State Treasurer State of Michigan grew its holdings in shares of Home BancShares, Inc. (NASDAQ:HOMB) by 14.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,300 shares of the financial services provider’s stock after buying an additional 7,300 shares during the period. State Treasurer State of Michigan’s holdings in Home BancShares were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in HOMB. Oregon Public Employees Retirement Fund purchased a new stake in Home BancShares during the 2nd quarter worth about $119,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Home BancShares by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock worth $120,000 after buying an additional 379 shares during the last quarter. Advisor Group Inc. lifted its holdings in Home BancShares by 11.7% during the 2nd quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock worth $132,000 after buying an additional 554 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Home BancShares during the 2nd quarter worth about $212,000. Finally, Fortaleza Asset Management Inc. lifted its holdings in Home BancShares by 84.7% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 8,667 shares of the financial services provider’s stock worth $216,000 after buying an additional 3,975 shares during the last quarter. 49.85% of the stock is owned by institutional investors.
A number of analysts have issued reports on HOMB shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $30.00 price target on shares of Home BancShares in a report on Friday, July 21st. Zacks Investment Research raised Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Tuesday, July 25th. ValuEngine downgraded Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $27.00 price target on shares of Home BancShares in a report on Friday, July 21st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 price target on shares of Home BancShares in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $27.79.
Shares of Home BancShares, Inc. (HOMB) opened at $22.18 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.04 and a debt-to-equity ratio of 0.64. Home BancShares, Inc. has a 52-week low of $21.03 and a 52-week high of $29.69. The company has a market capitalization of $3,851.91, a PE ratio of 16.43 and a beta of 1.17.
Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. The firm had revenue of $128.23 million for the quarter, compared to analyst estimates of $135.55 million. During the same quarter last year, the firm posted $0.33 EPS. research analysts forecast that Home BancShares, Inc. will post 1.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Tuesday, November 14th. Home BancShares’s dividend payout ratio (DPR) is currently 38.94%.
In other news, insider Tracy French bought 3,100 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $23.54 per share, for a total transaction of $72,974.00. Following the completion of the transaction, the insider now owns 102,268 shares of the company’s stock, valued at $2,407,388.72. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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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