Home BancShares, Inc. (HOMB) Holdings Lifted by Teacher Retirement System of Texas
Teacher Retirement System of Texas raised its holdings in shares of Home BancShares, Inc. (NASDAQ:HOMB) by 28.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,933 shares of the financial services provider’s stock after purchasing an additional 2,851 shares during the period. Teacher Retirement System of Texas’ holdings in Home BancShares were worth $326,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HOMB. First Bank & Trust bought a new position in Home BancShares during the 3rd quarter valued at approximately $117,000. Oregon Public Employees Retirement Fund bought a new position in Home BancShares during the 2nd quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Home BancShares by 8.5% during the 2nd 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 last quarter. Advisor Group Inc. raised its position in Home BancShares by 11.7% during the 2nd quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 554 shares during the last quarter. Finally, Sei Investments Co. raised its position in Home BancShares by 144.7% during the 3rd quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 4,163 shares during the last quarter. 54.95% of the stock is owned by institutional investors and hedge funds.
In other news, Director Jim Rankin bought 1,337 shares of Home BancShares stock in a transaction on Friday, November 10th. The shares were purchased at an average price of $21.45 per share, for a total transaction of $28,678.65. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 11.27% of the stock is currently owned by corporate insiders.
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Home BancShares, Inc. (HOMB) opened at $22.38 on Friday. Home BancShares, Inc. has a twelve month low of $20.82 and a twelve month high of $29.69. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $3,886.15, a P/E ratio of 16.58 and a beta of 1.17.
Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. The firm had revenue of $128.23 million for the quarter, compared to analysts’ expectations of $135.55 million. During the same quarter last year, the company posted $0.33 EPS. sell-side analysts expect that Home BancShares, Inc. will post 1.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.97%. Home BancShares’s dividend payout ratio (DPR) is 38.94%.
A number of research analysts have weighed in on HOMB shares. Sandler O’Neill downgraded Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a report on Friday, October 20th. Stephens reiterated an “overweight” rating and set a $28.00 target price (down previously from $29.00) on shares of Home BancShares in a report on Tuesday, September 12th. Zacks Investment Research downgraded Home BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. ValuEngine downgraded Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Royal Bank Of Canada reiterated 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 issued a buy rating to the company’s stock. Home BancShares currently has a consensus rating of “Hold” and a consensus price target of $27.79.
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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