Schwab Charles Investment Management Inc. Buys 65,280 Shares of Home Bancshares Inc (HOMB)

Schwab Charles Investment Management Inc. increased its holdings in shares of Home Bancshares Inc (NASDAQ:HOMB) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 878,350 shares of the financial services provider’s stock after purchasing an additional 65,280 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.51% of Home Bancshares worth $20,422,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Advisor Group Inc. grew its position in shares of 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 purchasing an additional 554 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Home Bancshares by 8.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,361 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 936 shares in the last quarter. Amalgamated Bank grew its position in shares of Home Bancshares by 14.4% during the third quarter. Amalgamated Bank now owns 21,239 shares of the financial services provider’s stock worth $536,000 after purchasing an additional 2,666 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Home Bancshares by 28.3% during the third quarter. Teacher Retirement System of Texas now owns 12,933 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 2,851 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Home Bancshares by 17.3% during the third quarter. Pacer Advisors Inc. now owns 20,129 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 2,971 shares in the last quarter. Hedge funds and other institutional investors own 60.57% of the company’s stock.

Several research firms recently issued reports on HOMB. Zacks Investment Research upgraded Home Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Piper Jaffray Companies reiterated a “hold” rating and set a $26.00 target price on shares of Home Bancshares in a research report on Tuesday, January 9th. BidaskClub upgraded Home Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 target price on shares of Home Bancshares in a research report on Friday, December 22nd. Finally, Sandler O’Neill set a $26.00 target price on Home Bancshares and gave the stock a “hold” rating in a research report on Thursday, January 4th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Home Bancshares presently has an average rating of “Hold” and an average price target of $27.50.

Home Bancshares Inc (HOMB) opened at $24.05 on Tuesday. The firm has a market capitalization of $4,175.87, a P/E ratio of 17.82 and a beta of 1.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.03. Home Bancshares Inc has a 1-year low of $20.82 and a 1-year high of $29.69.

Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $165.40 million. Home Bancshares had a return on equity of 11.18% and a net margin of 21.79%. The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. equities research analysts expect that Home Bancshares Inc will post 1.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Wednesday, February 14th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.83%. The ex-dividend date is Tuesday, February 13th. Home Bancshares’s dividend payout ratio is presently 48.35%.

ILLEGAL ACTIVITY NOTICE: “Schwab Charles Investment Management Inc. Buys 65,280 Shares of Home Bancshares Inc (HOMB)” was posted by Week Herald and is owned by of Week Herald. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://weekherald.com/2018/02/20/schwab-charles-investment-management-inc-buys-65280-shares-of-home-bancshares-inc-homb.html.

Home Bancshares Profile

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).

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.

Leave a Reply