State Treasurer State of Michigan reduced its holdings in Home Bancshares Inc (NASDAQ:HOMB) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,800 shares of the financial services provider’s stock after selling 2,500 shares during the period. State Treasurer State of Michigan’s holdings in Home Bancshares were worth $1,321,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in HOMB. First Bank & Trust purchased a new stake in shares of Home Bancshares in the 3rd quarter valued at $117,000. Advisor Group Inc. boosted its holdings in Home Bancshares by 11.7% during the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock worth $132,000 after buying an additional 554 shares in the last quarter. Sei Investments Co. boosted its holdings in Home Bancshares by 144.7% during the third quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock worth $177,000 after buying an additional 4,163 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Home Bancshares by 43.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,794 shares of the financial services provider’s stock worth $181,000 after buying an additional 2,354 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Home Bancshares during the third quarter worth $201,000. 63.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of Home Bancshares Inc (HOMB) opened at $24.05 on Friday. Home Bancshares Inc has a twelve month low of $20.82 and a twelve month high of $29.69. The stock has a market cap of $4,144.62, a price-to-earnings ratio of 17.68 and a beta of 1.15. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Tuesday, February 13th. Home Bancshares’s dividend payout ratio is presently 48.35%.
A number of analysts recently issued reports on the stock. Sandler O’Neill downgraded shares of Home Bancshares from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a report on Friday, October 20th. Zacks Investment Research downgraded shares of Home Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Piper Jaffray Companies reissued a “hold” rating and set a $26.00 price target on shares of Home Bancshares in a report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $30.00 price target on shares of Home Bancshares in a report on Friday, December 22nd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Home Bancshares has a consensus rating of “Hold” and a consensus target price of $27.50.
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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