Today, Nationwide Fund Advisors Reached $1,651,000 position of Home BancShares Inc. (HOMB)

Today, Nationwide Fund Advisors Reached $1,651,000 position  of Home BancShares Inc. (HOMB)
Nationwide Fund Advisors continued to hold its stake in Home BancShares Inc. (NASDAQ:HOMB) during the third quarter, according to its most recent disclosure with the SEC. The firm owned 79,349 shares of the financial services provider’s stock at the end of the third quarter. Nationwide Fund Advisors owned about 0.06% of Home BancShares worth $1,651,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HOMB. Skylands Capital LLC raised its stake in Home BancShares by 95.9% in the second quarter. Skylands Capital LLC now owns 104,800 shares of the financial services provider’s stock worth $2,074,000 after buying an additional 51,300 shares during the last quarter. New York State Teachers Retirement System raised its stake in Home BancShares by 100.0% in the second quarter. New York State Teachers Retirement System now owns 161,408 shares of the financial services provider’s stock worth $3,194,000 after buying an additional 80,704 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Home BancShares by 100.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 25,976 shares of the financial services provider’s stock worth $514,000 after buying an additional 12,988 shares during the last quarter. Kwmg LLC raised its stake in Home BancShares by 126.1% in the second quarter. Kwmg LLC now owns 24,761 shares of the financial services provider’s stock worth $490,000 after buying an additional 13,810 shares during the last quarter. Finally, 1st Global Advisors Inc. raised its stake in Home BancShares by 96.2% in the second quarter. 1st Global Advisors Inc. now owns 16,716 shares of the financial services provider’s stock worth $331,000 after buying an additional 8,198 shares during the last quarter. 59.97% of the stock is owned by institutional investors and hedge funds.

Shares of Home BancShares Inc. (NASDAQ:HOMB) traded down 0.15% during mid-day trading on Friday, hitting $26.67. 201,907 shares of the stock traded hands. Home BancShares Inc. has a one year low of $16.93 and a one year high of $27.10. The company has a market cap of $3.75 billion, a P/E ratio of 22.62 and a beta of 0.96. The stock has a 50 day moving average price of $22.55 and a 200-day moving average price of $21.61.

Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. Home BancShares had a return on equity of 13.46% and a net margin of 32.41%. During the same period in the previous year, the business posted $0.53 earnings per share. On average, analysts forecast that Home BancShares Inc. will post $1.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 16th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Monday, November 14th. Home BancShares’s dividend payout ratio (DPR) is presently 30.38%.

A number of equities research analysts have recently issued reports on the stock. Merion Capital Group reaffirmed a “neutral” rating on shares of Home BancShares in a report on Friday, November 11th. Merion Cap Grp cut shares of Home BancShares from an “outperform” rating to a “neutral” rating in a research report on Friday, November 11th. Keefe, Bruyette & Woods cut shares of Home BancShares from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a research report on Thursday, November 10th. Sandler O’Neill cut shares of Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research report on Tuesday, September 13th. Finally, Zacks Investment Research cut shares of Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.91.

In related news, Director Alex R. Lieblong sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $23.01, for a total transaction of $575,250.00. Following the transaction, the director now directly owns 805,004 shares of the company’s stock, valued at approximately $18,523,142.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dale Bruns sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $26.30, for a total value of $526,000.00. The disclosure for this sale can be found here. Corporate insiders own 15.02% of the company’s stock.

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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