Baird Financial Group Inc. Lowers Holdings in Home Bancshares Inc (HOMB)

Baird Financial Group Inc. trimmed its stake in Home Bancshares Inc (NASDAQ:HOMB) by 20.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,028 shares of the financial services provider’s stock after selling 25,915 shares during the period. Baird Financial Group Inc.’s holdings in Home Bancshares were worth $2,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund acquired a new position in Home Bancshares during the 2nd quarter valued at approximately $1,384,000. Federated Investors Inc. PA increased its stake in Home Bancshares by 58.7% during the 2nd quarter. Federated Investors Inc. PA now owns 78,172 shares of the financial services provider’s stock valued at $1,764,000 after purchasing an additional 28,900 shares in the last quarter. Barr E S & Co. increased its stake in Home Bancshares by 8.0% during the 2nd quarter. Barr E S & Co. now owns 1,765,471 shares of the financial services provider’s stock valued at $39,829,000 after purchasing an additional 130,683 shares in the last quarter. BlackRock Inc. increased its stake in Home Bancshares by 5.8% during the 2nd quarter. BlackRock Inc. now owns 18,236,202 shares of the financial services provider’s stock valued at $411,409,000 after purchasing an additional 1,006,179 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Home Bancshares by 3.1% during the 2nd quarter. Mutual of America Capital Management LLC now owns 135,009 shares of the financial services provider’s stock valued at $3,046,000 after purchasing an additional 4,033 shares in the last quarter. 64.36% of the stock is owned by institutional investors.

HOMB has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Home Bancshares from a “buy” rating to a “hold” rating in a research note on Monday, September 3rd. Citigroup initiated coverage on shares of Home Bancshares in a research note on Monday, June 18th. They set a “buy” rating and a $28.00 price target on the stock. BidaskClub lowered shares of Home Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. Finally, ValuEngine lowered shares of Home Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $27.33.

HOMB stock opened at $22.98 on Friday. The firm has a market capitalization of $4.02 billion, a PE ratio of 17.02 and a beta of 1.17. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Home Bancshares Inc has a 12 month low of $20.82 and a 12 month high of $25.89.

Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $166.29 million for the quarter, compared to the consensus estimate of $167.50 million. Home Bancshares had a net margin of 26.27% and a return on equity of 11.41%. During the same period in the prior year, the firm earned $0.35 EPS. research analysts expect that Home Bancshares Inc will post 1.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Wednesday, August 15th were issued a $0.12 dividend. This is an increase from Home Bancshares’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Tuesday, August 14th. Home Bancshares’s dividend payout ratio is 35.56%.

In other news, insider Jennifer C. Floyd sold 2,000 shares of the company’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $23.88, for a total value of $47,760.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.15% of the stock is owned by corporate insiders.

Home Bancshares Company Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, and money market accounts, as well as certificates of deposit.

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

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