Villanova Investment Management Co LLC Has $878,000 Stock Position in Home BancShares, Inc. $HOMB

Key Points

• Villanova Investment Management Co LLC reduced its holdings in Home BancShares, Inc. by 65.6%, owning 31,052 shares after selling 59,176 shares, which now constitute about 2.5% of their total holdings.
• Several other institutional investors also adjusted their positions in Home BancShares, with notable transactions including BI Asset Management acquiring a new position valued at $39,000 and Fifth Third Bancorp increasing their holdings by 60.5%.
• Home BancShares announced a quarterly dividend of $0.20 per share, reflecting an annualized yield of 2.7% and a payout ratio of 36.53%.

Villanova Investment Management Co LLC cut its holdings in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 65.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,052 shares of the financial services provider's stock after selling 59,176 shares during the quarter. Home BancShares makes up approximately 2.5% of Villanova Investment Management Co LLC's holdings, making the stock its 8th largest holding. Villanova Investment Management Co LLC's holdings in Home BancShares were worth $878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State of Michigan Retirement System increased its holdings in Home BancShares by 0.9% during the 1st quarter. State of Michigan Retirement System now owns 44,230 shares of the financial services provider's stock worth $1,250,000 after purchasing an additional 400 shares during the last quarter. Xponance Inc. increased its holdings in shares of Home BancShares by 1.8% in the 1st quarter. Xponance Inc. now owns 26,770 shares of the financial services provider's stock valued at $757,000 after acquiring an additional 476 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Home BancShares by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the financial services provider's stock valued at $1,464,000 after acquiring an additional 500 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Home BancShares by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 21,657 shares of the financial services provider's stock valued at $612,000 after acquiring an additional 575 shares during the last quarter. Finally, Kwmg LLC increased its holdings in shares of Home BancShares by 0.3% in the 1st quarter. Kwmg LLC now owns 242,066 shares of the financial services provider's stock valued at $6,843,000 after acquiring an additional 627 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Home BancShares from $30.00 to $32.00 and gave the company a "market perform" rating in a report on Monday, July 21st. Wall Street Zen downgraded Home BancShares from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Cantor Fitzgerald began coverage on Home BancShares in a research note on Wednesday. They set a "neutral" rating and a $32.00 price objective for the company. Finally, Piper Sandler upped their price objective on Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Home BancShares currently has an average rating of "Moderate Buy" and a consensus target price of $33.00.

Home BancShares Stock Performance

HOMB stock traded up $0.52 during trading on Friday, reaching $29.91. 1,561,968 shares of the company's stock were exchanged, compared to its average volume of 779,322. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24. Home BancShares, Inc. has a 1-year low of $24.22 and a 1-year high of $32.90. The company's fifty day moving average price is $29.05 and its 200-day moving average price is $28.38. The firm has a market cap of $5.89 billion, a PE ratio of 13.66 and a beta of 0.81.

Home BancShares (NYSE:HOMB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. Home BancShares had a return on equity of 10.60% and a net margin of 29.58%.The company had revenue of $271.03 million during the quarter, compared to analyst estimates of $262.56 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm's quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts expect that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 13th were issued a $0.20 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. Home BancShares's dividend payout ratio is 36.53%.

Insider Buying and Selling at Home BancShares

In other news, CEO John Stephen Tipton sold 24,159 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $27.52, for a total value of $664,855.68. Following the completion of the sale, the chief executive officer owned 53,308 shares in the company, valued at $1,467,036.16. This represents a 31.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO John W. Allison sold 110,000 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total value of $3,302,200.00. Following the completion of the sale, the chief executive officer owned 5,540,776 shares of the company's stock, valued at approximately $166,334,095.52. This trade represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company's stock.

About Home BancShares

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.