Teachers Retirement System of The State of Kentucky reduced its stake in shares of Home Bancshares Inc (NASDAQ:HOMB) by 5.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,800 shares of the financial services provider’s stock after selling 2,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Home Bancshares were worth $1,272,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. increased its position in Home Bancshares by 8.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,435 shares of the financial services provider’s stock worth $289,000 after buying an additional 808 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Home Bancshares by 11.7% in the fourth quarter. Guggenheim Capital LLC now owns 146,981 shares of the financial services provider’s stock worth $4,082,000 after buying an additional 15,451 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Home Bancshares by 14.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 55,988 shares of the financial services provider’s stock worth $1,553,000 after buying an additional 7,262 shares in the last quarter. Tyers Asset Management LLC bought a new stake in shares of Home Bancshares during the fourth quarter worth about $204,000. Finally, Flinton Capital Management LLC bought a new stake in shares of Home Bancshares during the fourth quarter worth about $247,000. Institutional investors and hedge funds own 61.18% of the company’s stock.
Home Bancshares Inc (NASDAQ:HOMB) traded up 0.855% during midday trading on Wednesday, reaching $28.295. The company had a trading volume of 23,490 shares. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 22.456 and a beta of 1.08. The stock’s 50 day moving average is $27.74 and its 200 day moving average is $25.10. Home Bancshares Inc has a 12-month low of $18.32 and a 12-month high of $29.69.
Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, January 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Home Bancshares had a return on equity of 13.93% and a net margin of 33.83%. During the same quarter in the previous year, the business earned $0.56 EPS. Equities research analysts expect that Home Bancshares Inc will post $1.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 8th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, February 6th. This represents a $0.36 annualized dividend and a dividend yield of 1.28%. Home Bancshares’s payout ratio is 28.46%.
A number of equities research analysts have recently issued reports on HOMB shares. Raymond James Financial, Inc. cut Home Bancshares from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 15th. Keefe, Bruyette & Woods cut Home Bancshares from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 31st. Sandler O’Neill upgraded Home Bancshares from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, January 24th. Finally, Zacks Investment Research cut Home Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 20th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Home Bancshares presently has an average rating of “Hold” and an average price target of $25.75.
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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