Insider Selling: Home BancShares (NYSE:HOMB) Director Sells $405,810.00 in Stock

Home BancShares, Inc. (NYSE:HOMB – Get Free Report) Director John Allison II sold 13,500 shares of Home BancShares stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $30.06, for a total transaction of $405,810.00. Following the completion of the sale, the director owned 636,495 shares of the company’s stock, valued at approximately $19,133,039.70. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Home BancShares Price Performance

Shares of Home BancShares stock traded down $0.26 on Friday, reaching $29.83. 550,993 shares of the stock were exchanged, compared to its average volume of 1,588,021. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.92 and a current ratio of 0.92. Home BancShares, Inc. has a one year low of $25.50 and a one year high of $31.70. The firm has a market cap of $5.97 billion, a PE ratio of 12.22 and a beta of 0.72. The firm’s 50 day moving average is $29.38 and its 200-day moving average is $28.55.

Home BancShares (NYSE:HOMB – Get Free Report) last announced its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. Home BancShares had a net margin of 32.36% and a return on equity of 11.14%. The company had revenue of $288.44 million for the quarter, compared to analyst estimates of $294.42 million. During the same period in the previous year, the firm posted $0.61 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. As a group, analysts anticipate that Home BancShares, Inc. will post 2.53 EPS for the current fiscal year.

Home BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 11th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, November 10th. Home BancShares’s dividend payout ratio (DPR) is 37.70%.

Institutional Investors Weigh In On Home BancShares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC boosted its stake in 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. IFP Advisors Inc grew its stake in shares of Home BancShares by 490.4% during the third quarter. IFP Advisors Inc now owns 1,293 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,074 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of Home BancShares in the second quarter worth about $41,000. Provenance Wealth Advisors LLC purchased a new position in shares of Home BancShares in the third quarter worth about $41,000. Finally, Ancora Advisors LLC bought a new stake in shares of Home BancShares in the 2nd quarter valued at about $45,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on HOMB shares. Citigroup dropped their price objective on Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Home BancShares in a research report on Thursday, October 15th. Wall Street Zen raised shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Piper Sandler restated an “overweight” rating and issued a $34.00 price objective (down from $36.00) on shares of Home BancShares in a research note on Friday, October 16th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Home BancShares presently has a consensus rating of “Moderate Buy” and an average target price of $32.57.

Get Our Latest Stock Report on HOMB

About Home BancShares

(Get Free Report)

Home BancShares, Inc is a bank holding company headquartered in Conway, Arkansas. Through its principal subsidiary, Centennial Bank, the company provides banking services to businesses, individuals and institutions, including commercial and consumer lending, residential and commercial real estate loans, deposit accounts, cash management and online banking services.

Centennial Bank serves customers through a network of financial centers and digital banking channels in markets across Arkansas, Florida, Alabama and Texas.

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