Oak Ridge Investments LLC Acquires New Position in Home BancShares, Inc. (HOMB)
Oak Ridge Investments LLC acquired a new position in shares of Home BancShares, Inc. (NASDAQ:HOMB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 435,891 shares of the financial services provider’s stock, valued at approximately $10,993,000. Oak Ridge Investments LLC owned approximately 0.25% of Home BancShares at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in HOMB. Teachers Advisors LLC raised its stake in Home BancShares by 2.5% during the first quarter. Teachers Advisors LLC now owns 204,987 shares of the financial services provider’s stock worth $5,549,000 after acquiring an additional 4,944 shares in the last quarter. KCG Holdings Inc. acquired a new position in Home BancShares during the first quarter worth $366,000. Public Employees Retirement System of Ohio raised its stake in Home BancShares by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 39,457 shares of the financial services provider’s stock worth $1,068,000 after acquiring an additional 5,505 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new position in Home BancShares during the second quarter worth $119,000. Finally, LS Investment Advisors LLC raised its stake in Home BancShares by 71.8% during the second quarter. LS Investment Advisors LLC now owns 12,659 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 5,292 shares in the last quarter. Hedge funds and other institutional investors own 51.18% of the company’s stock.
Shares of Home BancShares, Inc. (NASDAQ HOMB) traded down $0.04 during mid-day trading on Friday, hitting $21.73. The stock had a trading volume of 697,400 shares, compared to its average volume of 871,764. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $3,780.22, a PE ratio of 16.13 and a beta of 1.17. Home BancShares, Inc. has a 12 month low of $20.82 and a 12 month high of $29.69.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, November 14th. Home BancShares’s dividend payout ratio is 38.94%.
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Several research firms have issued reports on HOMB. ValuEngine lowered Home BancShares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Piper Jaffray Companies restated a “hold” rating and set a $27.00 target price on shares of Home BancShares in a report on Friday, July 21st. Zacks Investment Research cut Home BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $30.00 target price on shares of Home BancShares in a report on Friday, July 21st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $28.00 target price on shares of Home BancShares in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $27.79.
In other news, Director Jim Rankin purchased 1,337 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $21.45 per share, for a total transaction of $28,678.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.27% of the stock is owned by company insiders.
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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