Geode Capital Management LLC Raises Holdings in Home Bancshares Inc (NASDAQ:HOMB)

Geode Capital Management LLC grew its holdings in Home Bancshares Inc (NASDAQ:HOMB) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,859,740 shares of the financial services provider’s stock after purchasing an additional 147,014 shares during the period. Geode Capital Management LLC owned about 1.08% of Home Bancshares worth $30,388,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. increased its holdings in shares of Home Bancshares by 22.7% in the 4th quarter. Bessemer Group Inc. now owns 3,650 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 675 shares during the period. Advisor Group Inc. grew its stake in shares of Home Bancshares by 13.9% in the 4th quarter. Advisor Group Inc. now owns 8,956 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,096 shares in the last quarter. Horrell Capital Management Inc. grew its stake in shares of Home Bancshares by 0.9% in the 4th quarter. Horrell Capital Management Inc. now owns 124,116 shares of the financial services provider’s stock valued at $2,028,000 after buying an additional 1,132 shares in the last quarter. Raymond James & Associates grew its stake in shares of Home Bancshares by 4.7% in the 4th quarter. Raymond James & Associates now owns 27,891 shares of the financial services provider’s stock valued at $456,000 after buying an additional 1,260 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Home Bancshares by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 154,520 shares of the financial services provider’s stock valued at $3,384,000 after buying an additional 1,477 shares in the last quarter. Institutional investors own 67.67% of the company’s stock.

A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Home Bancshares from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine raised Home Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday. BidaskClub raised Home Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. Finally, Stephens reiterated a “buy” rating and set a $22.00 price objective on shares of Home Bancshares in a research note on Monday, March 18th. One 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’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.00.

HOMB stock traded up $0.17 during midday trading on Friday, reaching $19.12. The stock had a trading volume of 1,180,093 shares, compared to its average volume of 883,927. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 10.93 and a beta of 1.14. Home Bancshares Inc has a twelve month low of $15.35 and a twelve month high of $24.56. The company has a quick ratio of 1.05, a current ratio of 1.01 and a debt-to-equity ratio of 0.62.

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 Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $163.14 million during the quarter, compared to analyst estimates of $163.93 million. Home Bancshares had a return on equity of 12.95% and a net margin of 37.12%. During the same period in the previous year, the company earned $0.42 EPS. Sell-side analysts predict that Home Bancshares Inc will post 1.77 earnings per share for the current fiscal year.

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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.

Further Reading: Growth Stocks

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

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