Fox Run Management L.L.C. bought a new stake in Home BancShares, Inc. (NASDAQ:HOMB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,800 shares of the financial services provider’s stock, valued at approximately $443,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Home BancShares during the fourth quarter valued at $25,941,000. Guggenheim Capital LLC increased its position in shares of Home BancShares by 11.7% in the fourth quarter. Guggenheim Capital LLC now owns 146,981 shares of the financial services provider’s stock worth $4,082,000 after buying an additional 15,451 shares in the last quarter. BlackRock Inc. increased its position in shares of Home BancShares by 37,629.8% in the first quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock worth $444,776,000 after buying an additional 16,387,044 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Home BancShares by 3.9% in the first quarter. State of Alaska Department of Revenue now owns 13,990 shares of the financial services provider’s stock worth $378,000 after buying an additional 530 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of Home BancShares during the first quarter worth approximately $810,000. Hedge funds and other institutional investors own 60.51% of the company’s stock.
Home BancShares, Inc. (NASDAQ:HOMB) traded down 1.62% on Friday, reaching $23.63. The company had a trading volume of 804,979 shares. The company’s 50-day moving average is $24.77 and its 200-day moving average is $25.83. Home BancShares, Inc. has a 52-week low of $19.74 and a 52-week high of $29.69. The company has a market capitalization of $3.38 billion, a PE ratio of 17.67 and a beta of 1.18.
Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. The company had revenue of $131.77 million for the quarter, compared to analyst estimates of $132.18 million. During the same period last year, the company earned $0.31 earnings per share. Equities analysts anticipate that Home BancShares, Inc. will post $1.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th will be given a $0.11 dividend. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, August 14th. Home BancShares’s dividend payout ratio (DPR) is currently 26.87%.
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A number of equities research analysts have recently weighed in on HOMB shares. Stephens reiterated a “buy” rating on shares of Home BancShares in a research report on Thursday, April 20th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $30.00 price objective on shares of Home BancShares in a research report on Friday, July 21st. ValuEngine upgraded Home BancShares from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Zacks Investment Research upgraded Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $27.00 price objective on shares of Home BancShares in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.70.
In other news, Chairman John W. Allison bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were acquired at an average cost of $25.46 per share, with a total value of $381,900.00. Following the completion of the transaction, the chairman now directly owns 4,968,396 shares in the company, valued at $126,495,362.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tracy French purchased 3,100 shares of the business’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $23.54 per share, with a total value of $72,974.00. Following the purchase, the insider now owns 102,268 shares of the company’s stock, valued at $2,407,388.72. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 33,100 shares of company stock worth $825,074. 11.27% of the stock is currently owned by company insiders.
About Home BancShares
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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