DekaBank Deutsche Girozentrale Invests $446,000 in Home BancShares, Inc. (HOMB)

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.

Institutional Ownership by Quarter for Home BancShares (NASDAQ:HOMB)

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%.

WARNING: This piece of content was reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.themarketsdaily.com/2017/06/16/dekabank-deutsche-girozentrale-invests-446000-in-home-bancshares-inc-homb-updated-updated.html.

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).

Receive News & Ratings for Home BancShares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home BancShares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply