New York State Common Retirement Fund Cuts Stake in Home BancShares, Inc. (HOMB)
New York State Common Retirement Fund cut its position in Home BancShares, Inc. (NASDAQ:HOMB) by 5.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 159,879 shares of the financial services provider’s stock after selling 8,808 shares during the period. New York State Common Retirement Fund owned approximately 0.11% of Home BancShares worth $3,981,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund acquired a new position in shares of Home BancShares in the second quarter valued at about $119,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Home BancShares in the first quarter valued at about $204,000. Stifel Financial Corp increased its holdings in shares of Home BancShares by 6.5% in the first quarter. Stifel Financial Corp now owns 7,930 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 485 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Home BancShares in the second quarter valued at about $212,000. 49.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of Home BancShares, Inc. (HOMB) opened at 25.33 on Wednesday. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 18.95 and a beta of 1.19. The company’s 50-day moving average price is $23.88 and its 200 day moving average price is $24.60. Home BancShares, Inc. has a 12-month low of $19.81 and a 12-month high of $29.69.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The firm had revenue of $131.77 million during 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 period in the prior year, the business earned $0.31 EPS. On average, equities research analysts forecast that Home BancShares, Inc. will post $1.38 EPS for the current fiscal year.
In related news, insider Tracy French acquired 3,100 shares of Home BancShares stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $23.54 per share, with a total value of $72,974.00. Following the purchase, the insider now directly owns 102,268 shares in the company, valued at $2,407,388.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John W. Allison acquired 15,000 shares of Home BancShares stock in a transaction on Wednesday, July 26th. The shares were bought at an average cost of $25.46 per share, with a total value of $381,900.00. Following the completion of the purchase, the chairman now owns 4,968,396 shares in the company, valued at $126,495,362.16. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 33,100 shares of company stock valued at $825,074. 11.27% of the stock is owned by company insiders.
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HOMB has been the topic of a number of research reports. Stephens reissued an “overweight” rating and issued a $28.00 price objective (down from $29.00) on shares of Home BancShares in a report on Tuesday, September 12th. Zacks Investment Research lowered Home BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. BidaskClub lowered Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Piper Jaffray Companies reissued a “hold” rating and issued a $27.00 price objective on shares of Home BancShares in a report on Friday, July 21st. Finally, ValuEngine lowered Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.58.
Home BancShares Company Profile
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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