US Bancorp DE decreased its stake in shares of Home BancShares, Inc. (NASDAQ:HOMB) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,991 shares of the financial services provider’s stock after selling 941 shares during the period. US Bancorp DE’s holdings in Home BancShares were worth $1,145,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Home BancShares by 37,629.8% in the first quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock valued at $444,776,000 after buying an additional 16,387,044 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Home BancShares by 9.6% in the first quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock valued at $300,852,000 after buying an additional 973,217 shares during the last quarter. State Street Corp raised its stake in shares of Home BancShares by 4.9% in the first quarter. State Street Corp now owns 4,520,817 shares of the financial services provider’s stock valued at $122,383,000 after buying an additional 212,972 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Home BancShares by 11.9% in the first quarter. Geode Capital Management LLC now owns 1,136,720 shares of the financial services provider’s stock valued at $30,771,000 after buying an additional 120,919 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Home BancShares by 5.1% in the first quarter. Principal Financial Group Inc. now owns 978,476 shares of the financial services provider’s stock valued at $26,487,000 after buying an additional 47,059 shares during the last quarter. Institutional investors and hedge funds own 60.51% of the company’s stock.
Shares of Home BancShares, Inc. (HOMB) traded up 1.84% during midday trading on Tuesday, hitting $25.42. 121,134 shares of the stock were exchanged. The firm has a market cap of $3.64 billion, a PE ratio of 19.04 and a beta of 1.18. The firm’s 50-day moving average is $24.89 and its 200 day moving average is $25.90. Home BancShares, Inc. has a 52-week low of $19.74 and a 52-week high of $29.69.
Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $131.77 million during the quarter, compared to the consensus estimate of $132.18 million. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. During the same period in the prior year, the company earned $0.31 EPS. On average, analysts forecast that Home BancShares, Inc. will post $1.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.11 per share. 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 dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, August 14th. Home BancShares’s dividend payout ratio is currently 26.87%.
HOMB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upgraded shares of Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a report on Monday, May 15th. BidaskClub lowered shares of Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Stephens restated a “buy” rating on shares of Home BancShares in a report on Thursday, April 20th. Piper Jaffray Companies restated a “hold” rating and issued a $27.00 price objective on shares of Home BancShares in a report on Friday, July 21st. Finally, Merion Capital Group restated a “neutral” rating and issued a $28.50 price objective on shares of Home BancShares in a report on Monday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $28.70.
In related news, Chairman John W. Allison purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was bought at an average cost of $25.46 per share, for a total transaction of $381,900.00. Following the completion of the transaction, the chairman now directly owns 4,968,396 shares in the company, valued at $126,495,362.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tracy French purchased 2,300 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was bought 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. Insiders have bought a total of 32,300 shares of company stock valued at $806,817 over the last quarter. Corporate insiders own 11.27% of the company’s stock.
About Home BancShares
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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