Home BancShares, Inc. (HOMB) Position Lowered by Neuburgh Advisers LLC
Neuburgh Advisers LLC lowered its stake in Home BancShares, Inc. (NASDAQ:HOMB) by 19.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,620 shares of the financial services provider’s stock after selling 1,144 shares during the period. Neuburgh Advisers LLC’s holdings in Home BancShares were worth $125,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. State Street Corp increased its stake in shares of Home BancShares by 32.7% in the fourth quarter. State Street Corp now owns 4,307,845 shares of the financial services provider’s stock valued at $119,627,000 after buying an additional 1,061,708 shares in the last quarter. RMB Capital Management LLC acquired a new stake in shares of Home BancShares during the third quarter valued at about $21,096,000. FMR LLC acquired a new stake in shares of Home BancShares during the fourth quarter valued at about $25,987,000. Norges Bank acquired a new stake in shares of Home BancShares during the fourth quarter valued at about $25,941,000. Finally, Russell Investments Group Ltd. purchased a new stake in Home BancShares during the fourth quarter worth $10,116,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Home BancShares, Inc. (HOMB) traded down 0.93% during trading on Friday, hitting $25.51. 1,774,043 shares of the stock traded hands. Home BancShares, Inc. has a 1-year low of $18.32 and a 1-year high of $29.69. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 19.67 and a beta of 1.21. The firm has a 50-day moving average of $24.60 and a 200-day moving average of $26.51.
Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The firm had revenue of $141 million during the quarter, compared to analyst estimates of $131.04 million. Home BancShares had a net margin of 33.82% and a return on equity of 13.81%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. On average, equities analysts forecast that Home BancShares, Inc. will post $1.37 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 7th. Stockholders of record on Wednesday, May 17th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.41%. Home BancShares’s payout ratio is 27.69%.
A number of equities research analysts recently weighed in on HOMB shares. Keefe, Bruyette & Woods raised Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research report on Monday, May 15th. Stephens restated a “buy” rating on shares of Home BancShares in a research note on Thursday, April 20th. Merion Capital Group restated a “neutral” rating and set a $28.50 price target on shares of Home BancShares in a research note on Monday, April 24th. Finally, BidaskClub upgraded shares of Home BancShares from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.13.
In other Home BancShares news, insider Jim F. Haynes, Jr. sold 1,500 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $25.50, for a total value of $38,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tracy French acquired 2,300 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was bought at an average price of $23.79 per share, with a total value of $54,717.00. The disclosure for this purchase can be found here. Corporate insiders own 11.27% of the company’s stock.
Home BancShares Company Profile
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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