Geode Capital Management LLC raised its stake in shares of Home Bancshares Inc (NASDAQ:HOMB) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,396,496 shares of the financial services provider’s stock after purchasing an additional 18,608 shares during the period. Geode Capital Management LLC owned 0.80% of Home Bancshares worth $32,468,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Horrell Capital Management Inc. raised its position in Home Bancshares by 2.0% during the 4th quarter. Horrell Capital Management Inc. now owns 114,564 shares of the financial services provider’s stock worth $2,664,000 after purchasing an additional 2,284 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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 raised its position in 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 raised its position in 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 raised its position in 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.
Home Bancshares Inc (NASDAQ HOMB) opened at $23.20 on Friday. Home Bancshares Inc has a 12-month low of $20.82 and a 12-month high of $27.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $4,193.43, a PE ratio of 25.49 and a beta of 1.15.
Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Home Bancshares had a return on equity of 11.18% and a net margin of 21.79%. The firm had revenue of $164.30 million during the quarter, compared to analyst estimates of $165.40 million. During the same period last year, the company posted $0.35 EPS. The business’s quarterly revenue was up 28.4% on a year-over-year basis. research analysts predict that Home Bancshares Inc will post 1.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 14th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares’s dividend payout ratio (DPR) is presently 48.35%.
Home Bancshares announced that its Board of Directors has approved a stock buyback plan on Thursday, February 22nd that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Several 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 reaffirmed a “hold” rating and set a $26.00 target price 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 issued 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $27.79.
In other news, Director Richard H. Ashley sold 300,000 shares of Home Bancshares 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 completion of the transaction, the director now directly owns 145,354 shares of the company’s stock, valued at approximately $3,635,303.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.15% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Geode Capital Management LLC Has $32.47 Million Position in Home Bancshares Inc (HOMB)” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/03/23/geode-capital-management-llc-has-32-47-million-position-in-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).
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.