First Bank & Trust bought a new position in shares of Home BancShares, Inc. (NASDAQ:HOMB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,624 shares of the financial services provider’s stock, valued at approximately $117,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its position in shares of Home BancShares by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 17,068 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 44 shares during the period. M&T Bank Corp boosted its position in shares of Home BancShares by 0.4% in the 2nd quarter. M&T Bank Corp now owns 12,066 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 48 shares during the period. Pacer Advisors Inc. boosted its position in shares of Home BancShares by 0.6% in the 2nd quarter. Pacer Advisors Inc. now owns 17,158 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Home BancShares by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 379 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of Home BancShares by 6.5% in the 1st quarter. Stifel Financial Corp now owns 7,930 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 485 shares during the period. 49.84% of the stock is currently owned by hedge funds and other institutional investors.
HOMB has been the subject of a number of recent analyst reports. ValuEngine upgraded Home BancShares from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $30.00 price target on shares of Home BancShares in a research report on Friday, July 21st. Zacks Investment Research upgraded Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday, July 25th. Piper Jaffray Companies reiterated a “hold” rating and issued a $27.00 price target on shares of Home BancShares in a research report on Friday, July 21st. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $28.00 price target on shares of Home BancShares in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $27.79.
Shares of Home BancShares, Inc. (NASDAQ HOMB) traded up 1.64% during midday trading on Friday, reaching $23.49. The company’s stock had a trading volume of 1,134,882 shares. Home BancShares, Inc. has a 12 month low of $20.91 and a 12 month high of $29.69. The stock has a 50-day moving average of $24.17 and a 200 day moving average of $24.46. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 17.57 and a beta of 1.19.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $128.23 million during the quarter, compared to the consensus estimate of $135.55 million. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. During the same quarter in the prior year, the company posted $0.33 EPS. On average, analysts predict that Home BancShares, Inc. will post $1.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.87%. Home BancShares’s dividend payout ratio (DPR) is currently 38.94%.
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In other Home BancShares news, insider Tracy French purchased 3,100 shares of the stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $23.54 per share, for a total transaction of $72,974.00. Following the completion of the acquisition, the insider now directly owns 102,268 shares of the company’s stock, valued at $2,407,388.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.27% of the stock is owned by corporate 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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