Allianz Asset Management AG lowered its position in shares of Home Bancshares Inc (NASDAQ:HOMB) by 73.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 36,249 shares of the financial services provider’s stock after selling 98,861 shares during the period. Allianz Asset Management AG’s holdings in Home Bancshares were worth $1,007,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp boosted its stake in Home Bancshares by 32.7% in the fourth quarter. State Street Corp now owns 4,307,845 shares of the financial services provider’s stock worth $119,627,000 after buying an additional 1,061,708 shares in the last quarter. RMB Capital Management LLC acquired a new stake in Home Bancshares during the third quarter worth $21,096,000. FMR LLC acquired a new stake in Home Bancshares during the fourth quarter worth $25,987,000. Victory Capital Management Inc. boosted its stake in Home Bancshares by 19,152.4% in the third quarter. Victory Capital Management Inc. now owns 905,440 shares of the financial services provider’s stock worth $18,842,000 after buying an additional 900,737 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Home Bancshares by 8.4% in the third quarter. BlackRock Fund Advisors now owns 8,346,234 shares of the financial services provider’s stock worth $173,685,000 after buying an additional 648,413 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.
Shares of Home Bancshares Inc (NASDAQ:HOMB) opened at 28.08 on Tuesday. The firm has a market capitalization of $4.03 billion, a PE ratio of 22.29 and a beta of 1.08. Home Bancshares Inc has a 12-month low of $18.32 and a 12-month high of $29.69. The company’s 50-day moving average price is $27.84 and its 200-day moving average price is $25.19.
Home Bancshares (NASDAQ:HOMB) last posted its earnings results on Thursday, January 19th. The financial services provider reported $0.35 EPS for the quarter, beating the 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 period in the prior year, the business earned $0.56 EPS. Analysts anticipate that Home Bancshares Inc will post $1.38 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 8th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Monday, February 6th. Home Bancshares’s payout ratio is 28.46%.
HOMB has been the subject of a number of recent analyst reports. Zacks Investment Research cut Home Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 20th. Raymond James Financial, Inc. cut Home Bancshares from an “outperform” rating to a “market perform” rating in a report on Thursday, December 15th. Sandler O’Neill raised Home Bancshares from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, January 24th. Finally, Keefe, Bruyette & Woods cut Home Bancshares from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 31st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Home Bancshares presently has an average rating of “Hold” and a consensus price target of $25.75.
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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