Philadelphia Financial Management of San Francisco LLC acquired a new stake in Home Bancshares Inc (NASDAQ:HOMB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 535,509 shares of the financial services provider’s stock, valued at approximately $12,451,000. Home Bancshares makes up approximately 1.8% of Philadelphia Financial Management of San Francisco LLC’s portfolio, making the stock its 27th biggest position. Philadelphia Financial Management of San Francisco LLC owned 0.31% of Home Bancshares at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of HOMB. Nationwide Fund Advisors grew its position in Home Bancshares by 33.3% in the third quarter. Nationwide Fund Advisors now owns 383,973 shares of the financial services provider’s stock valued at $9,684,000 after acquiring an additional 95,885 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Home Bancshares by 64.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 20,269 shares of the financial services provider’s stock valued at $511,000 after acquiring an additional 7,908 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Home Bancshares in the third quarter valued at approximately $403,000. Prudential Financial Inc. grew its position in Home Bancshares by 213.0% in the third quarter. Prudential Financial Inc. now owns 441,314 shares of the financial services provider’s stock valued at $11,130,000 after acquiring an additional 300,306 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Home Bancshares by 876.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 46,530 shares of the financial services provider’s stock valued at $1,173,000 after acquiring an additional 41,767 shares in the last quarter. 64.94% of the stock is owned by institutional investors.
In other news, Director Richard H. Ashley sold 300,000 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $25.01, for a total transaction of $7,503,000.00. Following the completion of the transaction, the director now directly owns 145,354 shares in the company, valued at approximately $3,635,303.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 9.15% of the company’s stock.
Home Bancshares Inc (NASDAQ:HOMB) traded down $0.01 during trading on Wednesday, hitting $24.58. The stock had a trading volume of 34,579 shares, compared to its average volume of 881,334. The stock has a market cap of $4,309.87, a PE ratio of 27.02 and a beta of 1.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.03 and a current ratio of 1.03. Home Bancshares Inc has a 12 month low of $20.82 and a 12 month high of $28.60.
Home Bancshares (NASDAQ:HOMB) last released its earnings results on Thursday, January 18th. The financial services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $165.40 million. Home Bancshares had a return on equity of 11.18% and a net margin of 21.79%. The business’s revenue was up 28.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. equities analysts forecast that Home Bancshares Inc will post 1.75 EPS for the current year.
Home Bancshares declared that its Board of Directors has initiated a stock buyback program on Thursday, February 22nd that permits the company to buyback 5,000,000 outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Tuesday, February 13th. Home Bancshares’s dividend payout ratio (DPR) is currently 48.35%.
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Home Bancshares 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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