Citadel Advisors LLC grew its stake in Home BancShares, Inc. (NASDAQ:HOMB) by 185.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,149 shares of the financial services provider’s stock after purchasing an additional 67,692 shares during the quarter. Citadel Advisors LLC owned approximately 0.07% of Home BancShares worth $2,594,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund bought a new position in shares of Home BancShares in the second quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Home BancShares by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 379 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of Home BancShares by 11.7% in the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 554 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Home BancShares in the first quarter valued at approximately $204,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Home BancShares in the second quarter valued at approximately $212,000. Institutional investors own 60.59% of the company’s stock.

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A number of research firms have recently weighed in on HOMB. ValuEngine upgraded Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Zacks Investment Research upgraded Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $30.00 target price on shares of Home BancShares in a report on Friday, July 21st. BidaskClub lowered Home BancShares from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $27.00 target price on shares of Home BancShares in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $28.58.

In related news, insider Tracy French purchased 3,100 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $23.54 per share, for a total transaction of $72,974.00. Following the purchase, the insider now directly owns 102,268 shares of the company’s stock, valued at approximately $2,407,388.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John W. Allison purchased 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was bought at an average price of $25.46 per share, for a total transaction of $381,900.00. Following the purchase, the chairman now directly owns 4,968,396 shares in the company, valued at $126,495,362.16. The disclosure for this purchase can be found here. Insiders purchased a total of 33,100 shares of company stock worth $825,074 in the last 90 days. 11.27% of the stock is currently owned by company insiders.

Shares of Home BancShares, Inc. (NASDAQ:HOMB) opened at 25.22 on Friday. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 18.86 and a beta of 1.19. Home BancShares, Inc. has a one year low of $19.74 and a one year high of $29.69. The company’s 50-day moving average price is $23.50 and its 200-day moving average price is $24.94.

Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $131.77 million for 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 quarter in the prior year, the business 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 business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th were paid a $0.11 dividend. The ex-dividend date was Monday, August 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.74%. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. Home BancShares’s dividend payout ratio is presently 32.84%.

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).

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

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