Well Done LLC acquired a new position in shares of Home BancShares, Inc. (NASDAQ:HOMB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,715 shares of the financial services provider’s stock, valued at approximately $270,000.
A number of other hedge funds also recently made changes to their positions in HOMB. First Bank & Trust acquired a new position in Home BancShares in the third quarter worth $117,000. Oregon Public Employees Retirement Fund acquired a new position in Home BancShares in the second quarter valued at about $119,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Home BancShares by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 379 shares during the period. Advisor Group Inc. grew its stake in Home BancShares by 11.7% in the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 554 shares during the period. Finally, Stifel Financial Corp grew its stake in Home BancShares by 6.5% in the first quarter. Stifel Financial Corp now owns 7,930 shares of the financial services provider’s stock valued at $213,000 after acquiring an additional 485 shares during the period. 51.18% of the stock is currently owned by institutional investors and hedge funds.
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In other Home BancShares news, Director Jim Rankin acquired 1,337 shares of the stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $21.45 per share, with a total value of $28,678.65. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 11.27% of the company’s stock.
Several research analysts have recently weighed in on HOMB shares. Zacks Investment Research cut Home BancShares from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Sandler O’Neill cut Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Friday, October 20th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $27.00 price objective on shares of Home BancShares in a research report on Friday, July 21st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $30.00 price target on shares of Home BancShares in a research report on Friday, July 21st. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $28.00 price objective on shares of Home BancShares in a research note on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $27.79.
Shares of Home BancShares, Inc. (NASDAQ HOMB) traded up $0.20 during mid-day trading on Tuesday, hitting $21.59. The company’s stock had a trading volume of 904,500 shares, compared to its average volume of 874,898. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.01 and a current ratio of 1.01. Home BancShares, Inc. has a 52-week low of $20.82 and a 52-week high of $29.69. The firm has a market cap of $3,714.24, a P/E ratio of 15.84 and a beta of 1.17.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The firm had revenue of $128.23 million for the quarter, compared to analyst estimates of $135.55 million. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. During the same period last year, the business earned $0.33 EPS. analysts expect that Home BancShares, Inc. will post 1.36 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.04%. The ex-dividend date is Tuesday, November 14th. Home BancShares’s dividend payout ratio is currently 38.94%.
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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