ProShare Advisors LLC Sells 327,034 Shares of Home BancShares, Inc. $HOMB

ProShare Advisors LLC lessened its holdings in Home BancShares, Inc. (NYSE:HOMB – Free Report) by 26.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 921,870 shares of the financial services provider’s stock after selling 327,034 shares during the period. ProShare Advisors LLC owned approximately 0.46% of Home BancShares worth $25,978,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Root Financial Partners LLC increased its position in shares of Home BancShares by 76.9% during the first quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 474 shares during the period. IFP Advisors Inc boosted its holdings in Home BancShares by 490.4% in the third quarter. IFP Advisors Inc now owns 1,293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,074 shares during the period. Trust Co. of Vermont acquired a new position in Home BancShares during the 2nd quarter worth $41,000. Ancora Advisors LLC acquired a new position in Home BancShares during the 2nd quarter worth $45,000. Finally, Versant Capital Management Inc grew its stake in Home BancShares by 153.3% during the 2nd quarter. Versant Capital Management Inc now owns 1,857 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,124 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home BancShares Price Performance

Home BancShares stock opened at $30.44 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $29.37 and a 200-day simple moving average of $28.56. The stock has a market cap of $6.09 billion, a P/E ratio of 11.94 and a beta of 0.72. Home BancShares, Inc. has a 12-month low of $25.50 and a 12-month high of $31.70.

Home BancShares (NYSE:HOMB – Get Free Report) last posted its earnings results on Wednesday, October 14th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. Home BancShares had a return on equity of 11.14% and a net margin of 32.36%. The firm had revenue of $288.44 million for the quarter, compared to analyst estimates of $294.42 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. Home BancShares’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts expect that Home BancShares, Inc. will post 2.53 EPS for the current fiscal year.

Home BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 11th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. Home BancShares’s dividend payout ratio is presently 37.70%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HOMB. Stephens upped their price target on Home BancShares from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Hovde Group assumed coverage on Home BancShares in a research note on Tuesday, September 8th. They issued an “outperform” rating and a $34.00 price objective for the company. UBS Group reissued a “buy” rating on shares of Home BancShares in a research report on Friday, October 16th. Weiss Ratings upgraded shares of Home BancShares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.57.

View Our Latest Stock Report on HOMB

Insider Activity at Home BancShares

In other news, Director John W. Allison II sold 13,500 shares of the firm’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $30.06, for a total transaction of $405,810.00. Following the sale, the director owned 636,495 shares of the company’s stock, valued at approximately $19,133,039.70. This trade represents a 2.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.39% of the company’s stock.

About Home BancShares

(Free Report)

Home BancShares, Inc is a bank holding company headquartered in Conway, Arkansas. Through its principal subsidiary, Centennial Bank, the company provides banking services to businesses, individuals and institutions, including commercial and consumer lending, residential and commercial real estate loans, deposit accounts, cash management and online banking services.

Centennial Bank serves customers through a network of financial centers and digital banking channels in markets across Arkansas, Florida, Alabama and Texas.

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

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