Villanova Investment Management Co LLC Has $3.22 Million Stock Position in Home BancShares, Inc. $HOMB

Villanova Investment Management Co LLC boosted its holdings in Home BancShares, Inc. (NYSE:HOMB) by 36.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor 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’s holdings in Home BancShares were worth $3,216,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Binnacle Investments Inc raised its stake in 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 acquiring an additional 577 shares in the last quarter. First Horizon Corp bought a new stake in shares of Home BancShares during the 3rd quarter valued at approximately $43,000. Rothschild Investment LLC grew its holdings in shares of Home BancShares by 505.9% during the 3rd quarter. Rothschild Investment LLC now owns 2,272 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 1,897 shares during the last quarter. Hantz Financial Services Inc. increased its position 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 purchasing an additional 2,733 shares in the last quarter. Finally, Caldwell Trust Co bought a new position in Home BancShares in the 2nd quarter valued at approximately $146,000. Institutional investors own 67.31% of the company’s stock.

Analyst Ratings Changes

HOMB has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Home BancShares in a research note on Monday, December 29th. Piper Sandler reissued an “overweight” rating and set a $35.00 price objective (up previously from $34.00) on shares of Home BancShares in a report on Friday, January 16th. Royal Bank Of Canada set a $31.00 price objective on Home BancShares in a research report on Monday, January 12th. Wall Street Zen downgraded Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, Zacks Research upgraded Home BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Home BancShares has a consensus rating of “Moderate Buy” and an average target price of $32.60.

Insider Activity

In related news, Director Donna Townsell sold 5,563 shares of the company’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total transaction of $157,877.94. Following the sale, the director owned 218,460 shares in the company, valued at $6,199,894.80. This represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

Home BancShares Stock Up 0.7%

Shares of NYSE HOMB opened at $29.41 on Monday. The company’s 50 day moving average price is $28.86 and its 200-day moving average price is $28.44. 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, Inc. has a 52-week low of $24.22 and a 52-week high of $30.83. The company has a market capitalization of $5.78 billion, a P/E ratio of 12.20 and a beta of 0.80.

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

Home BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, February 11th. Home BancShares’s payout ratio is currently 34.85%.

Home BancShares Company 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.