Home BancShares, Inc. (HOMB) Shares Bought by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC grew its stake in Home BancShares, Inc. (NASDAQ:HOMB) by 25.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 402,982 shares of the financial services provider’s stock after buying an additional 80,959 shares during the period. TIAA CREF Investment Management LLC owned 0.28% of Home BancShares worth $10,034,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position in Home BancShares by 37,629.8% in the 1st quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock valued at $444,776,000 after purchasing an additional 16,387,044 shares during the last quarter. Vanguard Group Inc. raised its position in Home BancShares by 9.6% in the 1st quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock valued at $300,852,000 after purchasing an additional 973,217 shares during the last quarter. Pier Capital LLC purchased a new stake in Home BancShares in the 2nd quarter valued at $5,664,000. State Street Corp raised its position in Home BancShares by 4.9% in the 1st quarter. State Street Corp now owns 4,520,817 shares of the financial services provider’s stock valued at $122,383,000 after purchasing an additional 212,972 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Home BancShares by 21.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,198,720 shares of the financial services provider’s stock valued at $29,848,000 after purchasing an additional 208,180 shares during the last quarter. Institutional investors and hedge funds own 60.59% of the company’s stock.
Several analysts recently commented on HOMB shares. Stephens reiterated an “overweight” rating and issued a $28.00 price target (down previously from $29.00) on shares of Home BancShares in a research report on Tuesday, September 12th. Zacks Investment Research downgraded shares of Home BancShares from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. BidaskClub downgraded shares of Home BancShares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies reiterated a “hold” rating and issued a $27.00 price target on shares of Home BancShares in a research report on Friday, July 21st. Finally, ValuEngine downgraded shares of Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $28.58.
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In other news, insider Tracy French purchased 3,100 shares of Home BancShares stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $23.54 per share, with a total value of $72,974.00. Following the completion of the acquisition, the insider now owns 102,268 shares in the company, valued at approximately $2,407,388.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman John W. Allison purchased 15,000 shares of Home BancShares stock in a transaction dated Monday, July 24th. The shares were purchased at an average cost of $24.68 per share, with a total value of $370,200.00. Following the acquisition, the chairman now owns 4,953,896 shares of the company’s stock, valued at approximately $122,262,153.28. The disclosure for this purchase can be found here. In the last three months, insiders have bought 33,100 shares of company stock valued at $825,074. Corporate insiders own 11.27% of the company’s stock.
Home BancShares, Inc. (NASDAQ:HOMB) opened at 25.71 on Friday. The stock has a market cap of $3.68 billion, a P/E ratio of 19.23 and a beta of 1.19. The firm’s 50-day moving average is $23.61 and its 200-day moving average is $24.66. Home BancShares, Inc. has a 12 month low of $19.74 and a 12 month high of $29.69.
Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. The company had revenue of $131.77 million during the quarter, compared to the consensus estimate of $132.18 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, equities analysts forecast that Home BancShares, Inc. will post $1.38 earnings per share for the current fiscal year.
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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