Insider Selling: Home Bancshares Inc (NASDAQ:HOMB) Director Sells 27,500 Shares of Stock

Home Bancshares Inc (NASDAQ:HOMB) Director Alex R. Lieblong sold 27,500 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $18.77, for a total value of $516,175.00. Following the transaction, the director now owns 588,813 shares of the company’s stock, valued at $11,052,020.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Alex R. Lieblong also recently made the following trade(s):

  • On Friday, November 15th, Alex R. Lieblong sold 8,000 shares of Home Bancshares stock. The shares were sold at an average price of $18.47, for a total value of $147,760.00.
  • On Wednesday, November 13th, Alex R. Lieblong sold 12,000 shares of Home Bancshares stock. The shares were sold at an average price of $18.49, for a total value of $221,880.00.
  • On Monday, November 4th, Alex R. Lieblong sold 15,000 shares of Home Bancshares stock. The stock was sold at an average price of $19.02, for a total value of $285,300.00.
  • On Monday, October 28th, Alex R. Lieblong sold 15,500 shares of Home Bancshares stock. The stock was sold at an average price of $18.84, for a total value of $292,020.00.

NASDAQ HOMB traded up $0.28 on Wednesday, hitting $18.74. 758,568 shares of the stock were exchanged, compared to its average volume of 675,905. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.98 and a quick ratio of 0.98. The business’s fifty day moving average is $18.71 and its 200 day moving average is $18.62. Home Bancshares Inc has a 52 week low of $15.35 and a 52 week high of $20.37. The company has a market capitalization of $3.14 billion, a PE ratio of 10.71 and a beta of 1.21.

Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. Home Bancshares had a net margin of 35.22% and a return on equity of 12.22%. The company had revenue of $167.47 million during the quarter, compared to the consensus estimate of $167.40 million. During the same quarter last year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts predict that Home Bancshares Inc will post 1.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.77%. Home Bancshares’s payout ratio is 29.71%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential PLC acquired a new stake in shares of Home Bancshares during the second quarter worth $21,113,000. Texas Permanent School Fund grew its stake in shares of Home Bancshares by 1.1% in the third quarter. Texas Permanent School Fund now owns 106,006 shares of the financial services provider’s stock valued at $1,992,000 after acquiring an additional 1,111 shares in the last quarter. BlackRock Inc. increased its position in Home Bancshares by 0.3% during the second quarter. BlackRock Inc. now owns 20,080,678 shares of the financial services provider’s stock worth $386,754,000 after acquiring an additional 59,522 shares during the period. Kwmg LLC increased its position in Home Bancshares by 3.0% during the third quarter. Kwmg LLC now owns 136,527 shares of the financial services provider’s stock worth $2,566,000 after acquiring an additional 4,015 shares during the period. Finally, Rhumbline Advisers raised its stake in Home Bancshares by 3.6% in the 3rd quarter. Rhumbline Advisers now owns 516,876 shares of the financial services provider’s stock worth $9,715,000 after purchasing an additional 18,023 shares in the last quarter. Institutional investors own 67.09% of the company’s stock.

A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup cut their price objective on shares of Home Bancshares from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Stephens set a $22.00 target price on shares of Home Bancshares and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Zacks Investment Research cut shares of Home Bancshares from a “hold” rating to a “strong sell” rating in a report on Saturday, November 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $21.50.

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, NOW, demand, and money market accounts, as well as certificates of deposit.

Recommended Story: What are the advantages of the Stochastic Momentum Index?

Insider Buying and Selling by Quarter for Home Bancshares (NASDAQ:HOMB)

Receive News & Ratings for Home Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.