Macquarie Group Ltd. lowered its stake in shares of Home Bancshares Inc (NASDAQ:HOMB) by 15.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 186,405 shares of the financial services provider’s stock after selling 35,345 shares during the period. Macquarie Group Ltd. owned approximately 0.11% of Home Bancshares worth $4,205,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Home Bancshares by 5.8% in the 2nd quarter. BlackRock Inc. now owns 18,236,202 shares of the financial services provider’s stock worth $411,409,000 after buying an additional 1,006,179 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Home Bancshares by 41.3% in the 2nd quarter. American Century Companies Inc. now owns 2,100,845 shares of the financial services provider’s stock worth $47,395,000 after buying an additional 614,094 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Home Bancshares by 1,050.7% in the 1st quarter. Nuveen Asset Management LLC now owns 643,135 shares of the financial services provider’s stock worth $14,670,000 after buying an additional 587,243 shares during the last quarter. Maltese Capital Management LLC boosted its stake in shares of Home Bancshares by 92.5% in the 1st quarter. Maltese Capital Management LLC now owns 905,188 shares of the financial services provider’s stock worth $20,647,000 after buying an additional 435,061 shares during the last quarter. Finally, Fenimore Asset Management Inc. purchased a new position in shares of Home Bancshares in the 2nd quarter worth approximately $3,810,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

NASDAQ:HOMB opened at $22.38 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $4.01 billion, a P/E ratio of 15.01 and a beta of 1.17. Home Bancshares Inc has a 12 month low of $20.82 and a 12 month high of $25.89.

Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The company had revenue of $166.29 million for the quarter, compared to analysts’ expectations of $167.50 million. Home Bancshares had a net margin of 26.27% and a return on equity of 11.41%. During the same quarter in the previous year, the firm posted $0.35 EPS. sell-side analysts expect that Home Bancshares Inc will post 1.77 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Wednesday, August 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Tuesday, August 14th. This is a boost from Home Bancshares’s previous quarterly dividend of $0.11. Home Bancshares’s payout ratio is 35.56%.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Home Bancshares from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Wednesday, September 19th. ValuEngine downgraded Home Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. BidaskClub downgraded Home Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. Finally, Citigroup started coverage on Home Bancshares in a research note on Monday, June 18th. They issued a “buy” rating and a $28.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $27.17.

In related news, insider Jennifer C. Floyd sold 2,000 shares of Home Bancshares stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $23.88, for a total value of $47,760.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 9.15% of the company’s stock.

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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Institutional Ownership by Quarter for Home Bancshares (NASDAQ:HOMB)

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