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% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,033 shares of the financial services provider’s stock after purchasing an additional 60,753 shares during the period. Vest Financial LLC’s holdings in Home BancShares were worth $3,793,000 as of its most recent filing with the Securities and Exchange Commission.

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

Home BancShares Stock Down 0.2%

Shares of NYSE 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 stock’s fifty day moving average is $28.25 and its 200 day moving average is $28.39. Home BancShares, Inc. has a 52 week low of $24.22 and a 52 week high of $31.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.91.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The business had revenue of $282.09 million during the quarter, compared to analysts’ expectations of $272.48 million. During the same quarter in the prior year, the business posted $0.50 earnings per share. Home BancShares’s revenue was up 9.2% compared to the same quarter last year. Sell-side analysts forecast that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, February 11th. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. Home BancShares’s dividend payout ratio (DPR) is currently 34.85%.

Analysts Set New Price Targets

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