Fenimore Asset Management Inc. lessened its holdings in Home Bancshares Inc (NASDAQ:HOMB) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,509 shares of the financial services provider’s stock after selling 1,300 shares during the period. Fenimore Asset Management Inc. owned approximately 0.10% of Home Bancshares worth $2,737,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. OppenheimerFunds Inc. acquired a new position in Home Bancshares in the second quarter worth about $214,000. Nomura Holdings Inc. acquired a new position in Home Bancshares in the second quarter worth about $249,000. Virtu Financial LLC acquired a new position in Home Bancshares in the third quarter worth about $261,000. BB&T Securities LLC acquired a new position in Home Bancshares in the second quarter worth about $264,000. Finally, Tower Research Capital LLC TRC grew its stake in Home Bancshares by 491.2% during the third quarter. Tower Research Capital LLC TRC now owns 15,312 shares of the financial services provider’s stock worth $335,000 after buying an additional 12,722 shares during the last quarter. 65.62% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Tracy French purchased 2,500 shares of the firm’s stock in a transaction dated Friday, October 19th. The shares were acquired at an average cost of $19.25 per share, with a total value of $48,125.00. Following the completion of the purchase, the insider now directly owns 112,601 shares of the company’s stock, valued at $2,167,569.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.15% of the stock is owned by corporate insiders.
Shares of Home Bancshares stock opened at $18.08 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 13.39 and a beta of 1.22. Home Bancshares Inc has a 1-year low of $15.35 and a 1-year high of $25.38.
Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01. Home Bancshares had a net margin of 32.68% and a return on equity of 12.73%. The business had revenue of $171.76 million for the quarter, compared to analysts’ expectations of $171.67 million. During the same period in the prior year, the firm earned $0.10 earnings per share. As a group, equities analysts anticipate that Home Bancshares Inc will post 1.77 EPS for the current year.
Several analysts have weighed in on HOMB shares. Zacks Investment Research raised shares of Home Bancshares from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, September 19th. BidaskClub cut shares of Home Bancshares from a “sell” rating to a “strong sell” rating in a research note on Friday, September 28th. ValuEngine cut shares of Home Bancshares from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Stephens reaffirmed a “buy” rating and set a $28.00 price objective on shares of Home Bancshares in a research note on Thursday, October 18th. Finally, Citigroup decreased their price objective on shares of Home Bancshares from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, October 19th. Three equities research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.50.
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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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