Citadel Advisors LLC Buys 67,692 Shares of Home BancShares, Inc. (HOMB)
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.
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).
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