Oregon Public Employees Retirement Fund acquired a new position in shares of Home BancShares, Inc. (NASDAQ:HOMB) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,763 shares of the financial services provider’s stock, valued at approximately $119,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. LS Investment Advisors LLC boosted its position in shares of Home BancShares by 58.7% in the first quarter. LS Investment Advisors LLC now owns 7,367 shares of the financial services provider’s stock worth $199,000 after buying an additional 2,725 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Home BancShares during the first quarter worth about $204,000. Stifel Financial Corp boosted its position in shares of Home BancShares by 6.5% in the first quarter. Stifel Financial Corp now owns 7,930 shares of the financial services provider’s stock worth $213,000 after buying an additional 485 shares during the period. World Asset Management Inc boosted its position in shares of Home BancShares by 3.4% in the first quarter. World Asset Management Inc now owns 8,027 shares of the financial services provider’s stock worth $217,000 after buying an additional 264 shares during the period. Finally, Everence Capital Management Inc. bought a new position in shares of Home BancShares during the first quarter worth about $218,000. 59.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Home BancShares, Inc. (HOMB) opened at 23.40 on Friday. The company has a market capitalization of $3.35 billion, a PE ratio of 17.50 and a beta of 1.18. The company has a 50 day moving average price of $24.67 and a 200 day moving average price of $25.70. Home BancShares, Inc. has a 1-year low of $19.74 and a 1-year high of $29.69.
Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $131.77 million for the quarter, compared to the consensus estimate of $132.18 million. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. During the same period in the prior year, the firm posted $0.31 EPS. Equities analysts predict that Home BancShares, Inc. will post $1.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th will be paid a $0.11 dividend. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Monday, August 14th. Home BancShares’s dividend payout ratio is currently 32.84%.
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A number of research analysts have recently issued reports on HOMB shares. ValuEngine raised Home BancShares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $30.00 target price on shares of Home BancShares in a research note on Friday, July 21st. Zacks Investment Research raised Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Tuesday, July 25th. Piper Jaffray Companies reissued a “hold” rating and issued a $27.00 target price on shares of Home BancShares in a research note on Friday, July 21st. Finally, Merion Capital Group reissued a “neutral” rating and issued a $28.50 target price on shares of Home BancShares in a research note on Monday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Home BancShares has a consensus rating of “Hold” and an average price target of $28.70.
In related news, Chairman John W. Allison bought 15,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were acquired at an average cost of $25.46 per share, for a total transaction of $381,900.00. Following the purchase, the chairman now directly owns 4,968,396 shares of the company’s stock, valued at $126,495,362.16. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tracy French bought 3,100 shares of the company’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $23.54 per share, for a total transaction of $72,974.00. Following the completion of the purchase, the insider now directly owns 102,268 shares in the company, valued at $2,407,388.72. The disclosure for this purchase can be found here. Insiders acquired a total of 33,100 shares of company stock worth $825,074 over the last 90 days. Insiders own 11.27% of the company’s stock.
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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