Villanova Investment Management Co LLC Acquires 30,616 Shares of Home BancShares, Inc. $HOMB

Villanova Investment Management Co LLC boosted its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 36.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 113,625 shares of the financial services provider’s stock after acquiring an additional 30,616 shares during the quarter. Home BancShares makes up approximately 2.2% of Villanova Investment Management Co LLC’s holdings, making the stock its 11th biggest holding. Villanova Investment Management Co LLC owned about 0.06% of Home BancShares worth $3,216,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Binnacle Investments Inc lifted its position in shares of Home BancShares by 76.7% during the second quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 577 shares in the last quarter. First Horizon Corp bought a new position in Home BancShares in the 3rd quarter worth approximately $43,000. Rothschild Investment LLC raised its position in Home BancShares by 505.9% in the 3rd quarter. Rothschild Investment LLC now owns 2,272 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,897 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Home BancShares by 4,480.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,794 shares of the financial services provider’s stock worth $80,000 after buying an additional 2,733 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Home BancShares by 34.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,116 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,299 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Activity

In related news, Director Donna Townsell sold 5,563 shares of Home BancShares stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $28.38, for a total value of $157,877.94. Following the transaction, the director directly owned 218,460 shares of the company’s stock, valued at $6,199,894.80. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 6.30% of the company’s stock.

Home BancShares Stock Up 0.7%

Shares of HOMB opened at $29.41 on Monday. The stock has a market capitalization of $5.78 billion, a PE ratio of 12.20 and a beta of 0.80. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $28.86 and its 200-day moving average is $28.44. Home BancShares, Inc. has a 12 month low of $24.22 and a 12 month high of $30.83.

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

Analyst Ratings Changes

HOMB has been the subject of several analyst reports. Zacks Research upgraded shares of Home BancShares from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Royal Bank Of Canada set a $31.00 price objective 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. Piper Sandler reissued an “overweight” rating and set a $35.00 price target (up from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Finally, Wall Street Zen downgraded Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. One equities research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.