Credit Suisse AG reduced its stake in shares of Home BancShares, Inc. (NASDAQ:HOMB) by 20.3% during the first quarter, according to its most recent Form 13F 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 0.08% of Home BancShares worth $3,158,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of HOMB. Comerica Bank boosted its position in shares of Home BancShares by 5.6% in the first quarter. Comerica Bank now owns 140,489 shares of the financial services provider’s stock valued at $3,695,000 after buying an additional 7,408 shares in the last quarter. US Bancorp DE raised its stake in shares of Home BancShares by 2.2% in the first quarter. US Bancorp DE now owns 46,932 shares of the financial services provider’s stock worth $1,271,000 after buying an additional 1,028 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Home BancShares during the first quarter worth $446,000. First Trust Advisors LP raised its stake in shares of Home BancShares by 45.6% in the first quarter. First Trust Advisors LP now owns 390,455 shares of the financial services provider’s stock worth $10,570,000 after buying an additional 122,318 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Home BancShares by 8.4% in the first quarter. Great West Life Assurance Co. Can now owns 176,244 shares of the financial services provider’s stock valued at $4,768,000 after buying an additional 13,653 shares in the last quarter. 59.23% of the stock is owned by institutional investors.
Home BancShares, Inc. (NASDAQ:HOMB) opened at 23.40 on Friday. The firm’s 50-day moving average is $24.67 and its 200-day moving average is $25.70. Home BancShares, Inc. has a 12 month low of $19.74 and a 12 month high of $29.69. The firm has a market cap of $3.35 billion, a PE ratio of 17.50 and a beta of 1.18.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th will be issued a dividend of $0.11 per share. This is a positive change from Home BancShares’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, August 14th. Home BancShares’s dividend payout ratio is 32.84%.
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Several brokerages recently commented on HOMB. Zacks Investment Research lowered shares of Home BancShares from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Piper Jaffray Companies reissued a “hold” rating and set a $27.00 price objective on shares of Home BancShares in a research report on Friday, July 21st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $30.00 price objective on shares of Home BancShares in a research report on Friday, July 21st. BidaskClub downgraded shares of Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, ValuEngine raised shares of Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $28.70.
In related news, insider Tracy French bought 3,100 shares of Home BancShares stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $23.54 per share, with a total value of $72,974.00. Following the acquisition, the insider now owns 102,268 shares in the company, valued at approximately $2,407,388.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John W. Allison acquired 15,000 shares of Home BancShares stock in a transaction that occurred on Wednesday, July 26th. The stock was acquired at an average cost of $25.46 per share, for a total transaction of $381,900.00. Following the completion of the purchase, the chairman now directly owns 4,968,396 shares of the company’s stock, valued at $126,495,362.16. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 33,100 shares of company stock worth $825,074. 11.27% of the stock is currently owned by 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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