Home BancShares, Inc. (NYSE:HOMB – Get Free Report) CEO John Stephen Tipton sold 12,000 shares of Home BancShares stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $31.59, for a total value of $379,080.00. Following the transaction, the chief executive officer owned 76,308 shares in the company, valued at $2,410,569.72. This trade represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Home BancShares Stock Down 1.2%
HOMB stock opened at $30.83 on Friday. Home BancShares, Inc. has a twelve month low of $25.50 and a twelve month high of $31.70. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. The stock has a market cap of $6.21 billion, a P/E ratio of 12.74 and a beta of 0.69. The business’s 50-day moving average price is $28.97 and its 200-day moving average price is $28.08.
Home BancShares (NYSE:HOMB – Get Free Report) last released its earnings results on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Home BancShares had a net margin of 32.10% and a return on equity of 11.25%. The company had revenue of $295.10 million during the quarter, compared to analyst estimates of $288.70 million. During the same period in the prior year, the firm posted $0.58 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Home BancShares, Inc. will post 2.51 EPS for the current year.
Home BancShares Increases Dividend
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in HOMB. Root Financial Partners LLC lifted its position in shares of Home BancShares by 76.9% in the first quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock worth $29,000 after buying an additional 474 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Home BancShares by 164.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 674 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Home BancShares during the 4th quarter worth approximately $36,000. Covestor Ltd boosted its position in shares of Home BancShares by 110.6% during the 4th quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 697 shares during the last quarter. Finally, Binnacle Investments Inc grew its holdings in shares of Home BancShares by 76.7% in the second quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on HOMB shares. Wall Street Zen raised shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Cantor Fitzgerald restated a “neutral” rating on shares of Home BancShares in a research report on Thursday, July 16th. Benchmark initiated coverage on Home BancShares in a research note on Wednesday, June 24th. They issued a “hold” rating for the company. Citigroup reiterated a “neutral” rating and set a $32.00 target price (up from $29.00) on shares of Home BancShares in a research report on Tuesday, July 21st. Finally, Stephens lifted their target price on Home BancShares from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Home BancShares presently has an average rating of “Hold” and a consensus price target of $32.67.
Get Our Latest Research Report on HOMB
Home BancShares Company Profile
Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.
The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.
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