Bessemer Group Inc. Has $572,000 Holdings in Home Bancshares Inc (HOMB)
Bessemer Group Inc. cut its position in shares of Home Bancshares Inc (NASDAQ:HOMB) by 63.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,634 shares of the financial services provider’s stock after selling 42,521 shares during the period. Bessemer Group Inc.’s holdings in Home Bancshares were worth $572,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of HOMB. FMR LLC lifted its stake in Home Bancshares by 25.1% during the second quarter. FMR LLC now owns 1,176,400 shares of the financial services provider’s stock valued at $29,292,000 after buying an additional 235,700 shares in the last quarter. California Public Employees Retirement System lifted its stake in Home Bancshares by 8.4% during the second quarter. California Public Employees Retirement System now owns 202,000 shares of the financial services provider’s stock valued at $5,030,000 after buying an additional 15,700 shares in the last quarter. Advisor Group Inc. lifted its stake in Home Bancshares by 11.7% during the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after buying an additional 554 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in Home Bancshares during the second quarter valued at about $626,000. Finally, Stifel Financial Corp lifted its stake in Home Bancshares by 215.2% during the second quarter. Stifel Financial Corp now owns 24,996 shares of the financial services provider’s stock valued at $624,000 after buying an additional 17,066 shares in the last quarter. 63.70% of the stock is owned by institutional investors.
A number of analysts have commented on the stock. BidaskClub raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Sandler O’Neill set a $26.00 price target on shares of Home Bancshares and gave the stock a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $30.00 price target on shares of Home Bancshares in a research report on Friday, December 22nd. Finally, Piper Jaffray Companies set a $25.00 price target on shares of Home Bancshares and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Home Bancshares presently has a consensus rating of “Hold” and a consensus price target of $27.50.
Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $164.30 million during the quarter, compared to analyst estimates of $165.40 million. Home Bancshares had a net margin of 21.79% and a return on equity of 11.18%. The firm’s revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. research analysts anticipate that Home Bancshares Inc will post 1.74 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 14th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Tuesday, February 13th. Home Bancshares’s dividend payout ratio (DPR) is 48.35%.
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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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