Home BancShares, Inc. (HOMB) Position Increased by Kwmg LLC

Kwmg LLC raised its stake in shares of Home BancShares, Inc. (NASDAQ:HOMB) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,033 shares of the financial services provider’s stock after buying an additional 4,507 shares during the period. Kwmg LLC’s holdings in Home BancShares were worth $1,545,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank increased its stake in shares of Home BancShares by 5.6% in the first quarter. Comerica Bank now owns 140,489 shares of the financial services provider’s stock valued at $3,695,000 after buying an additional 7,408 shares during the last quarter. US Bancorp DE increased its stake in shares of Home BancShares by 2.2% in the first quarter. US Bancorp DE now owns 46,932 shares of the financial services provider’s stock valued at $1,271,000 after buying an additional 1,028 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Home BancShares during the first quarter valued at about $446,000. First Trust Advisors LP increased its stake in shares of Home BancShares by 45.6% in the first quarter. First Trust Advisors LP now owns 390,455 shares of the financial services provider’s stock valued at $10,570,000 after buying an additional 122,318 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Home BancShares by 8.4% in the first quarter. Great West Life Assurance Co. Can now owns 176,244 shares of the financial services provider’s stock worth $4,768,000 after buying an additional 13,653 shares in the last quarter. 60.51% of the stock is currently owned by institutional investors.

Home BancShares, Inc. (NASDAQ:HOMB) traded up 0.84% during trading on Tuesday, reaching $25.17. The company’s stock had a trading volume of 264,046 shares. The company’s 50-day moving average is $24.89 and its 200-day moving average is $25.90. The stock has a market cap of $3.60 billion, a PE ratio of 18.85 and a beta of 1.18. Home BancShares, Inc. has a 12 month low of $19.74 and a 12 month high of $29.69.

Home BancShares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The firm had revenue of $131.77 million for 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 last year, the business posted $0.31 EPS. Equities analysts expect 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. Investors of record on Wednesday, August 16th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, August 14th. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 1.76%. Home BancShares’s payout ratio is 26.87%.

HOMB has been the topic of a number of recent research reports. Stephens reaffirmed a “buy” rating on shares of Home BancShares in a report on Thursday, April 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $30.00 price target on shares of Home BancShares in a report on Friday, July 21st. ValuEngine raised Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Zacks Investment Research raised Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday, July 25th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $27.00 price objective on shares of Home BancShares in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $28.70.

In other news, Chairman John W. Allison bought 15,000 shares of Home BancShares stock in a transaction dated Wednesday, July 26th. The shares were purchased at an average cost of $25.46 per share, with a total value of $381,900.00. Following the completion of the acquisition, the chairman now owns 4,968,396 shares of the company’s stock, valued at approximately $126,495,362.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tracy French bought 2,300 shares of Home BancShares stock in a transaction dated Friday, May 12th. The stock was purchased at an average cost of $23.79 per share, for a total transaction of $54,717.00. The disclosure for this purchase can be found here. Insiders have purchased 32,300 shares of company stock worth $806,817 over the last quarter. 11.27% of the stock is owned by company insiders.

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).