Sheaff Brock Investment Advisors buys $10,499,663 stake in Home Bancshares Inc (HOMB)

Home Bancshares Inc (HOMB) : Sheaff Brock Investment Advisors scooped up 27,690 additional shares in Home Bancshares Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 244,235 shares of Home Bancshares Inc which is valued at $10,499,663.Home Bancshares Inc makes up approximately 1.29% of Sheaff Brock Investment Advisors’s portfolio.

Home Bancshares Inc opened for trading at $43.02 and hit $43.51 on the upside on Monday, eventually ending the session at $43.47, with a gain of 1.12% or 0.48 points. The heightened volatility saw the trading volume jump to 2,02,844 shares. Company has a market cap of $3,052 M.

Other Hedge Funds, Including , Quantitative Systematic Strategies sold out all of its stake in HOMB during the most recent quarter. The investment firm sold 17,150 shares of HOMB which is valued $745,339. Vontobel Asset Management Inc sold out all of its stake in HOMB during the most recent quarter. The investment firm sold 92,600 shares of HOMB which is valued $4,024,396.New York State Teachers Retirement System boosted its stake in HOMB in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 80,704 shares of Home Bancshares Inc which is valued at $3,507,396. Home Bancshares Inc makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.Capstone Asset Management Co reduced its stake in HOMB by selling 740 shares or 3.45% in the most recent quarter. The Hedge Fund company now holds 20,734 shares of HOMB which is valued at $861,083. Home Bancshares Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Home Bancshares Inc reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.57. The company had revenue of $124.72 million for the quarter, compared to analysts expectations of $119.69 million. The company’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Home Bancshares Inc. Piper Jaffray Initiated Home Bancshares Inc on Apr 7, 2016 to “Neutral”, Price Target of the shares are set at $44.50.

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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