Nationwide Fund Advisors boosted its stake in Home BancShares Inc. (NASDAQ:HOMB) by 115.0% during the second quarter, Holdings Channel reports. The firm owned 79,349 shares of the financial services provider’s stock after buying an additional 42,440 shares during the period. Nationwide Fund Advisors owned approximately 0.06% of Home BancShares worth $1,570,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HOMB. Delta Asset Management LLC TN boosted its position in shares of Home BancShares by 100.0% in the second quarter. Delta Asset Management LLC TN now owns 6,244 shares of the financial services provider’s stock valued at $124,000 after buying an additional 3,122 shares during the period. Bank of Montreal Can purchased a new position in shares of Home BancShares during the second quarter valued at about $133,000. BlackRock Inc. boosted its position in shares of Home BancShares by 130.7% in the first quarter. BlackRock Inc. now owns 3,745 shares of the financial services provider’s stock valued at $153,000 after buying an additional 2,122 shares during the period. Bessemer Group Inc. purchased a new position in shares of Home BancShares during the first quarter valued at about $164,000. Finally, Shelton Capital Management boosted its position in shares of Home BancShares by 100.0% in the second quarter. Shelton Capital Management now owns 10,232 shares of the financial services provider’s stock valued at $202,000 after buying an additional 5,116 shares during the period. 58.66% of the stock is owned by institutional investors and hedge funds.
Shares of Home BancShares Inc. (NASDAQ:HOMB) opened at 20.06 on Tuesday. Home BancShares Inc. has a 12 month low of $16.93 and a 12 month high of $23.75. The company’s 50-day moving average is $21.76 and its 200 day moving average is $21.17. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 17.75 and a beta of 0.96.
Home BancShares (NASDAQ:HOMB) last released its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Home BancShares had a net margin of 32.13% and a return on equity of 13.43%. During the same quarter last year, the business earned $0.50 earnings per share. On average, equities research analysts anticipate that Home BancShares Inc. will post $1.23 earnings per share for the current year.
A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Home BancShares from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Monday, July 25th. Sandler O’Neill lowered shares of Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a research note on Tuesday, September 13th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $22.78.
In related news, insider Tracy French sold 96,000 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $23.38, for a total value of $2,244,480.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jim F. Haynes, Jr. sold 3,250 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $21.47, for a total transaction of $69,777.50. The disclosure for this sale can be found here. Company insiders own 15.02% of the company’s stock.
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).