Short Interest in Home Bancshares Inc (NASDAQ:HOMB) Declines By 9.0%

Home Bancshares Inc (NASDAQ:HOMB) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 8,270,000 shares, a drop of 9.0% from the August 30th total of 9,090,000 shares. Based on an average trading volume of 580,600 shares, the short-interest ratio is currently 14.2 days. Approximately 5.4% of the shares of the company are short sold.

In related news, COO John Stephen Tipton sold 8,500 shares of Home Bancshares stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $18.51, for a total transaction of $157,335.00. Following the completion of the sale, the chief operating officer now owns 12,974 shares of the company’s stock, valued at $240,148.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Russell Davis Carter III sold 7,500 shares of Home Bancshares stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $18.94, for a total value of $142,050.00. The disclosure for this sale can be found here. Insiders sold 63,719 shares of company stock valued at $1,219,031 over the last ninety days. Corporate insiders own 8.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Arizona State Retirement System lifted its stake in Home Bancshares by 0.7% during the second quarter. Arizona State Retirement System now owns 112,176 shares of the financial services provider’s stock worth $2,161,000 after purchasing an additional 732 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Home Bancshares by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 65,125 shares of the financial services provider’s stock worth $1,254,000 after buying an additional 887 shares during the period. Private Capital Group LLC purchased a new position in shares of Home Bancshares in the second quarter worth about $26,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Home Bancshares by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,894 shares of the financial services provider’s stock worth $248,000 after buying an additional 1,206 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Home Bancshares by 1.5% in the second quarter. Jennison Associates LLC now owns 90,632 shares of the financial services provider’s stock worth $1,746,000 after buying an additional 1,331 shares during the period. 65.87% of the stock is owned by hedge funds and other institutional investors.

HOMB stock traded down $0.52 during mid-day trading on Thursday, hitting $18.29. 736,435 shares of the stock were exchanged, compared to its average volume of 704,608. 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 business has a fifty day moving average price of $18.43 and a 200 day moving average price of $18.64. Home Bancshares has a 12 month low of $15.35 and a 12 month high of $21.20. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 10.45 and a beta of 1.22.

Home Bancshares (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. Home Bancshares had a return on equity of 12.64% and a net margin of 36.19%. The firm had revenue of $167.47 million during the quarter, compared to analyst estimates of $167.40 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts forecast that Home Bancshares will post 1.72 EPS for the current fiscal year.

Several research firms recently issued reports on HOMB. Piper Jaffray Companies set a $22.00 price objective on Home Bancshares and gave the company a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research raised Home Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub raised Home Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Finally, TheStreet raised Home Bancshares from a “c+” rating to a “b-” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Home Bancshares has a consensus rating of “Hold” and an average target price of $23.00.

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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