Profund Advisors LLC lifted its position in Home Bancshares Inc (NASDAQ:HOMB) by 16.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,682 shares of the financial services provider’s stock after purchasing an additional 3,938 shares during the quarter. Profund Advisors LLC’s holdings in Home Bancshares were worth $644,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of HOMB. Dimensional Fund Advisors LP increased its holdings in shares of Home Bancshares by 39.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,255,372 shares of the financial services provider’s stock worth $107,318,000 after purchasing an additional 1,206,395 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID purchased a new position in Home Bancshares in the fourth quarter worth about $14,148,000. Barr E S & Co. grew its position in Home Bancshares by 213.3% in the third quarter. Barr E S & Co. now owns 678,069 shares of the financial services provider’s stock worth $17,101,000 after acquiring an additional 461,649 shares in the last quarter. Bank of New York Mellon Corp grew its position in Home Bancshares by 23.4% in the third quarter. Bank of New York Mellon Corp now owns 1,871,089 shares of the financial services provider’s stock worth $47,190,000 after acquiring an additional 354,880 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Home Bancshares by 52.4% in the third quarter. Ameriprise Financial Inc. now owns 916,953 shares of the financial services provider’s stock worth $23,126,000 after acquiring an additional 315,088 shares in the last quarter. 64.94% of the stock is currently owned by hedge funds and other institutional investors.
In other Home Bancshares news, Director Richard H. Ashley sold 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $25.01, for a total transaction of $7,503,000.00. Following the completion of the transaction, the director now owns 145,354 shares in the company, valued at $3,635,303.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.15% of the stock is owned by insiders.
Several research analysts recently commented on HOMB shares. Sandler O’Neill set a $26.00 price target on Home Bancshares and gave the stock a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research upgraded Home Bancshares from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, December 26th. BidaskClub upgraded Home Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $30.00 price target on shares of Home Bancshares in a research report on Friday, December 22nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $26.00 price target on shares of Home Bancshares in a research report on Tuesday, January 9th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $27.79.
Home Bancshares stock opened at $24.52 on Monday. Home Bancshares Inc has a 12-month low of $20.82 and a 12-month high of $28.54. The stock has a market capitalization of $4,261.21, a P/E ratio of 18.16 and a beta of 1.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.03 and a current ratio of 1.03.
Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Home Bancshares had a return on equity of 11.18% and a net margin of 21.79%. The business had revenue of $164.30 million during the quarter, compared to analyst estimates of $165.40 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. equities research analysts forecast that Home Bancshares Inc will post 1.75 EPS for the current fiscal year.
Home Bancshares declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 22nd that allows the company to buyback 5,000,000 shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm 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 dividend yield of 1.79%. Home Bancshares’s dividend payout ratio (DPR) is presently 48.35%.
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).
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