Capital Insight Partners LLC bought a new stake in Home BancShares, Inc. (NASDAQ:HOMB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,180 shares of the financial services provider’s stock, valued at approximately $353,000.
Several other large investors have also recently modified their holdings of the company. First Bank & Trust acquired a new position in Home BancShares during the 3rd quarter worth approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Home BancShares by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 379 shares in the last quarter. Advisor Group Inc. increased its position in Home BancShares by 11.7% during the 2nd 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. Sei Investments Co. increased its position in Home BancShares by 144.7% during the 3rd quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 4,163 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Home BancShares during the 3rd quarter worth approximately $201,000. Institutional investors own 63.46% of the company’s stock.
Home BancShares, Inc. (NASDAQ:HOMB) traded up $0.29 on Friday, reaching $25.01. 864,885 shares of the company’s stock were exchanged, compared to its average volume of 890,789. Home BancShares, Inc. has a 52-week low of $20.82 and a 52-week high of $29.69. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The company has a market cap of $4,370.00, a price-to-earnings ratio of 22.33 and a beta of 1.18.
Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. The business had revenue of $128.23 million for the quarter, compared to the consensus estimate of $135.55 million. During the same period in the previous year, the firm earned $0.33 earnings per share. research analysts expect that Home BancShares, Inc. will post 1.36 EPS for the current fiscal year.
In other Home BancShares news, Director Jim Rankin bought 1,337 shares of Home BancShares stock in a transaction on Friday, November 10th. The shares were purchased at an average cost of $21.45 per share, with a total value of $28,678.65. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 11.27% of the company’s stock.
A number of research firms recently issued reports on HOMB. BidaskClub upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a research report on Thursday. Piper Jaffray Companies reissued a “hold” rating and set a $26.00 target price on shares of Home BancShares in a report on Tuesday. Sandler O’Neill set a $26.00 target price on shares of Home BancShares and gave the stock a “hold” rating in a report on Thursday, January 4th. Zacks Investment Research raised shares of Home BancShares from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, December 26th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $30.00 target price on shares of Home BancShares in a report on Friday, December 22nd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.50.
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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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