Prudential Financial Inc. Has $6.24 Million Holdings in Home Bancshares Inc (NASDAQ:HOMB)

Prudential Financial Inc. cut its holdings in Home Bancshares Inc (NASDAQ:HOMB) by 11.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 324,043 shares of the financial services provider’s stock after selling 42,334 shares during the period. Prudential Financial Inc.’s holdings in Home Bancshares were worth $6,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HOMB. JPMorgan Chase & Co. raised its holdings in shares of Home Bancshares by 272.9% in the second quarter. JPMorgan Chase & Co. now owns 791,438 shares of the financial services provider’s stock valued at $15,148,000 after purchasing an additional 579,205 shares during the last quarter. Copeland Capital Management LLC raised its holdings in shares of Home Bancshares by 46.1% in the second quarter. Copeland Capital Management LLC now owns 1,523,783 shares of the financial services provider’s stock valued at $29,349,000 after purchasing an additional 481,025 shares during the last quarter. Barr E S & Co. raised its holdings in shares of Home Bancshares by 22.1% in the second quarter. Barr E S & Co. now owns 2,426,357 shares of the financial services provider’s stock valued at $46,732,000 after purchasing an additional 439,844 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Home Bancshares by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,929,353 shares of the financial services provider’s stock valued at $64,206,000 after purchasing an additional 230,871 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Home Bancshares by 1.1% in the first quarter. BlackRock Inc. now owns 20,021,156 shares of the financial services provider’s stock valued at $351,771,000 after purchasing an additional 220,635 shares during the last quarter. Institutional investors own 65.82% of the company’s stock.

A number of analysts have recently issued reports on the stock. TheStreet upgraded shares of Home Bancshares from a “c+” rating to a “b-” rating in a report on Friday, July 26th. Piper Jaffray Companies set a $22.00 target price on shares of Home Bancshares and gave the stock a “buy” rating in a report on Friday, July 19th. Zacks Investment Research upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, BidaskClub downgraded shares of Home Bancshares from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Home Bancshares has a consensus rating of “Hold” and a consensus target price of $23.40.

In other Home Bancshares news, Director Jim Rankin sold 30,219 shares of Home Bancshares stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $19.50, for a total transaction of $589,270.50. Following the completion of the transaction, the director now directly owns 198,787 shares of the company’s stock, valued at $3,876,346.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Russell Davis Carter III sold 7,500 shares of Home Bancshares stock in a transaction on Monday, August 19th. The stock was sold at an average price of $18.29, for a total transaction of $137,175.00. Following the transaction, the insider now directly owns 8,759 shares of the company’s stock, valued at $160,202.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,219 shares of company stock valued at $1,076,981. Company insiders own 8.70% of the company’s stock.

HOMB traded up $0.06 during trading on Thursday, reaching $19.29. 17,712 shares of the stock were exchanged, compared to its average volume of 710,802. The stock has a market cap of $3.04 billion, a P/E ratio of 11.06 and a beta of 1.21. Home Bancshares Inc has a twelve month low of $15.35 and a twelve month high of $23.67. The stock’s 50 day moving average price is $18.24 and its two-hundred day moving average price is $18.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.00 and a current ratio of 1.00.

Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.43 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.43. Home Bancshares had a net margin of 36.19% and a return on equity of 12.64%. The firm had revenue of $164.05 million during the quarter, compared to analysts’ expectations of $166.83 million. During the same period in the previous year, the business posted $0.44 earnings per share. Equities research analysts predict that Home Bancshares Inc will post 1.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.52 dividend on an annualized basis and a yield of 2.70%. Home Bancshares’s dividend payout ratio (DPR) is 29.71%.

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.

Further Reading: Penny Stocks

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Institutional Ownership by Quarter for Home Bancshares (NASDAQ:HOMB)

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