Falcon Point Capital LLC acquired a new stake in Home Bancshares Inc (NASDAQ:HOMB) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 223,338 shares of the financial services provider’s stock, valued at approximately $5,193,000. Falcon Point Capital LLC owned approximately 0.13% of Home Bancshares at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Prudential Financial Inc. grew its stake in Home Bancshares by 213.0% in the 3rd quarter. Prudential Financial Inc. now owns 441,314 shares of the financial services provider’s stock valued at $11,130,000 after buying an additional 300,306 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Home Bancshares by 283.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 129,020 shares of the financial services provider’s stock worth $3,254,000 after acquiring an additional 95,371 shares during the period. Legato Capital Management LLC lifted its holdings in shares of Home Bancshares by 72.8% during the 3rd quarter. Legato Capital Management LLC now owns 88,466 shares of the financial services provider’s stock worth $2,231,000 after acquiring an additional 37,270 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Home Bancshares by 25.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,055 shares of the financial services provider’s stock worth $581,000 after acquiring an additional 4,635 shares during the period. Finally, California State Teachers Retirement System lifted its stake in Home Bancshares by 10.0% in the 3rd quarter. California State Teachers Retirement System now owns 252,105 shares of the financial services provider’s stock valued at $6,358,000 after purchasing an additional 22,975 shares during the last quarter. 64.44% of the stock is currently owned by hedge funds and other institutional investors.
HOMB has been the subject of several research reports. Zacks Investment Research raised shares of Home Bancshares from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, December 26th. Piper Jaffray Companies restated a “hold” rating and issued a $26.00 price target on shares of Home Bancshares in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 price objective on shares of Home Bancshares in a research report on Friday, December 22nd. BidaskClub cut shares of Home Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, Sandler O’Neill set a $26.00 price target on shares of Home Bancshares and gave the stock a “hold” rating in a report on Thursday, January 4th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.79.
Home Bancshares Inc (HOMB) traded down $0.33 on Thursday, hitting $24.51. 535,417 shares of the stock traded hands, compared to its average volume of 884,571. The stock has a market capitalization of $4,260.00, a P/E ratio of 21.88 and a beta of 1.16. Home Bancshares Inc has a 52-week low of $20.82 and a 52-week high of $29.69. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.03 and a quick ratio of 1.03.
Home Bancshares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $165.40 million. Home Bancshares had a net margin of 21.79% and a return on equity of 11.18%. Home Bancshares’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 earnings per share. research analysts expect that Home Bancshares Inc will post 1.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.44 annualized dividend and a yield of 1.80%. Home Bancshares’s payout ratio is presently 39.29%.
Home Bancshares announced that its Board of Directors has authorized a share buyback program on Thursday, February 22nd that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
In other Home Bancshares news, Director Richard H. Ashley sold 300,000 shares of Home Bancshares stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $25.01, for a total transaction of $7,503,000.00. Following the completion of the sale, the director now directly owns 145,354 shares in the company, valued at $3,635,303.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 9.15% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2018/03/09/223338-shares-in-home-bancshares-inc-homb-acquired-by-falcon-point-capital-llc.html.
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).
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.