GSA Capital Partners LLP Raises Stake in Home Bancshares Inc (HOMB)
GSA Capital Partners LLP grew its position in Home Bancshares Inc (NASDAQ:HOMB) by 71.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,974 shares of the financial services provider’s stock after buying an additional 28,776 shares during the quarter. GSA Capital Partners LLP’s holdings in Home Bancshares were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of HOMB. Arizona State Retirement System grew its stake in Home Bancshares by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 109,535 shares of the financial services provider’s stock worth $2,471,000 after purchasing an additional 2,551 shares in the last quarter. Retirement Systems of Alabama grew its stake in Home Bancshares by 1.6% during the 3rd quarter. Retirement Systems of Alabama now owns 207,660 shares of the financial services provider’s stock worth $4,548,000 after purchasing an additional 3,365 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in Home Bancshares by 2.1% during the 2nd quarter. MetLife Investment Advisors LLC now owns 171,942 shares of the financial services provider’s stock worth $3,879,000 after purchasing an additional 3,497 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Home Bancshares by 4.0% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 94,618 shares of the financial services provider’s stock worth $2,135,000 after purchasing an additional 3,617 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in Home Bancshares by 2.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 187,513 shares of the financial services provider’s stock worth $4,118,000 after purchasing an additional 3,874 shares in the last quarter. 65.64% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on HOMB. ValuEngine raised Home Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. Zacks Investment Research cut Home Bancshares from a “buy” rating to a “hold” rating in a research note on Monday, September 3rd. BidaskClub cut Home Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. Stephens reissued a “buy” rating and set a $28.00 target price on shares of Home Bancshares in a research note on Thursday, October 18th. Finally, Citigroup lowered their target price on Home Bancshares from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, October 19th. Two investment analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $26.50.
Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. The company had revenue of $171.76 million during the quarter, compared to the consensus estimate of $171.67 million. Home Bancshares had a return on equity of 12.73% and a net margin of 32.68%. During the same period in the previous year, the business earned $0.10 EPS. On average, equities research analysts expect that Home Bancshares Inc will post 1.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Shareholders of record on Wednesday, November 14th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Tuesday, November 13th. Home Bancshares’s dividend payout ratio (DPR) is 35.56%.
In other Home Bancshares news, insider Tracy French purchased 2,500 shares of the firm’s stock in a transaction on Friday, October 19th. The stock was bought at an average cost of $19.25 per share, with a total value of $48,125.00. Following the acquisition, the insider now directly owns 112,601 shares of the company’s stock, valued at $2,167,569.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.15% of the stock is owned by insiders.
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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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