Advisory Research Inc. Maintains Holdings in Home BancShares, Inc. (HOMB)
Advisory Research Inc. continued to hold its stake in shares of Home BancShares, Inc. (NASDAQ:HOMB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,540 shares of the financial services provider’s stock at the close of the second quarter. Advisory Research Inc. owned approximately 0.09% of Home BancShares worth $3,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund purchased a new position in shares of Home BancShares during the second quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Home BancShares by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after buying an additional 379 shares during the period. Advisor Group Inc. lifted its stake in shares of Home BancShares by 11.7% during the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after buying an additional 554 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of Home BancShares during the first quarter valued at approximately $204,000. Finally, Stifel Financial Corp lifted its stake in shares of Home BancShares by 6.5% during the first quarter. Stifel Financial Corp now owns 7,930 shares of the financial services provider’s stock valued at $213,000 after buying an additional 485 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Tracy French purchased 3,100 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $2,407,388.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman John W. Allison purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were bought at an average price of $24.68 per share, with a total value of $370,200.00. Following the completion of the acquisition, the chairman now owns 4,953,896 shares of the company’s stock, valued at approximately $122,262,153.28. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 33,100 shares of company stock valued at $825,074. 11.27% of the stock is currently owned by corporate insiders.
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Shares of Home BancShares, Inc. (NASDAQ:HOMB) traded down 0.89% during trading on Wednesday, reaching $25.51. 21,674 shares of the company traded hands. Home BancShares, Inc. has a 12 month low of $19.74 and a 12 month high of $29.69. The firm has a 50-day moving average price of $23.73 and a 200-day moving average price of $24.62. The firm has a market capitalization of $3.65 billion, a PE ratio of 19.08 and a beta of 1.19.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $131.77 million during 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 last year, the company posted $0.31 earnings per share. Equities research analysts anticipate that Home BancShares, Inc. will post $1.38 EPS for the current year.
HOMB has been the topic of several recent analyst reports. ValuEngine raised shares of Home BancShares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $30.00 price objective on shares of Home BancShares in a research note on Friday, July 21st. Zacks Investment Research raised shares of Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, July 25th. Piper Jaffray Companies reissued a “hold” rating and set a $27.00 price objective on shares of Home BancShares in a research note on Friday, July 21st. Finally, Stephens reissued an “overweight” rating and set a $28.00 price objective (down previously from $29.00) on shares of Home BancShares in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $28.58.
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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