DekaBank Deutsche Girozentrale acquired a new position in shares of Home BancShares, Inc. (NASDAQ:HOMB) during the first quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,200 shares of the financial services provider’s stock, valued at approximately $446,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Riverhead Capital Management LLC increased its position in Home BancShares by 13.6% in the third quarter. Riverhead Capital Management LLC now owns 6,600 shares of the financial services provider’s stock worth $137,000 after buying an additional 792 shares during the period. Tyers Asset Management LLC purchased a new stake in Home BancShares during the fourth quarter worth $204,000. Teza Capital Management LLC purchased a new stake in Home BancShares during the fourth quarter worth $209,000. Everence Capital Management Inc. purchased a new stake in Home BancShares during the first quarter worth $218,000. Finally, Miles Capital Inc. bought a new position in Home BancShares during the fourth quarter valued at approximately $243,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.
Shares of Home BancShares, Inc. (NASDAQ:HOMB) traded down 0.93% during trading on Friday, reaching $25.51. 1,774,043 shares of the company traded hands. Home BancShares, Inc. has a 12 month low of $18.32 and a 12 month high of $29.69. The stock has a market cap of $3.66 billion, a P/E ratio of 19.67 and a beta of 1.21. The stock’s 50 day moving average price is $24.60 and its 200-day moving average price is $26.51.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $141 million for the quarter, compared to analyst estimates of $131.04 million. Home BancShares had a return on equity of 13.81% and a net margin of 33.82%. Home BancShares’s revenue was up 13.1% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. On average, equities research analysts expect that Home BancShares, Inc. will post $1.37 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 7th. Stockholders of record on Wednesday, May 17th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.41%. Home BancShares’s dividend payout ratio (DPR) is 27.69%.
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HOMB has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised shares of Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research note on Monday, May 15th. Stephens reiterated a “buy” rating on shares of Home BancShares in a report on Thursday, April 20th. Merion Capital Group reiterated a “neutral” rating and issued a $28.50 target price on shares of Home BancShares in a report on Monday, April 24th. Finally, BidaskClub upgraded shares of Home BancShares from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $28.13.
In other Home BancShares news, insider Jim F. Haynes, Jr. sold 1,500 shares of Home BancShares stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $25.50, for a total value of $38,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tracy French bought 2,300 shares of the stock in a transaction on Friday, May 12th. The stock was acquired at an average price of $23.79 per share, with a total value of $54,717.00. The disclosure for this purchase can be found here. 11.27% of the stock is owned by company insiders.
Home BancShares Company 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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