 shares of the financial services provider’s stock valued at $11,683,000 after acquiring an additional 183,325 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.
A number of equities analysts recently issued reports on HOMB shares. Sandler O’Neill downgraded shares of Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a report on Friday, October 20th. Stephens reissued an “overweight” rating and issued a $28.00 price objective (down previously from $29.00) on shares of Home BancShares in a report on Tuesday, September 12th. Zacks Investment Research downgraded shares of Home BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. ValuEngine downgraded shares of Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 price target on shares of Home BancShares in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $27.79.
In other news, Director Jim Rankin acquired 1,337 shares of the company’s stock in a transaction on Friday, November 10th. The stock was bought at an average cost of $21.45 per share, with a total value of $28,678.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.27% of the stock is owned by insiders.
Shares of Home BancShares, Inc. (HOMB) traded up $0.32 on Monday, reaching $24.08. 1,436,109 shares of the company traded hands, compared to its average volume of 876,831. Home BancShares, Inc. has a 12 month low of $20.82 and a 12 month high of $29.69. The company has a market capitalization of $4,125.77, a PE ratio of 17.60 and a beta of 1.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 1.01.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $128.23 million for the quarter, compared to analysts’ expectations of $135.55 million. Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. During the same period in the previous year, the firm earned $0.33 earnings per share. analysts anticipate that Home BancShares, Inc. will post 1.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.83%. The ex-dividend date is Tuesday, November 14th. Home BancShares’s payout ratio is 38.94%.
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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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