Fmr LLC grew its stake in shares of Home BancShares, Inc. (NASDAQ:HOMB) by 25.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,176,400 shares of the financial services provider’s stock after acquiring an additional 235,700 shares during the period. Fmr LLC owned about 0.82% of Home BancShares worth $29,292,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund bought a new stake in shares of Home BancShares during the second quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Home BancShares by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 379 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Home BancShares during the first quarter valued at approximately $204,000. Stifel Financial Corp raised its stake in shares of Home BancShares by 6.5% during the first quarter. Stifel Financial Corp now owns 7,930 shares of the financial services provider’s stock valued at $213,000 after acquiring an additional 485 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Home BancShares during the second quarter valued at approximately $212,000. 49.83% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Tracy French bought 3,100 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $23.54 per share, with a total value of $72,974.00. Following the transaction, the insider now directly owns 102,268 shares of the company’s stock, valued at approximately $2,407,388.72. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman John W. Allison bought 15,000 shares of the company’s 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 disclosure for this purchase can be found here. Insiders purchased a total of 33,100 shares of company stock worth $825,074 over the last ninety days. Insiders own 11.27% of the company’s stock.
Home BancShares, Inc. (HOMB) opened at 24.11 on Friday. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 18.03 and a beta of 1.19. The company’s 50-day moving average is $24.10 and its 200 day moving average is $24.56. Home BancShares, Inc. has a one year low of $20.91 and a one year high of $29.69.
Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. The firm had revenue of $128.23 million during the quarter, compared to analyst estimates of $135.55 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. Equities analysts expect that Home BancShares, Inc. will post $1.37 EPS for the current year.
Several brokerages recently issued reports on HOMB. ValuEngine raised shares of Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $30.00 price objective on shares of Home BancShares in a report on Friday, July 21st. Zacks Investment Research raised shares of Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, July 25th. 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. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $28.00 price objective on shares of Home BancShares in a report on Friday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $28.07.
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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