United Capital Financial Advisers LLC reduced its position in Home Bancshares Inc (NASDAQ:HOMB) by 54.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,235 shares of the financial services provider’s stock after selling 30,079 shares during the period. United Capital Financial Advisers LLC’s holdings in Home Bancshares were worth $576,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Home Bancshares by 1.9% in the 1st quarter. BlackRock Inc. now owns 17,230,023 shares of the financial services provider’s stock valued at $393,017,000 after purchasing an additional 314,431 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Home Bancshares by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,809,059 shares of the financial services provider’s stock worth $86,885,000 after acquiring an additional 28,473 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Home Bancshares by 14.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,919,175 shares of the financial services provider’s stock worth $67,871,000 after acquiring an additional 374,266 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in Home Bancshares by 2.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 2,480,491 shares of the financial services provider’s stock worth $56,580,000 after acquiring an additional 62,767 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in Home Bancshares by 7.5% during the 4th quarter. Glenmede Trust Co. NA now owns 2,174,650 shares of the financial services provider’s stock worth $50,558,000 after acquiring an additional 151,231 shares in the last quarter. 64.54% of the stock is currently owned by institutional investors and hedge funds.
In other Home Bancshares news, Chairman John W. Allison bought 20,000 shares of the business’s stock in a transaction on Thursday, April 19th. The shares were bought at an average cost of $21.32 per share, with a total value of $426,400.00. Following the transaction, the chairman now directly owns 5,160,629 shares in the company, valued at approximately $110,024,610.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Russell Davis Carter III sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $23.67, for a total value of $82,845.00. Following the completion of the transaction, the insider now directly owns 16,259 shares in the company, valued at $384,850.53. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,500 shares of company stock worth $1,267,604. 9.15% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on HOMB shares. Citigroup started coverage on Home Bancshares in a research report on Monday, June 18th. They set a “buy” rating and a $28.00 price target on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $28.00 price target on shares of Home Bancshares in a research report on Friday, April 20th. Sandler O’Neill raised Home Bancshares from a “hold” rating to a “buy” rating and boosted their price target for the stock from $25.00 to $26.00 in a research report on Friday, April 20th. BidaskClub raised Home Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research raised Home Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.43.
Home Bancshares stock opened at $22.88 on Thursday. The company has a market cap of $4.06 billion, a P/E ratio of 16.95 and a beta of 1.08. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.66. Home Bancshares Inc has a one year low of $20.82 and a one year high of $25.90.
Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, April 19th. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. Home Bancshares had a return on equity of 11.35% and a net margin of 24.23%. The firm had revenue of $186.70 million for the quarter, compared to analyst estimates of $164.30 million. During the same period in the previous year, the company posted $0.33 EPS. Home Bancshares’s revenue for the quarter was up 32.4% on a year-over-year basis. sell-side analysts expect that Home Bancshares Inc will post 1.76 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 6th. Shareholders of record on Wednesday, May 16th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Tuesday, May 15th. Home Bancshares’s payout ratio is 32.59%.
About Home Bancshares
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.
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.