Raymond James Financial Services Advisors Inc. raised its position in Home BancShares, Inc. (NASDAQ:HOMB) by 64.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 20,269 shares of the financial services provider’s stock after buying an additional 7,908 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Home BancShares were worth $511,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Home BancShares by 34.9% in the 2nd quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock valued at $151,902,000 after purchasing an additional 1,579,605 shares during the period. Voya Investment Management LLC lifted its stake in shares of Home BancShares by 865.4% in the 2nd quarter. Voya Investment Management LLC now owns 1,345,605 shares of the financial services provider’s stock valued at $33,505,000 after purchasing an additional 1,206,224 shares during the period. Northern Trust Corp lifted its stake in shares of Home BancShares by 19.6% in the 2nd quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock valued at $86,419,000 after purchasing an additional 569,061 shares during the period. Koch Industries Inc. acquired a new position in shares of Home BancShares in the 2nd quarter valued at $274,000. Finally, FMR LLC lifted its stake in shares of Home BancShares by 25.1% in the 2nd quarter. FMR LLC now owns 1,176,400 shares of the financial services provider’s stock valued at $29,292,000 after purchasing an additional 235,700 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

In other Home BancShares news, Director Jim Rankin acquired 1,337 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $21.45 per share, with a total value of $28,678.65. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 11.27% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Home BancShares from a “sell” rating to a “hold” rating in a research note on Tuesday. Piper Jaffray Companies set a $25.00 price target on Home BancShares and gave the company a “hold” rating in a research note on Tuesday, October 24th. Royal Bank Of Canada reissued a “hold” rating and issued a $28.00 price target on shares of Home BancShares in a research note on Friday, October 20th. Sandler O’Neill downgraded Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a research note on Friday, October 20th. Finally, Stephens reaffirmed 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $27.79.

Shares of Home BancShares, Inc. (HOMB) opened at $23.48 on Wednesday. The company has a market capitalization of $4,181.34, a price-to-earnings ratio of 17.84 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 has a debt-to-equity ratio of 0.64, a quick ratio of 1.01 and a current ratio of 1.01.

Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The business had revenue of $128.23 million for the quarter, compared to analyst estimates of $135.55 million. Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. During the same period in the previous year, the business posted $0.33 EPS. analysts expect that Home BancShares, Inc. will post 1.36 earnings per share 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 paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.87%. The ex-dividend date is Tuesday, November 14th. Home BancShares’s payout ratio is presently 38.94%.

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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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Institutional Ownership by Quarter for Home BancShares (NASDAQ:HOMB)

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