Home BancShares, Inc. (HOMB) Shares Bought by Swiss National Bank
Swiss National Bank grew its position in shares of Home BancShares, Inc. (NASDAQ:HOMB) by 25.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 262,207 shares of the financial services provider’s stock after buying an additional 53,127 shares during the quarter. Swiss National Bank owned approximately 150,980.02% of Home BancShares worth $6,613,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of HOMB. State Street Corp grew its stake in Home BancShares by 34.9% during the second quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock worth $151,902,000 after buying an additional 1,579,605 shares during the last quarter. Voya Investment Management LLC grew its stake in Home BancShares by 865.4% during the second quarter. Voya Investment Management LLC now owns 1,345,605 shares of the financial services provider’s stock worth $33,505,000 after buying an additional 1,206,224 shares during the last quarter. Northern Trust Corp grew its stake in Home BancShares by 19.6% during the second quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock worth $86,419,000 after buying an additional 569,061 shares during the last quarter. Prudential Financial Inc. grew its stake in Home BancShares by 213.0% during the third quarter. Prudential Financial Inc. now owns 441,314 shares of the financial services provider’s stock worth $11,130,000 after buying an additional 300,306 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in Home BancShares during the second quarter worth about $274,000. 54.95% of the stock is currently owned by hedge funds and other institutional investors.
Home BancShares, Inc. (HOMB) opened at $22.34 on Wednesday. Home BancShares, Inc. has a twelve month low of $20.82 and a twelve month high of $29.69. The firm has a market cap of $3,856.63, a P/E ratio of 16.45 and a beta of 1.17. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.64.
Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. The business had revenue of $128.23 million during the quarter, compared to analyst estimates of $135.55 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. equities analysts predict that Home BancShares, Inc. will post 1.36 EPS for the current fiscal year.
The firm also recently disclosed 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. The ex-dividend date is Tuesday, November 14th. This represents a $0.44 annualized dividend and a yield of 1.97%. Home BancShares’s dividend payout ratio is currently 38.94%.
In other Home BancShares news, Director Jim Rankin acquired 1,337 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average cost of $21.45 per share, for a total transaction of $28,678.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.27% of the company’s stock.
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Several brokerages have weighed in on HOMB. 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 reaffirmed a “neutral” rating and set a $27.00 price objective on shares of Home BancShares in a research note on Thursday, October 5th. Sandler O’Neill cut shares of Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research note on Friday, October 20th. Royal Bank Of Canada reissued a “hold” rating and set a $28.00 price target on shares of Home BancShares in a research note on Friday, October 20th. Finally, ValuEngine cut shares of Home BancShares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $27.79.
Home BancShares 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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