Credit Suisse AG cut its stake in Home BancShares, Inc. (NASDAQ:HOMB) by 20.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 116,661 shares of the financial services provider’s stock after selling 29,638 shares during the period. Credit Suisse AG owned approximately 0.08% of Home BancShares worth $3,158,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted 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 valued at $444,776,000 after buying an additional 16,387,044 shares during the period. Vanguard Group Inc. boosted its position in shares of Home BancShares by 9.6% in the first quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock valued at $300,852,000 after buying an additional 973,217 shares during the period. Norges Bank acquired a new position in shares of Home BancShares during the fourth quarter valued at $25,941,000. State Street Corp raised its stake in Home BancShares by 4.9% in the first quarter. State Street Corp now owns 4,520,817 shares of the financial services provider’s stock valued at $122,383,000 after buying an additional 212,972 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Home BancShares by 21.8% in the first quarter. Bank of America Corp DE now owns 842,879 shares of the financial services provider’s stock valued at $22,816,000 after buying an additional 150,683 shares in the last quarter. Hedge funds and other institutional investors own 60.51% of the company’s stock.
Shares of Home BancShares, Inc. (NASDAQ:HOMB) traded down 1.62% during mid-day trading on Friday, reaching $23.63. The company had a trading volume of 805,128 shares. Home BancShares, Inc. has a 1-year low of $19.74 and a 1-year 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. The stock’s 50-day moving average price is $24.76 and its 200 day moving average price is $25.82.
Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $131.77 million for the quarter, compared to analyst estimates of $132.18 million. During the same quarter in the prior year, the company earned $0.31 EPS. Equities analysts expect that Home BancShares, Inc. will post $1.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.86%. This is a positive change from Home BancShares’s previous quarterly dividend of $0.09. Home BancShares’s dividend payout ratio (DPR) is currently 26.87%.
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Several equities research analysts recently issued reports on HOMB shares. BidaskClub lowered shares of Home BancShares from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Keefe, Bruyette & Woods raised shares of Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a report on Monday, May 15th. Stephens reissued a “buy” rating on shares of Home BancShares in a report on Thursday, April 20th. Zacks Investment Research raised shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Monday, June 26th. Finally, Merion Capital Group reissued a “neutral” rating and issued a $28.50 target price on shares of Home BancShares in a report on Monday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Home BancShares currently has an average rating of “Hold” and an average price target of $28.70.
In other news, insider Tracy French purchased 3,100 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $23.54 per share, for a total transaction of $72,974.00. Following the purchase, the insider now directly owns 102,268 shares of the company’s stock, valued at approximately $2,407,388.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John W. Allison purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were purchased at an average price of $25.46 per share, for a total transaction of $381,900.00. Following the purchase, the chairman now directly owns 4,968,396 shares in the company, valued at $126,495,362.16. The disclosure for this purchase can be found here. In the last quarter, insiders bought 33,100 shares of company stock worth $825,074. Company insiders own 11.27% of the company’s stock.
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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