Savant Capital LLC Invests $283,000 in Home BancShares, Inc. $HOMB

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in Home BancShares in the first quarter worth $39,000. Summit Securities Group LLC purchased a new stake in shares of Home BancShares in the 1st quarter worth about $64,000. Hantz Financial Services Inc. increased its stake in shares of Home BancShares by 4,480.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,794 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 2,733 shares in the last quarter. UMB Bank n.a. lifted its position in Home BancShares by 25.6% during the 2nd quarter. UMB Bank n.a. now owns 3,323 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 677 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Home BancShares by 155.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,817 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 2,325 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home BancShares news, CEO John W. Allison sold 110,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total transaction of $3,302,200.00. Following the transaction, the chief executive officer owned 5,540,776 shares in the company, valued at approximately $166,334,095.52. This represents a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

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

Home BancShares Price Performance

Shares of HOMB opened at $26.64 on Wednesday. Home BancShares, Inc. has a twelve month low of $24.22 and a twelve month high of $32.90. The company has a market capitalization of $5.24 billion, a P/E ratio of 11.48 and a beta of 0.81. The firm has a 50 day moving average of $27.82 and a 200 day moving average of $28.44. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.20.

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

Home BancShares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, November 12th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.20. Home BancShares’s dividend payout ratio is 36.21%.

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.