New York State Teachers Retirement System Has $4,369,000 Position in Home BancShares, Inc. (NASDAQ:HOMB)
New York State Teachers Retirement System continued to hold its position in Home BancShares, Inc. (NASDAQ:HOMB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,408 shares of the financial services provider’s stock at the end of the first quarter. New York State Teachers Retirement System owned approximately 0.11% of Home BancShares worth $4,369,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Home BancShares by 9.6% in the first quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock valued at $300,852,000 after buying an additional 973,217 shares during the last quarter. FMR LLC acquired a new stake in Home BancShares during the fourth quarter valued at approximately $25,987,000. Norges Bank acquired a new stake in Home BancShares during the fourth quarter valued at approximately $25,941,000. First Trust Advisors LP boosted its stake in Home BancShares by 45.6% in the first quarter. First Trust Advisors LP now owns 390,455 shares of the financial services provider’s stock valued at $10,570,000 after buying an additional 122,318 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Home BancShares by 11.9% in the first quarter. Geode Capital Management LLC now owns 1,136,720 shares of the financial services provider’s stock valued at $30,771,000 after buying an additional 120,919 shares during the period. Institutional investors and hedge funds own 60.53% of the company’s stock.
Home BancShares, Inc. (HOMB) traded up 0.40% on Friday, hitting $24.94. The stock had a trading volume of 254,177 shares. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 18.68 and a beta of 1.18. Home BancShares, Inc. has a 52-week low of $19.74 and a 52-week high of $29.69. The company has a 50 day moving average price of $24.89 and a 200-day moving average price of $25.90.
Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The company had revenue of $131.77 million during the quarter, compared to the consensus estimate of $132.18 million. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. During the same period in the previous year, the firm posted $0.31 EPS. On average, equities research analysts predict that Home BancShares, Inc. will post $1.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th will be issued a $0.11 dividend. The ex-dividend date is Monday, August 14th. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 1.76%. Home BancShares’s payout ratio is 26.87%.
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HOMB has been the topic of several recent analyst reports. Stephens reaffirmed a “buy” rating on shares of Home BancShares in a research report on Thursday, April 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $30.00 price objective on shares of Home BancShares in a research report on Friday, July 21st. ValuEngine raised Home BancShares from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Zacks Investment Research raised Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $27.00 target price on shares of Home BancShares in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.70.
In other news, insider Tracy French acquired 2,300 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was acquired at an average cost of $23.79 per share, for a total transaction of $54,717.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman John W. Allison acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were purchased at an average price of $25.46 per share, with a total value of $381,900.00. Following the completion of the acquisition, the chairman now owns 4,968,396 shares in the company, valued at $126,495,362.16. The disclosure for this purchase can be found here. Insiders acquired a total of 32,300 shares of company stock valued at $806,817 over the last quarter. 11.27% of the stock is currently owned by insiders.
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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