Geneos Wealth Management Inc. Acquires 2,325 Shares of Home BancShares, Inc. $HOMB

Geneos Wealth Management Inc. boosted its holdings in Home BancShares, Inc. (NYSE:HOMB) by 155.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,817 shares of the financial services provider’s stock after purchasing an additional 2,325 shares during the period. Geneos Wealth Management Inc.’s holdings in Home BancShares were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in HOMB. State of Michigan Retirement System boosted its stake in shares of 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 acquiring an additional 400 shares during the period. Xponance Inc. boosted its position in Home BancShares by 1.8% during the first quarter. Xponance Inc. now owns 26,770 shares of the financial services provider’s stock worth $757,000 after purchasing an additional 476 shares during the period. Louisiana State Employees Retirement System boosted its position in Home BancShares by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the financial services provider’s stock worth $1,464,000 after purchasing an additional 500 shares during the period. State of Alaska Department of Revenue boosted its position in Home BancShares by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 21,657 shares of the financial services provider’s stock worth $612,000 after purchasing an additional 575 shares during the period. Finally, Kwmg LLC boosted its position in Home BancShares by 0.3% during the first quarter. Kwmg LLC now owns 242,066 shares of the financial services provider’s stock worth $6,843,000 after purchasing an additional 627 shares during the period. Institutional investors own 67.31% of the company’s stock.

Home BancShares Stock Performance

NYSE:HOMB opened at $29.12 on Thursday. The stock has a fifty day moving average price of $29.03 and a 200-day moving average price of $28.38. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 13.30 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 0.90. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $32.90.

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

Home BancShares Dividend Announcement

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

Insider Buying and Selling

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 shares were sold at an average price of $30.02, for a total transaction 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 represents a 1.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John Stephen Tipton sold 24,159 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $27.52, for a total transaction of $664,855.68. Following the sale, the chief executive officer directly owned 53,308 shares of the company’s stock, valued at approximately $1,467,036.16. This trade represents a 31.19% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Piper Sandler lifted their target price on shares of Home BancShares from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Keefe, Bruyette & Woods boosted their price objective on Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Monday, July 21st. Wall Street Zen cut Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Finally, Cantor Fitzgerald initiated coverage on Home BancShares in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 price target for the company. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

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.