Nationwide Fund Advisors Raises Holdings in Home BancShares, Inc. (HOMB)

Nationwide Fund Advisors grew its position in shares of Home BancShares, Inc. (NASDAQ:HOMB) by 33.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 383,973 shares of the financial services provider’s stock after purchasing an additional 95,885 shares during the quarter. Nationwide Fund Advisors owned approximately 0.27% of Home BancShares worth $9,684,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Home BancShares by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock worth $120,000 after buying an additional 379 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Home BancShares by 11.7% during the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock worth $132,000 after buying an additional 554 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Home BancShares during the second quarter worth about $212,000. Fortaleza Asset Management Inc. grew its holdings in shares of Home BancShares by 84.7% during the second quarter. Fortaleza Asset Management Inc. now owns 8,667 shares of the financial services provider’s stock worth $216,000 after buying an additional 3,975 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its holdings in shares of Home BancShares by 70.3% during the second quarter. Riverhead Capital Management LLC now owns 8,854 shares of the financial services provider’s stock worth $220,000 after buying an additional 3,654 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Shares of Home BancShares, Inc. (NASDAQ:HOMB) opened at $22.91 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $4,077.15, a PE ratio of 17.39 and a beta of 1.17. Home BancShares, Inc. has a 12-month low of $20.82 and a 12-month high of $29.69.

Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). The firm had revenue of $128.23 million during the quarter, compared to analyst estimates of $135.55 million. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. During the same quarter in the previous year, the business earned $0.33 EPS. equities analysts forecast that Home BancShares, Inc. will post 1.36 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th were given a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.92%. Home BancShares’s payout ratio is currently 38.94%.

A number of research firms recently issued reports on HOMB. Zacks Investment Research raised Home BancShares from a “sell” rating to a “hold” rating in a report on Tuesday. Sandler O’Neill lowered Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a report on Friday, October 20th. Piper Jaffray Companies set a $25.00 price target on Home BancShares and gave the stock a “hold” rating in a report on Tuesday, October 24th. Royal Bank Of Canada reissued a “hold” rating and set a $28.00 price target on shares of Home BancShares in a report on Friday, October 20th. Finally, Stephens reissued an “overweight” rating and set a $28.00 price target (down previously from $29.00) on shares of Home BancShares in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $27.79.

In other news, Director Jim Rankin acquired 1,337 shares of Home BancShares stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $21.45 per share, for a total transaction of $28,678.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.27% of the stock is owned by company insiders.

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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).

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

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