Economy

Institutional Investor Sentiment About First Bancshares Inc (NASDAQ:FBMS) Increased

Tower Rech Cap Limited Liability Com (Trc) reported 0% of its portfolio in First Bancshares Inc (NASDAQ:FBMS). Victory Capital reported 1.01 million shares stake.

Among 11 analysts covering Home Bancshares Inc. After having $0.44 EPS previously, First Bancshares Inc's analysts see 0.00% EPS growth. Moreover, Fj Cap Ltd Llc has 0.74% invested in First Bancshares Inc (NASDAQ:FBMS) for 202,000 shares. The rating was upgraded by Wood to "Outperform" on Thursday, July 27. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. The company has market cap of $265.43 million. The legal version of this article can be viewed at https://www.equitiesfocus.com/2017/09/20/home-bancshares-inc-homb-downgraded-by-zacks-investment-research-to-sell.html. The stock's average target of $32.50 is 12.46% above today's ($28.9) share price. State Street Corp increased its stake in shares of Home BancShares by 34.9% in the 2nd quarter. The stock has "Buy" rating by Stephens on Tuesday, July 25. Wood upgraded the stock to "Outperform" rating in Thursday, July 27 report. Out of 4 Wall Street analysts rating First Bancshares, 3 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". It closed at $28.15 lastly. Also, insider Tracy French purchased 3,100 shares of the firm's stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $23.54 per share, with a total value of $72,974.00. Moreover, Stieven Capital Advisors L.P. has 2.5% invested in the company for 461,393 shares. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

In other Home BancShares news, Chairman John W. Allison purchased 15,000 shares of the firm's stock in a transaction on Monday, July 24th. The stock was bought at an average price of $24.68 per share, with a total value of $370,200.00. Following the completion of the transaction, the chairman now directly owns 4,953,896 shares in the company, valued at $122,262,153.28. The disclosure for this purchase can be found here. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider's stock worth $120,000 after acquiring an additional 379 shares in the last quarter.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Home BancShares by 37,629.8% during the 1st quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider's stock worth $132,000 after purchasing an additional 554 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in Home BancShares in the second quarter worth $119,000. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider's stock worth $120,000 after purchasing an additional 379 shares during the period. The value of the company's investment in Home BancShares, Inc. went from $1,557,000 to $1,545,000 a change of $12,000 quarter to quarter. As of the end of the quarter William Blair Investment Management, LLC had sold 731,235 shares trimming its stake by 91.0%.

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)'s performance this year to date is -17.57%. Finally, Northern Trust Corp increased its holdings in shares of Home BancShares by 19.6% in the 2nd quarter. The Company's operating divisions include Germany, consisting of fixed-network and mobile activities in Germany; United States, which consists of mobile activities in the United States market; Europe, consisting of fixed-network and mobile activities of the national companies in various European countries, such as Greece, Romania, Hungary, Poland, the Czech Republic, Croatia, the Netherlands and Austria; Systems Solutions, which operates information and communication technology (ICT) systems for multinational firms and public sector institutions, and Group Headquarters & Group Services, which consists of the activities of service headquarters and various other subsidiaries of the Company. If you are accessing this news story on another publication, it was illegally copied and republished in violation of global copyright & trademark law. Delta Asset Limited Co Tn holds 0.03% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB) for 6,244 shares.

Shares of Home BancShares (HOMB) traded up 0.04% during midday trading on Friday, reaching $22.76. The 50 day moving average was down by -2.60% and the 200 day average was down $-2.05. Home BancShares has a 1-year low of $19.74 and a 1-year high of $29.69. The days to cover decreased to 22.0 and the percentage of shorted shares was 0.06% on August 31. This dividend represents a yield of $1.97. Over the last six months, Home Bancshares, Inc.

Trading volume for Home BancShares, Inc. was 1,283K on Wednesday.

Home BancShares, Inc., launched on September 1, 1989, is a bank holding company. The Firm and the Bank engage in a general commercial and retail banking business for small to medium-sized businesses, professional concerns and individuals.



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