Savant Capital LLC Acquires New Position in Home BancShares, Inc. $HOMB

Savant Capital LLC bought a new position in Home BancShares, Inc. (NYSE:HOMB) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,930 shares of the financial services provider’s stock, valued at approximately $283,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Home BancShares during the first quarter worth approximately $39,000. Summit Securities Group LLC purchased a new position in Home BancShares in the 1st quarter worth $64,000. Hantz Financial Services Inc. lifted its stake in Home BancShares by 4,480.3% in the second 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 during the last quarter. UMB Bank n.a. boosted its position in Home BancShares by 25.6% during the second quarter. UMB Bank n.a. now owns 3,323 shares of the financial services provider’s stock valued at $95,000 after buying an additional 677 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Home BancShares by 155.8% during the first quarter. Geneos Wealth Management Inc. now owns 3,817 shares of the financial services provider’s stock valued at $108,000 after buying an additional 2,325 shares during the period. 67.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO John W. Allison sold 110,000 shares of the firm’s stock in a transaction dated 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 directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.30% of the company’s stock.

Home BancShares Trading Up 1.6%

HOMB opened at $26.64 on Wednesday. Home BancShares, Inc. has a one year low of $24.22 and a one year high of $32.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50 day simple moving average of $27.82 and a two-hundred day simple moving average of $28.44. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 11.48 and a beta of 0.81.

Home BancShares (NYSE:HOMB) last posted its earnings results on Wednesday, October 15th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $277.67 million for the quarter, compared to analysts’ expectations of $269.96 million. Home BancShares had a return on equity of 10.94% and a net margin of 31.20%.The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. Analysts predict that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Home BancShares’s previous quarterly dividend of $0.20. Home BancShares’s payout ratio is presently 36.21%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HOMB. Weiss Ratings reissued a “buy (b)” rating on shares of Home BancShares in a research note on Wednesday, October 8th. Wall Street Zen cut Home BancShares from a “hold” rating to a “sell” rating in a research note on Sunday, November 2nd. Piper Sandler set a $34.00 price objective on Home BancShares and gave the company an “overweight” rating in a research report on Friday, October 17th. Finally, Cantor Fitzgerald initiated coverage on shares of Home BancShares in a report on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 target price on the stock. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Home BancShares has an average rating of “Moderate Buy” and an average target price of $32.83.

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.