American International Group Inc. Boosts Position in Home Bancshares Inc (HOMB)

American International Group Inc. boosted its stake in Home Bancshares Inc (NASDAQ:HOMB) by 15.3% in the 1st quarter, Holdings Channel reports. The firm owned 491,457 shares of the financial services provider’s stock after purchasing an additional 65,120 shares during the period. American International Group Inc.’s holdings in Home Bancshares were worth $8,635,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HOMB. State of Alaska Department of Revenue lifted its position in shares of Home Bancshares by 9.3% during the 4th quarter. State of Alaska Department of Revenue now owns 22,048 shares of the financial services provider’s stock valued at $360,000 after buying an additional 1,868 shares during the last quarter. Virtu Financial LLC lifted its position in shares of Home Bancshares by 13.8% during the 4th quarter. Virtu Financial LLC now owns 13,537 shares of the financial services provider’s stock valued at $221,000 after buying an additional 1,637 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of Home Bancshares during the 4th quarter valued at $431,000. Bank of Montreal Can lifted its position in shares of Home Bancshares by 31.8% during the 4th quarter. Bank of Montreal Can now owns 12,185 shares of the financial services provider’s stock valued at $200,000 after buying an additional 2,943 shares during the last quarter. Finally, Strs Ohio lifted its position in shares of Home Bancshares by 8.7% during the 4th quarter. Strs Ohio now owns 212,700 shares of the financial services provider’s stock valued at $3,475,000 after buying an additional 17,100 shares during the last quarter. Hedge funds and other institutional investors own 67.94% of the company’s stock.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Home Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. BidaskClub cut Home Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Stephens set a $22.00 price target on Home Bancshares and gave the company a “buy” rating in a research report on Monday, April 22nd. ValuEngine raised Home Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, April 19th. Finally, Piper Jaffray Companies set a $23.00 price target on Home Bancshares and gave the company a “buy” rating in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $23.60.

Shares of HOMB opened at $18.47 on Wednesday. The stock has a market cap of $3.10 billion, a P/E ratio of 10.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.01 and a current ratio of 1.01. Home Bancshares Inc has a 52-week low of $15.35 and a 52-week high of $24.56.

Home Bancshares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $163.14 million for the quarter, compared to analysts’ expectations of $163.93 million. Home Bancshares had a return on equity of 12.95% and a net margin of 37.12%. During the same quarter in the prior year, the firm posted $0.42 EPS. As a group, research analysts expect that Home Bancshares Inc will post 1.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.13 per share. This is a boost from Home Bancshares’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, May 14th. This represents a $0.52 dividend on an annualized basis and a yield of 2.82%. Home Bancshares’s dividend payout ratio is 29.71%.

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Home Bancshares Company 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, demand, and money market accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Home Bancshares (NASDAQ:HOMB)

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