Home BancShares, Inc. (HOMB) Holdings Cut by SG Americas Securities LLC
SG Americas Securities LLC cut its position in Home BancShares, Inc. (NASDAQ:HOMB) by 60.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,839 shares of the financial services provider’s stock after selling 25,320 shares during the quarter. SG Americas Securities LLC’s holdings in Home BancShares were worth $425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Bank & Trust purchased a new stake in Home BancShares in the 3rd quarter worth approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Home BancShares by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock valued at $120,000 after buying an additional 379 shares in the last quarter. Advisor Group Inc. raised its position in shares of Home BancShares by 11.7% during the 2nd 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. Sei Investments Co. raised its position in shares of Home BancShares by 144.7% during the 3rd quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock valued at $177,000 after buying an additional 4,163 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Home BancShares during the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 63.46% of the company’s stock.
HOMB has been the topic of several research reports. Piper Jaffray Companies restated a “neutral” rating and set a $27.00 price objective on shares of Home BancShares in a research report on Thursday, October 5th. ValuEngine cut shares of Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Stephens restated an “overweight” rating and set a $28.00 price objective (down previously from $29.00) on shares of Home BancShares in a research report on Tuesday, September 12th. Royal Bank of Canada restated a “hold” rating and set a $28.00 price objective on shares of Home BancShares in a research report on Friday, October 20th. Finally, BidaskClub cut shares of Home BancShares from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.79.
In other Home BancShares news, Director Jim Rankin bought 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average price of $21.29 per share, for a total transaction of $31,935.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.27% of the stock is owned by company insiders.
Home BancShares, Inc. (NASDAQ:HOMB) opened at $22.79 on Thursday. The company has a market cap of $4,020.00, a price-to-earnings ratio of 16.53 and a beta of 1.18. Home BancShares, Inc. has a 52-week low of $20.82 and a 52-week high of $29.69. 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 (NASDAQ:HOMB) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $128.23 million during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $0.33 EPS. analysts forecast that Home BancShares, Inc. will post 1.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Tuesday, November 14th. Home BancShares’s payout ratio is presently 39.29%.
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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