Falcon Point Capital LLC boosted its holdings in shares of Home Bancshares Inc (NASDAQ:HOMB) by 2.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 121,746 shares of the financial services provider’s stock after acquiring an additional 2,614 shares during the period. Falcon Point Capital LLC owned 0.07% of Home Bancshares worth $2,344,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the business. Horan Capital Advisors LLC. acquired a new position in shares of Home Bancshares during the 1st quarter worth about $26,000. AlphaOne Investment Services LLC acquired a new position in Home Bancshares in the 1st quarter valued at about $41,000. Advisory Alpha LLC acquired a new position in Home Bancshares in the 1st quarter valued at about $46,000. Royce & Associates LP acquired a new position in Home Bancshares in the 1st quarter valued at about $49,000. Finally, Advisor Group Inc. grew its stake in Home Bancshares by 13.9% in the 4th quarter. Advisor Group Inc. now owns 8,956 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,096 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Russell Davis Carter III sold 3,333 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $18.20, for a total transaction of $60,660.60. Following the completion of the transaction, the insider now owns 16,259 shares of the company’s stock, valued at $295,913.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jim Rankin sold 30,219 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $19.50, for a total transaction of $589,270.50. Following the transaction, the director now directly owns 198,787 shares of the company’s stock, valued at approximately $3,876,346.50. The disclosure for this sale can be found here. Insiders have sold 43,552 shares of company stock valued at $843,131 in the last 90 days. 8.70% of the stock is currently owned by corporate insiders.
A number of research analysts recently commented on the stock. BidaskClub lowered shares of Home Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Stephens set a $22.00 price objective on shares of Home Bancshares and gave the company a “buy” rating in a report on Monday, April 22nd. TheStreet raised shares of Home Bancshares from a “c+” rating to a “b-” rating in a report on Friday, July 26th. Piper Jaffray Companies set a $22.00 price target on shares of Home Bancshares and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Zacks Investment Research downgraded shares of Home Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $23.40.
HOMB opened at $17.46 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50-day moving average is $19.10 and its 200 day moving average is $18.82. Home Bancshares Inc has a fifty-two week low of $15.35 and a fifty-two week high of $24.41. The firm has a market capitalization of $3.05 billion, a P/E ratio of 10.40 and a beta of 1.16.
Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. Home Bancshares had a net margin of 36.19% and a return on equity of 12.64%. The company had revenue of $164.05 million for the quarter, compared to analyst estimates of $166.83 million. During the same period last year, the firm earned $0.44 earnings per share. On average, equities research analysts expect that Home Bancshares Inc will post 1.73 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $0.52 dividend on an annualized basis and a yield of 2.98%. Home Bancshares’s dividend payout ratio (DPR) is presently 29.71%.
About Home Bancshares
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, demand, and money market accounts, as well as certificates of deposit.
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