Cerebellum GP LLC Invests $3.37 Million in Home Bancshares Inc (NASDAQ:HOMB)

Cerebellum GP LLC purchased a new position in shares of Home Bancshares Inc (NASDAQ:HOMB) during the third quarter, Holdings Channel.com reports. The fund purchased 145,046 shares of the financial services provider’s stock, valued at approximately $3,372,000. Home Bancshares comprises about 1.3% of Cerebellum GP LLC’s portfolio, making the stock its 9th largest position.

Other hedge funds have also modified their holdings of the company. Prudential PLC purchased a new stake in shares of Home Bancshares during the second quarter worth about $21,113,000. WBI Investments Inc. purchased a new stake in shares of Home Bancshares during the second quarter worth about $517,000. State of Wisconsin Investment Board grew its stake in shares of Home Bancshares by 34.5% during the first quarter. State of Wisconsin Investment Board now owns 639,113 shares of the financial services provider’s stock worth $11,229,000 after acquiring an additional 164,000 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Home Bancshares by 18.8% during the second quarter. Envestnet Asset Management Inc. now owns 100,873 shares of the financial services provider’s stock worth $1,943,000 after acquiring an additional 15,936 shares during the last quarter. Finally, BB&T Securities LLC boosted its position in Home Bancshares by 42.1% in the second quarter. BB&T Securities LLC now owns 20,988 shares of the financial services provider’s stock valued at $404,000 after buying an additional 6,213 shares during the last quarter. Institutional investors and hedge funds own 65.75% of the company’s stock.

In other Home Bancshares news, Director Jim Rankin sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $19.32, for a total value of $193,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Russell Davis Carter III sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $18.94, for a total value of $142,050.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,719 shares of company stock worth $1,219,031. 8.70% of the stock is owned by insiders.

HOMB has been the topic of a number of recent research reports. BidaskClub upgraded Home Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Piper Jaffray Companies set a $22.00 target price on Home Bancshares and gave the company a “buy” rating in a research report on Friday, July 19th. TheStreet upgraded Home Bancshares from a “c+” rating to a “b-” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research upgraded Home Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.00.

Shares of NASDAQ HOMB opened at $18.64 on Friday. The business’s 50 day moving average price is $18.31 and its 200 day moving average price is $18.60. The firm has a market cap of $3.12 billion, a P/E ratio of 10.65 and a beta of 1.22. Home Bancshares Inc has a 52 week low of $15.35 and a 52 week high of $21.20. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.52.

Home Bancshares (NASDAQ:HOMB) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.43 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.43. The firm had revenue of $164.05 million for the quarter, compared to analyst estimates of $166.83 million. Home Bancshares had a return on equity of 12.64% and a net margin of 36.19%. During the same quarter in the prior year, the firm earned $0.44 earnings per share. As a group, research analysts expect that Home Bancshares Inc will post 1.72 earnings per share for the current year.

Home Bancshares Company Profile

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.

Read More: Short Selling Stocks and Day Traders

Want to see what other hedge funds are holding HOMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Bancshares Inc (NASDAQ:HOMB).

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

Receive News & Ratings for Home Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit