Dimensional Fund Advisors LP Decreases Position in Home BancShares, Inc. (HOMB)
Dimensional Fund Advisors LP trimmed its holdings in Home BancShares, Inc. (NASDAQ:HOMB) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,048,977 shares of the financial services provider’s stock after selling 27,470 shares during the quarter. Dimensional Fund Advisors LP owned about 2.13% of Home BancShares worth $75,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of HOMB. Oregon Public Employees Retirement Fund bought a new position in shares of Home BancShares in the 2nd quarter worth about $119,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Home BancShares by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 379 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Home BancShares by 11.7% in the 2nd quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 554 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Home BancShares in the 1st quarter worth about $204,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Home BancShares in the 2nd quarter worth about $212,000. Institutional investors own 49.82% of the company’s stock.
HOMB has been the topic of several recent analyst reports. Piper Jaffray Companies reissued a “neutral” rating and set a $27.00 price objective on shares of Home BancShares in a research report on Thursday. Zacks Investment Research downgraded shares of Home BancShares from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Stephens reissued an “overweight” rating and set a $28.00 price objective (down from $29.00) on shares of Home BancShares in a research report on Tuesday, September 12th. ValuEngine downgraded shares of Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $30.00 price objective on shares of Home BancShares in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $28.58.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/09/dimensional-fund-advisors-lp-decreases-position-in-home-bancshares-inc-homb.html.
In other news, insider Tracy French bought 3,100 shares of Home BancShares stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $23.54 per share, for a total transaction of $72,974.00. Following the completion of the acquisition, the insider now owns 102,268 shares of the company’s stock, valued at approximately $2,407,388.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman John W. Allison bought 15,000 shares of Home BancShares stock in a transaction on Wednesday, July 26th. The stock was 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 directly owns 4,968,396 shares of the company’s stock, valued at approximately $126,495,362.16. The disclosure for this purchase can be found here. Insiders acquired 33,100 shares of company stock valued at $825,074 over the last quarter. 11.27% of the stock is currently owned by corporate insiders.
Shares of Home BancShares, Inc. (NASDAQ HOMB) opened at 25.71 on Monday. The stock has a market capitalization of $3.68 billion, a P/E ratio of 19.23 and a beta of 1.19. Home BancShares, Inc. has a 12 month low of $19.74 and a 12 month high of $29.69. The company’s 50-day moving average is $23.61 and its 200 day moving average is $24.66.
Home BancShares (NASDAQ:HOMB) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The business had revenue of $131.77 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.31 earnings per share. Equities research analysts predict that Home BancShares, Inc. will post $1.38 earnings per share for the current year.
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).
Receive News & Stock Ratings for Home BancShares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home BancShares Inc. and related stocks with our FREE daily email newsletter.