Dupont Capital Management Corp Takes Position in Home Bancshares Inc (HOMB)
Dupont Capital Management Corp purchased a new position in Home Bancshares Inc (NASDAQ:HOMB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,086 shares of the financial services provider’s stock, valued at approximately $328,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Legato Capital Management LLC increased its stake in shares of Home Bancshares by 8.7% in the fourth quarter. Legato Capital Management LLC now owns 96,188 shares of the financial services provider’s stock worth $2,236,000 after acquiring an additional 7,722 shares during the last quarter. Horrell Capital Management Inc. increased its stake in shares of Home Bancshares by 2.0% in the fourth quarter. Horrell Capital Management Inc. now owns 114,564 shares of the financial services provider’s stock worth $2,664,000 after acquiring an additional 2,284 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Home Bancshares in the fourth quarter worth $3,372,000. Mountain Pacific Investment Advisers Inc. ID acquired a new position in shares of Home Bancshares in the fourth quarter worth $14,148,000. Finally, Strs Ohio increased its stake in shares of Home Bancshares by 13.1% in the fourth quarter. Strs Ohio now owns 228,800 shares of the financial services provider’s stock worth $5,319,000 after acquiring an additional 26,500 shares during the last quarter. 63.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of Home Bancshares Inc (HOMB) opened at $23.49 on Friday. The stock has a market cap of $4,078.64, a price-to-earnings ratio of 17.40 and a beta of 1.15. Home Bancshares Inc has a fifty-two week low of $20.82 and a fifty-two week high of $29.69. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.76.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Wednesday, February 14th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, February 13th. Home Bancshares’s dividend payout ratio is presently 48.35%.
A number of research firms have recently weighed in on HOMB. Sandler O’Neill downgraded shares of 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. BidaskClub upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Royal Bank of Canada reiterated a “hold” rating and issued a $28.00 price objective on shares of Home Bancshares in a report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $30.00 price objective on shares of Home Bancshares in a report on Friday, December 22nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $26.00 price objective on shares of Home Bancshares in a report on Tuesday, January 9th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $27.50.
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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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