Home BancShares, Inc. $HOMB Stock Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Home BancShares, Inc. (NYSE:HOMB) by 135.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 29,000 shares of the financial services provider’s stock after purchasing an additional 16,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Home BancShares were worth $817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HOMB. BlackRock Inc. purchased a new position in Home BancShares in the 2nd quarter worth approximately $735,643,000. Dimensional Fund Advisors LP increased its stake in shares of Home BancShares by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,720,491 shares of the financial services provider’s stock worth $180,979,000 after acquiring an additional 559,603 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Home BancShares by 13.4% during the 1st quarter. First Trust Advisors LP now owns 3,471,607 shares of the financial services provider’s stock worth $93,490,000 after acquiring an additional 410,719 shares during the period. Azora Capital LP purchased a new stake in shares of Home BancShares in the second quarter valued at about $62,027,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Home BancShares in the second quarter valued at about $44,068,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Cantor Fitzgerald reiterated a “neutral” rating on shares of Home BancShares in a research report on Thursday, October 15th. Citigroup reduced their price objective on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. Stephens upped their target price on shares of Home BancShares from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Piper Sandler reiterated an “overweight” rating and set a $34.00 price target (down from $36.00) on shares of Home BancShares in a research report on Friday, October 16th. Finally, Hovde Group started coverage on Home BancShares in a research note on Tuesday, September 8th. They set an “outperform” rating and a $34.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Home BancShares presently has a consensus rating of “Moderate Buy” and an average target price of $32.57.

Home BancShares Price Performance

HOMB stock opened at $30.05 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $6.01 billion, a P/E ratio of 12.23 and a beta of 0.73. The business’s 50-day moving average is $29.39 and its two-hundred day moving average is $28.59. Home BancShares, Inc. has a 1 year low of $25.50 and a 1 year high of $31.70.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Home BancShares had a return on equity of 11.14% and a net margin of 32.36%. The business had revenue of $288.44 million during the quarter, compared to the consensus estimate of $294.42 million. During the same period in the previous year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts anticipate that Home BancShares, Inc. will post 2.53 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 11th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, November 10th. Home BancShares’s dividend payout ratio (DPR) is 37.70%.

Insiders Place Their Bets

In related news, Director John W. Allison II sold 13,500 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $30.06, for a total value of $405,810.00. Following the completion of the transaction, the director directly owned 636,495 shares of the company’s stock, valued at $19,133,039.70. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.39% of the stock is currently owned by insiders.

Home BancShares Profile

Home BancShares, Inc is a bank holding company headquartered in Conway, Arkansas. Through its principal subsidiary, Centennial Bank, the company provides banking services to businesses, individuals and institutions, including commercial and consumer lending, residential and commercial real estate loans, deposit accounts, cash management and online banking services.

Centennial Bank serves customers through a network of financial centers and digital banking channels in markets across Arkansas, Florida, Alabama and Texas.