Home BancShares, Inc. $HOMB Stock Sold by Vest Financial LLC

Vest Financial LLC lowered its position in Home BancShares, Inc. (NYSE:HOMB) by 19.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 208,944 shares of the financial services provider’s stock after selling 51,822 shares during the quarter. Vest Financial LLC owned about 0.10% of Home BancShares worth $5,888,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC raised its stake in Home BancShares by 76.9% during the first quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 474 shares during the period. IFP Advisors Inc grew its stake in shares of Home BancShares by 490.4% in the 3rd quarter. IFP Advisors Inc now owns 1,293 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,074 shares during the period. Trust Co. of Vermont purchased a new stake in shares of Home BancShares in the 2nd quarter valued at approximately $41,000. Ancora Advisors LLC acquired a new stake in shares of Home BancShares during the 2nd quarter worth approximately $45,000. Finally, Versant Capital Management Inc increased its holdings in shares of Home BancShares by 153.3% during the 2nd quarter. Versant Capital Management Inc now owns 1,857 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,124 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HOMB shares. Wall Street Zen raised Home BancShares from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Keefe, Bruyette & Woods raised their target price on Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Friday, July 17th. Hovde Group started coverage on Home BancShares in a research report on Tuesday, September 8th. They issued an “outperform” rating and a $34.00 target price for the company. Citigroup cut their price target on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Home BancShares in a research report on Thursday, October 15th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.57.

Home BancShares Stock Performance

Shares of HOMB opened at $30.09 on Friday. Home BancShares, Inc. has a 1 year low of $25.50 and a 1 year high of $31.70. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 12.11 and a beta of 0.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a fifty day moving average of $29.43 and a 200-day moving average of $28.68.

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

Home BancShares Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Tuesday, November 10th. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. Home BancShares’s payout ratio is currently 37.70%.

Insider Transactions at Home BancShares

In related news, CEO John Tipton sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $31.59, for a total value of $379,080.00. Following the sale, the chief executive officer directly owned 76,308 shares in the company, valued at $2,410,569.72. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.39% of the stock is owned by company insiders.

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.