VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 16,700 Shares of Home BancShares, Inc. $HOMB

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

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Parcion Private Wealth LLC lifted its position in Home BancShares by 77.3% during the 3rd quarter. Parcion Private Wealth LLC now owns 12,775 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 5,568 shares during the period. Signaturefd LLC boosted its holdings in shares of Home BancShares by 44.8% in the third quarter. Signaturefd LLC now owns 5,254 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 1,625 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new position in Home BancShares during the third quarter worth about $517,000. MBL Wealth LLC acquired a new stake in Home BancShares in the third quarter valued at about $446,000. Finally, Root Financial Partners LLC purchased a new stake in Home BancShares in the 3rd quarter valued at approximately $99,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home BancShares Stock Performance

Shares of NYSE HOMB opened at $30.05 on Friday. The company has a 50-day simple moving average of $29.39 and a 200-day simple moving average of $28.59. 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 company has a market cap of $6.01 billion, a PE ratio of 12.23 and a beta of 0.73. Home BancShares, Inc. has a 12 month low of $25.50 and a 12 month high of $31.70.

Home BancShares (NYSE:HOMB) last announced its earnings results on Wednesday, October 14th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Home BancShares had a net margin of 32.36% and a return on equity of 11.14%. The firm had revenue of $288.44 million for the quarter, compared to analyst estimates of $294.42 million. During the same quarter last year, the business earned $0.61 earnings per share. Home BancShares’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts anticipate that Home BancShares, Inc. will post 2.53 earnings per share for the current year.

Home BancShares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 11th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, November 10th. Home BancShares’s payout ratio is presently 37.70%.

Insiders Place Their Bets

In other Home BancShares news, Director John W. Allison II sold 13,500 shares of Home BancShares stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $30.06, for a total value of $405,810.00. Following the transaction, the director owned 636,495 shares in the company, valued at $19,133,039.70. This trade represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HOMB has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Home BancShares in a report on Thursday, October 15th. UBS Group restated a “buy” rating on shares of Home BancShares in a research report on Friday, October 16th. Stephens raised their price objective on Home BancShares from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Citigroup lowered their target price on Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Home BancShares in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Home BancShares currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.57.

Home BancShares Company 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.