Comerica Bank Has $3.57 Million Stake in Home BancShares, Inc. (HOMB)
Comerica Bank increased its position in shares of Home BancShares, Inc. (NASDAQ:HOMB) by 59.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 157,590 shares of the financial services provider’s stock after buying an additional 58,832 shares during the quarter. Comerica Bank owned about 0.09% of Home BancShares worth $3,566,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Bank & Trust purchased a new stake in Home BancShares in the third quarter valued at approximately $117,000. Oregon Public Employees Retirement Fund purchased a new stake in Home BancShares in the second quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Home BancShares by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 379 shares during the period. Advisor Group Inc. raised its position in Home BancShares by 11.7% in the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 554 shares during the period. Finally, Sei Investments Co. raised its position in Home BancShares by 144.7% in the third quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 4,163 shares during the period. 54.95% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on the company. Piper Jaffray Companies reissued a “neutral” rating and issued a $27.00 target price on shares of Home BancShares in a research report on Thursday, October 5th. Sandler O’Neill lowered Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research report on Friday, October 20th. Royal Bank Of Canada reissued a “hold” rating and issued a $28.00 target price on shares of Home BancShares in a research report on Friday, October 20th. ValuEngine lowered Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research lowered Home BancShares from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $27.79.
Home BancShares, Inc. (NASDAQ HOMB) opened at $22.23 on Monday. The company has a market cap of $3,860.00, a price-to-earnings ratio of 16.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 1.01. Home BancShares, Inc. has a 12 month low of $20.82 and a 12 month high of $29.69.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The business had revenue of $128.23 million during the quarter, compared to analyst estimates of $135.55 million. Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. During the same quarter last year, the firm earned $0.33 EPS. sell-side analysts forecast that Home BancShares, Inc. will post 1.36 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.98%. Home BancShares’s dividend payout ratio (DPR) is 39.29%.
In other Home BancShares news, Director Jim Rankin purchased 1,337 shares of the company’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $21.45 per share, for a total transaction of $28,678.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.27% of the company’s stock.
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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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