Texas Permanent School Fund Grows Holdings in Home Bancshares Inc (NASDAQ:HOMB)

Texas Permanent School Fund increased its position in Home Bancshares Inc (NASDAQ:HOMB) by 1.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 106,006 shares of the financial services provider’s stock after buying an additional 1,111 shares during the quarter. Texas Permanent School Fund’s holdings in Home Bancshares were worth $1,992,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Capital Group LLC bought a new position in Home Bancshares in the 2nd quarter worth approximately $26,000. Horan Capital Advisors LLC. bought a new position in Home Bancshares in the 3rd quarter worth approximately $27,000. Tower Research Capital LLC TRC boosted its stake in Home Bancshares by 12,851.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,346 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 6,297 shares during the period. Cresset Asset Management LLC boosted its stake in Home Bancshares by 274.7% in the 2nd quarter. Cresset Asset Management LLC now owns 10,387 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 7,615 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Home Bancshares by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,894 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 1,206 shares during the period. 65.94% of the stock is owned by institutional investors.

Several research analysts have weighed in on the company. Citigroup dropped their price target on Home Bancshares from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Piper Jaffray Companies set a $22.00 price target on Home Bancshares and gave the stock a “buy” rating in a research note on Friday, July 19th. TheStreet upgraded Home Bancshares from a “c+” rating to a “b-” rating in a research note on Friday, July 26th. Stephens set a $22.00 price target on Home Bancshares and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Zacks Investment Research downgraded Home Bancshares from a “hold” rating to a “strong sell” rating in a research note on Saturday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $21.50.

NASDAQ HOMB opened at $18.89 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 0.98. The stock has a 50 day moving average price of $18.70 and a 200-day moving average price of $18.67. Home Bancshares Inc has a one year low of $15.35 and a one year high of $20.37. The company has a market capitalization of $3.20 billion, a P/E ratio of 10.79 and a beta of 1.20.

Home Bancshares (NASDAQ:HOMB) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. Home Bancshares had a return on equity of 12.22% and a net margin of 35.22%. The business had revenue of $167.47 million for the quarter, compared to analyst estimates of $167.40 million. During the same quarter last year, the firm posted $0.46 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts predict that Home Bancshares Inc will post 1.72 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.52 dividend on an annualized basis and a yield of 2.75%. Home Bancshares’s payout ratio is 29.71%.

In other news, Director Alex R. Lieblong sold 15,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $19.02, for a total transaction of $285,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Russell Davis Carter III sold 7,500 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $18.29, for a total value of $137,175.00. Following the transaction, the insider now owns 8,759 shares in the company, valued at approximately $160,202.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,000 shares of company stock worth $1,466,280. Insiders own 8.70% of the company’s stock.

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.

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

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