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

Vest Financial LLC cut its stake in Home BancShares, Inc. (NYSE:HOMB) by 19.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,944 shares of the financial services provider’s stock after selling 51,822 shares during the period. Vest Financial LLC’s holdings in Home BancShares were worth $5,888,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new stake in Home BancShares during the second quarter worth approximately $735,643,000. Azora Capital LP bought a new position in shares of Home BancShares during the 2nd quarter valued at about $62,027,000. Bank of New York Mellon Corp bought a new position in shares of Home BancShares during the 2nd quarter valued at about $44,068,000. Bank of America Corp DE acquired a new position in shares of Home BancShares in the 2nd quarter worth approximately $18,242,000. Finally, Dimensional Fund Advisors LP grew 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 purchasing an additional 559,603 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on HOMB shares. Citigroup cut their target price on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, October 19th. Weiss Ratings raised Home BancShares from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Home BancShares in a report on Thursday, October 15th. Wall Street Zen raised Home BancShares from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Hovde Group assumed coverage on Home BancShares in a report on Tuesday, September 8th. They issued an “outperform” rating and a $34.00 target price on the stock. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Home BancShares currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.57.

Insider Buying and Selling at Home BancShares

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

Home BancShares Stock Performance

HOMB opened at $30.09 on Friday. The company has a market cap of $6.02 billion, a PE ratio of 12.11 and a beta of 0.72. The stock has a 50-day moving average of $29.43 and a 200-day moving average of $28.68. Home BancShares, Inc. has a 52-week low of $25.50 and a 52-week high of $31.70. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.92 and a current ratio of 0.92.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $0.65 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $294.42 million. During the same period last year, the business earned $0.61 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts forecast that Home BancShares, Inc. will post 2.53 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

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

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.