Prudential Financial Inc. Increases Stake in Home BancShares, Inc. (HOMB)

Prudential Financial Inc. grew its stake in shares of Home BancShares, Inc. (NASDAQ:HOMB) by 213.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 441,314 shares of the financial services provider’s stock after purchasing an additional 300,306 shares during the period. Prudential Financial Inc. owned approximately 0.31% of Home BancShares worth $11,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HOMB. State Street Corp increased its stake in Home BancShares by 34.9% in the 2nd quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock valued at $151,902,000 after buying an additional 1,579,605 shares during the last quarter. Northern Trust Corp increased its stake in Home BancShares by 19.6% in the 2nd quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock valued at $86,419,000 after buying an additional 569,061 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Home BancShares by 7.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,259,933 shares of the financial services provider’s stock valued at $56,272,000 after buying an additional 166,283 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Home BancShares by 865.4% during the 2nd quarter. Voya Investment Management LLC now owns 1,345,605 shares of the financial services provider’s stock valued at $33,505,000 after acquiring an additional 1,206,224 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Home BancShares by 21.0% during 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 acquiring an additional 208,180 shares during the period. Hedge funds and other institutional investors own 54.95% of the company’s stock.

In other Home BancShares news, Director Jim Rankin acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average price of $21.29 per share, with a total value of $31,935.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.27% of the company’s stock.

Shares of Home BancShares, Inc. (NASDAQ:HOMB) opened at $22.34 on Wednesday. The firm has a market cap of $3,856.63, a PE ratio of 16.45 and a beta of 1.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.01 and a current ratio of 1.01. Home BancShares, Inc. has a 52 week low of $20.82 and a 52 week high of $29.69.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, November 14th. Home BancShares’s payout ratio is currently 38.94%.

HOMB has been the subject of a number of research reports. Zacks Investment Research raised shares of Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, July 25th. ValuEngine downgraded shares of Home BancShares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Piper Jaffray Companies set a $25.00 price objective on shares of Home BancShares and gave the stock a “hold” rating in a report on Tuesday, October 24th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Home BancShares in a report on Friday, October 20th. Finally, Sandler O’Neill downgraded shares of Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.79.

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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).

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

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