Inceptionr LLC Raises Stock Holdings in Home BancShares, Inc. $HOMB

Inceptionr LLC increased its stake in Home BancShares, Inc. (NYSE:HOMB) by 65.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,322 shares of the financial services provider’s stock after purchasing an additional 10,840 shares during the period. Inceptionr LLC’s holdings in Home BancShares were worth $778,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HOMB. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Home BancShares in the 1st quarter worth approximately $39,000. Summit Securities Group LLC bought a new stake in shares of Home BancShares during the 1st quarter worth $64,000. Hantz Financial Services Inc. grew its position 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 acquiring an additional 2,733 shares in the last quarter. UMB Bank n.a. grew its position in Home BancShares by 25.6% in the second quarter. UMB Bank n.a. now owns 3,323 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 677 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Home BancShares by 155.8% in the first 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 last quarter. 67.31% of the stock is currently owned by institutional investors.

Home BancShares Price Performance

NYSE HOMB opened at $28.24 on Thursday. The business’s fifty day moving average is $27.62 and its 200 day moving average is $28.41. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $32.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $5.55 billion, a PE ratio of 12.17 and a beta of 0.81.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $269.96 million. During the same quarter in the prior year, the business posted $0.50 earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Sell-side analysts predict that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $0.84 annualized dividend and a yield of 3.0%. This is a positive change from Home BancShares’s previous quarterly dividend of $0.20. Home BancShares’s payout ratio is currently 36.21%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Piper Sandler set a $34.00 target price on shares of Home BancShares and gave the stock an “overweight” rating in a research report on Friday, October 17th. Cantor Fitzgerald assumed coverage on Home BancShares in a research note on Wednesday, September 10th. They set a “neutral” rating and a $32.00 target price 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 cut shares of Home BancShares from a “hold” rating to a “sell” rating in a research note on Sunday, November 2nd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.83.

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.