Horrell Capital Management Lowers stake in Home Bancshares Inc (HOMB)

Home Bancshares Inc (HOMB) : Horrell Capital Management reduced its stake in Home Bancshares Inc by 0.51% during the most recent quarter end. The investment management company now holds a total of 107,448 shares of Home Bancshares Inc which is valued at $2,238,142 after selling 552 shares in Home Bancshares Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Home Bancshares Inc makes up approximately 1.40% of Horrell Capital Management’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in HOMB in the latest quarter, The investment management firm added 115,900 additional shares and now holds a total of 139,100 shares of Home Bancshares Inc which is valued at $2,897,453. Home Bancshares Inc makes up approx 0.01% of Strs Ohio’s portfolio.Stoneridge Investment Partners boosted its stake in HOMB in the latest quarter, The investment management firm added 58,666 additional shares and now holds a total of 95,482 shares of Home Bancshares Inc which is valued at $1,988,890. Home Bancshares Inc makes up approx 0.28% of Stoneridge Investment Partners’s portfolio.Raymond James Trust N.a. reduced its stake in HOMB by selling 818 shares or 6.55% in the most recent quarter. The Hedge Fund company now holds 11,672 shares of HOMB which is valued at $230,289. Home Bancshares Inc makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.

Home Bancshares Inc closed down -0.13 points or -0.62% at $20.87 with 5,71,184 shares getting traded on Friday. Post opening the session at $20.83, the shares hit an intraday low of $20.8 and an intraday high of $20.99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Home Bancshares Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.30.Analysts expectations of $ 121.12.During the same quarter in the previous year, the company posted $0.50 EPS.

Investors should note that on Jul 20, 2016, Home Bancshares Inc announced a cash dividend of $0.0900. The company’s management has announced Aug 8, 2016 as the ex-dividend date and fixed the record date on Aug 10, 2016. The payable date has been fixed on Aug 31, 2016.

Home BancShares Inc. is a bank holding company. The company is primarily 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 wholly owned community bank subsidiary Centennial Bank (the Bank). The Bank has locations in Arkansas Florida and South Alabama. The Company provides loans to single and multi-family real estate residential construction and commercial buildings. In addition it also makes loans to small and medium-sized commercial businesses as well as to consumers. Securities held to maturity include any security for which the Company has the positive intent and ability to hold until maturity. It offers a range of deposit services including checking savings money market accounts and certificates of deposit. The Company obtains its deposits from individuals and small businesses and municipalities in its market areas.

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