SG Americas Securities LLC raised its position in shares of Home Bancshares Inc (NASDAQ:HOMB) by 41.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,534 shares of the financial services provider’s stock after acquiring an additional 43,505 shares during the period. SG Americas Securities LLC owned approximately 0.08% of Home Bancshares worth $3,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in shares of Home Bancshares during the 2nd quarter worth approximately $184,000. Signition LP purchased a new stake in shares of Home Bancshares during the 2nd quarter worth approximately $206,000. OppenheimerFunds Inc. purchased a new stake in shares of Home Bancshares during the 2nd quarter worth approximately $214,000. Nomura Holdings Inc. purchased a new stake in shares of Home Bancshares during the 2nd quarter worth approximately $249,000. Finally, BB&T Securities LLC purchased a new stake in shares of Home Bancshares during the 2nd quarter worth approximately $264,000. 66.32% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently weighed in on HOMB. Stephens restated a “buy” rating and set a $28.00 price target on shares of Home Bancshares in a report on Thursday, October 18th. TheStreet lowered Home Bancshares from a “b-” rating to a “c+” rating in a report on Monday, October 29th. ValuEngine lowered Home Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. BidaskClub upgraded Home Bancshares from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 30th. Finally, Zacks Investment Research lowered Home Bancshares from a “buy” rating to a “hold” rating in a report on Monday, September 3rd. Two equities research analysts have rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $27.00.
Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01. Home Bancshares had a return on equity of 12.73% and a net margin of 32.68%. The company had revenue of $171.76 million for the quarter, compared to analyst estimates of $171.67 million. During the same quarter in the prior year, the firm posted $0.10 EPS. Sell-side analysts forecast that Home Bancshares Inc will post 1.77 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Wednesday, November 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, November 13th. This represents a $0.48 annualized dividend and a yield of 2.48%. Home Bancshares’s payout ratio is presently 35.56%.
In other Home Bancshares news, insider Tracy French acquired 2,500 shares of the business’s stock in a transaction on Friday, October 19th. The shares were bought at an average price of $19.25 per share, with a total value of $48,125.00. Following the transaction, the insider now directly owns 112,601 shares of the company’s stock, valued at approximately $2,167,569.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.15% of the company’s stock.
Home Bancshares Profile
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, and money market accounts, as well as certificates of deposit.
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