Stoneridge Investment Partners LLC Acquires 77,074 Shares of Home BancShares Inc. (HOMB)
Stoneridge Investment Partners LLC raised its stake in shares of Home BancShares Inc. (NASDAQ:HOMB) by 418.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,482 shares of the financial services provider’s stock after buying an additional 77,074 shares during the period. Stoneridge Investment Partners LLC owned about 0.07% of Home BancShares worth $1,890,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of HOMB. Goldman Sachs Group Inc. raised its position in shares of Home BancShares by 12.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,122,610 shares of the financial services provider’s stock worth $45,971,000 after buying an additional 127,469 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of Home BancShares by 148.0% in the first quarter. Loomis Sayles & Co. L P now owns 938,702 shares of the financial services provider’s stock worth $38,439,000 after buying an additional 560,126 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Home BancShares by 4.0% in the first quarter. Geode Capital Management LLC now owns 435,998 shares of the financial services provider’s stock worth $17,854,000 after buying an additional 16,746 shares in the last quarter. Norges Bank purchased a new position in shares of Home BancShares during the fourth quarter worth approximately $16,276,000. Finally, Nuveen Asset Management LLC purchased a new position in shares of Home BancShares during the first quarter worth approximately $15,478,000. Institutional investors and hedge funds own 58.73% of the company’s stock.
Shares of Home BancShares Inc. (NASDAQ:HOMB) traded up 0.89% during midday trading on Wednesday, hitting $22.55. 385,262 shares of the stock were exchanged. The stock’s 50 day moving average is $22.26 and its 200 day moving average is $21.15. Home BancShares Inc. has a 12-month low of $16.93 and a 12-month high of $23.75. The firm has a market cap of $3.17 billion, a P/E ratio of 19.96 and a beta of 0.99.
Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Home BancShares had a net margin of 32.13% and a return on equity of 13.43%. During the same period in the prior year, the firm posted $0.50 earnings per share. On average, equities research analysts forecast that Home BancShares Inc. will post $1.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.60%. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, August 8th. Home BancShares’s dividend payout ratio (DPR) is presently 31.72%.
HOMB has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Sandler O’Neill lowered shares of Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 price objective on the stock. in a report on Tuesday, September 13th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $22.78.
In other news, insider Russell Davis Carter III sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $21.22, for a total transaction of $169,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tracy French sold 96,000 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $23.38, for a total transaction of $2,244,480.00. The disclosure for this sale can be found here. Insiders own 15.02% of the company’s stock.
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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