Vest Financial LLC Has $3.79 Million Stake in Home BancShares, Inc. $HOMB

Vest Financial LLC boosted its holdings in Home BancShares, Inc. (NYSE:HOMB) by 82.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 134,033 shares of the financial services provider’s stock after buying an additional 60,753 shares during the period. Vest Financial LLC owned approximately 0.07% of Home BancShares worth $3,793,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HOMB. American Century Companies Inc. boosted its position in shares of Home BancShares by 14.7% in the 2nd quarter. American Century Companies Inc. now owns 4,876,022 shares of the financial services provider’s stock worth $138,772,000 after purchasing an additional 626,655 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Home BancShares in the second quarter valued at about $5,825,000. Gutierrez Wealth Advisory LLC lifted its stake in Home BancShares by 66.4% in the second quarter. Gutierrez Wealth Advisory LLC now owns 34,147 shares of the financial services provider’s stock valued at $972,000 after buying an additional 13,632 shares during the period. AlphaQuest LLC bought a new position in Home BancShares during the second quarter worth about $2,325,000. Finally, Geode Capital Management LLC grew its position in shares of Home BancShares by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,572,656 shares of the financial services provider’s stock worth $130,151,000 after buying an additional 26,511 shares during the period. 67.31% of the stock is owned by institutional investors.

Home BancShares Trading Down 0.2%

HOMB opened at $29.37 on Friday. The stock has a market capitalization of $5.77 billion, a P/E ratio of 12.19 and a beta of 0.78. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. Home BancShares, Inc. has a 12 month low of $24.22 and a 12 month high of $31.27. The firm’s fifty day simple moving average is $28.25 and its 200 day simple moving average is $28.39.

Home BancShares (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $282.09 million for the quarter, compared to the consensus estimate of $272.48 million. Home BancShares had a return on equity of 11.16% and a net margin of 32.18%.The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. As a group, research analysts anticipate that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $0.84 annualized dividend and a yield of 2.9%. Home BancShares’s payout ratio is presently 34.85%.

Analysts Set New Price Targets

A number of analysts recently weighed in on HOMB shares. Royal Bank Of Canada set a $31.00 price target on shares of Home BancShares in a research report on Monday, January 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. Zacks Research raised shares of Home BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 price objective (up previously from $34.00) on shares of Home BancShares in a research note on Friday, January 16th. Finally, Wall Street Zen raised Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.60.

Home BancShares Profile

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.