Fenimore Asset Management Inc Has $14.57 Million Stock Holdings in Home BancShares, Inc. $HOMB

Fenimore Asset Management Inc increased its holdings in shares of Home BancShares, Inc. (NYSE:HOMB) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 512,043 shares of the financial services provider’s stock after purchasing an additional 1,020 shares during the period. Fenimore Asset Management Inc owned approximately 0.26% of Home BancShares worth $14,573,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HOMB. Wealth Enhancement Advisory Services LLC increased its stake in shares of Home BancShares by 12.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,451 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 2,096 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Home BancShares by 0.9% in the first quarter. Principal Financial Group Inc. now owns 428,649 shares of the financial services provider’s stock worth $12,118,000 after purchasing an additional 4,019 shares during the period. GAMMA Investing LLC grew its holdings in Home BancShares by 60.8% in the first quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 995 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Home BancShares by 3.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider’s stock valued at $63,390,000 after purchasing an additional 75,463 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Home BancShares by 48.0% during the first quarter. Cerity Partners LLC now owns 18,804 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 6,102 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO John W. Allison sold 110,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $30.02, for a total value of $3,302,200.00. Following the completion of the transaction, the chief executive officer directly owned 5,540,776 shares of the company’s stock, valued at $166,334,095.52. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HOMB has been the subject of several research reports. Wall Street Zen upgraded Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday. Cantor Fitzgerald assumed coverage on Home BancShares in a report on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Home BancShares in a report on Saturday, September 27th. Keefe, Bruyette & Woods upped their target price on Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, July 21st. Finally, Piper Sandler lifted their price target on shares of Home BancShares from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Home BancShares has a consensus rating of “Moderate Buy” and an average price target of $33.00.

Home BancShares Price Performance

Shares of NYSE:HOMB opened at $28.12 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market cap of $5.54 billion, a PE ratio of 12.84 and a beta of 0.78. The stock’s fifty day simple moving average is $28.87 and its two-hundred day simple moving average is $28.39. Home BancShares, Inc. has a 1-year low of $24.22 and a 1-year high of $32.90.

Home BancShares (NYSE:HOMB) last announced its earnings results on Wednesday, July 16th. The financial services provider reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The company had revenue of $271.03 million during the quarter, compared to the consensus estimate of $262.56 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts forecast that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 13th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, August 13th. Home BancShares’s payout ratio is presently 36.53%.

Home BancShares Company Profile

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.