Dimensional Fund Advisors LP increased its holdings in Home Bancshares Inc (NASDAQ:HOMB) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,929,353 shares of the financial services provider’s stock after acquiring an additional 230,871 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Home Bancshares were worth $64,206,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new position in shares of Home Bancshares in the fourth quarter valued at about $33,000. JOYN Advisors Inc. increased its position in shares of Home Bancshares by 882.1% in the fourth quarter. JOYN Advisors Inc. now owns 2,033 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 1,826 shares during the period. Bessemer Group Inc. increased its position in shares of Home Bancshares by 22.7% in the fourth quarter. Bessemer Group Inc. now owns 3,650 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 675 shares during the period. Advisor Group Inc. increased its position in shares of Home Bancshares by 13.9% in the fourth quarter. Advisor Group Inc. now owns 8,956 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 1,096 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Home Bancshares by 31.8% in the fourth quarter. Bank of Montreal Can now owns 12,185 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 2,943 shares during the period. Hedge funds and other institutional investors own 66.51% of the company’s stock.
A number of equities analysts have issued reports on HOMB shares. ValuEngine upgraded shares of Home Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, February 8th. Zacks Investment Research upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. BidaskClub upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. Finally, Stephens restated a “buy” rating and issued a $22.00 price objective on shares of Home Bancshares in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Home Bancshares presently has a consensus rating of “Hold” and a consensus price target of $23.60.
Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $163.14 million for the quarter, compared to analyst estimates of $163.93 million. Home Bancshares had a net margin of 37.12% and a return on equity of 12.95%. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, equities analysts predict that Home Bancshares Inc will post 1.76 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.13 per share. This is a positive change from Home Bancshares’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.85%. Home Bancshares’s payout ratio is presently 29.71%.
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About Home Bancshares
Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, demand, and money market accounts, as well as certificates of deposit.
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