First Trust Advisors LP Acquires 43,147 Shares of Home Bancshares Inc (HOMB)
First Trust Advisors LP lifted its holdings in shares of Home Bancshares Inc (NASDAQ:HOMB) by 21.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,723 shares of the financial services provider’s stock after buying an additional 43,147 shares during the quarter. First Trust Advisors LP owned about 0.14% of Home Bancshares worth $5,589,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in HOMB. Ifrah Financial Services Inc. grew its holdings in shares of Home Bancshares by 31.5% during the 2nd quarter. Ifrah Financial Services Inc. now owns 17,689 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 4,233 shares during the last quarter. Suffolk Capital Management LLC grew its holdings in Home Bancshares by 7.0% in the 2nd quarter. Suffolk Capital Management LLC now owns 39,788 shares of the financial services provider’s stock worth $898,000 after acquiring an additional 2,611 shares during the last quarter. Horrell Capital Management Inc. bought a new stake in Home Bancshares in the 2nd quarter worth $2,762,000. TD Asset Management Inc. grew its holdings in Home Bancshares by 35.3% in the 2nd quarter. TD Asset Management Inc. now owns 92,300 shares of the financial services provider’s stock worth $2,082,000 after acquiring an additional 24,100 shares during the last quarter. Finally, Alps Advisors Inc. bought a new stake in Home Bancshares in the 2nd quarter worth $487,000. Institutional investors own 64.36% of the company’s stock.
A number of brokerages have issued reports on HOMB. ValuEngine lowered shares of Home Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. BidaskClub raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, Citigroup began coverage on shares of Home Bancshares in a report on Monday, June 18th. They issued a “buy” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Home Bancshares presently has a consensus rating of “Buy” and an average price target of $27.43.
Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, July 19th. The financial services provider reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $166.29 million for the quarter, compared to analyst estimates of $167.50 million. Home Bancshares had a net margin of 26.27% and a return on equity of 11.41%. During the same quarter in the previous year, the firm posted $0.35 EPS. research analysts expect that Home Bancshares Inc will post 1.77 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Wednesday, August 15th will be paid a dividend of $0.12 per share. This is a positive change from Home Bancshares’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.06%. Home Bancshares’s payout ratio is presently 35.56%.
In other news, insider Jennifer C. Floyd sold 2,000 shares of Home Bancshares stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $23.88, for a total transaction of $47,760.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.15% of the company’s stock.
Home Bancshares Profile
Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, and money market accounts, as well as certificates of deposit.
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