BNP Paribas Arbitrage SA Acquires 37,625 Shares of Home BancShares, Inc. (HOMB)
BNP Paribas Arbitrage SA increased its holdings in shares of Home BancShares, Inc. (NASDAQ:HOMB) by 145.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,578 shares of the financial services provider’s stock after acquiring an additional 37,625 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Home BancShares were worth $1,583,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in HOMB. BlackRock Inc. increased its position in Home BancShares by 37,629.8% during the first quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock worth $444,776,000 after acquiring an additional 16,387,044 shares during the period. Vanguard Group Inc. grew its stake in Home BancShares by 9.6% during the first quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock worth $300,852,000 after buying an additional 973,217 shares in the last quarter. State Street Corp grew its stake in Home BancShares by 4.9% during the first quarter. State Street Corp now owns 4,520,817 shares of the financial services provider’s stock worth $122,383,000 after buying an additional 212,972 shares in the last quarter. Retirement Systems of Alabama acquired a new stake in Home BancShares during the second quarter worth about $4,052,000. Finally, Bank of America Corp DE grew its stake in Home BancShares by 21.8% during the first quarter. Bank of America Corp DE now owns 842,879 shares of the financial services provider’s stock worth $22,816,000 after buying an additional 150,683 shares in the last quarter. 60.61% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Home BancShares, Inc. (NASDAQ:HOMB) opened at 23.33 on Monday. Home BancShares, Inc. has a 1-year low of $19.74 and a 1-year high of $29.69. The firm has a market capitalization of $3.34 billion, a P/E ratio of 17.45 and a beta of 1.19. The stock has a 50 day moving average of $24.33 and a 200-day moving average of $25.47.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The company had revenue of $131.77 million for the quarter, compared to analysts’ expectations of $132.18 million. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. During the same period in the prior year, the business earned $0.31 earnings per share. On average, equities analysts expect that Home BancShares, Inc. will post $1.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.89%. This is a boost from Home BancShares’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, August 14th. Home BancShares’s dividend payout ratio is 32.84%.
In other news, insider Tracy French bought 3,100 shares of the business’s stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $23.54 per share, with a total value of $72,974.00. Following the completion of the purchase, the insider now directly owns 102,268 shares in the company, valued at $2,407,388.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John W. Allison bought 15,000 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was purchased at an average cost of $25.46 per share, with a total value of $381,900.00. Following the purchase, the chairman now owns 4,968,396 shares of the company’s stock, valued at $126,495,362.16. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 33,100 shares of company stock worth $825,074. 11.27% of the stock is owned by company insiders.
A number of equities research analysts have issued reports on HOMB shares. BidaskClub downgraded shares of Home BancShares from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Keefe, Bruyette & Woods upgraded shares of Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a research note on Monday, May 15th. Zacks Investment Research downgraded shares of Home BancShares from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. ValuEngine upgraded shares of Home BancShares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $27.00 price objective on shares of Home BancShares in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.70.
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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