821,391 Shares in Home Bancshares Inc (HOMB) Acquired by Norges Bank

Norges Bank bought a new stake in Home Bancshares Inc (NASDAQ:HOMB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 821,391 shares of the financial services provider’s stock, valued at approximately $13,421,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new position in shares of Home Bancshares in the fourth quarter valued at approximately $33,000. JOYN Advisors Inc. lifted its position in shares of Home Bancshares by 882.1% in the fourth quarter. JOYN Advisors Inc. now owns 2,033 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 1,826 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Home Bancshares by 22.7% in the fourth quarter. Bessemer Group Inc. now owns 3,650 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 675 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Home Bancshares by 13.9% in the fourth quarter. Advisor Group Inc. now owns 8,956 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 1,096 shares in the last quarter. Finally, Claybrook Capital LLC purchased a new position in shares of Home Bancshares in the fourth quarter valued at approximately $175,000. Institutional investors and hedge funds own 67.67% of the company’s stock.

HOMB stock opened at $19.25 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.01 and a debt-to-equity ratio of 0.62. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 11.00 and a beta of 1.14. Home Bancshares Inc has a 52-week low of $15.35 and a 52-week high of $24.56.

Home Bancshares (NASDAQ:HOMB) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $163.14 million during the quarter, compared to analysts’ expectations of $163.93 million. Home Bancshares had a return on equity of 12.95% and a net margin of 37.12%. During the same quarter last year, the firm earned $0.42 earnings per share. As a group, equities research analysts anticipate that Home Bancshares Inc will post 1.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.13 per share. This is a boost from Home Bancshares’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.52 annualized dividend and a yield of 2.70%. Home Bancshares’s dividend payout ratio (DPR) is 27.43%.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Home Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Stephens set a $22.00 price objective on Home Bancshares and gave the stock a “buy” rating in a research report on Monday, April 22nd. ValuEngine upgraded Home Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, April 19th. Piper Jaffray Companies set a $23.00 price objective on Home Bancshares and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, Barclays assumed coverage on Home Bancshares in a research report on Monday, February 11th. They set an “equal weight” rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $23.60.

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Home Bancshares Company 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, demand, 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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