Insider Selling: Home Bancshares Inc (NASDAQ:HOMB) Insider Sells $137,175.00 in Stock

Home Bancshares Inc (NASDAQ:HOMB) insider Russell Davis Carter III sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $18.29, for a total transaction of $137,175.00. Following the sale, the insider now owns 8,759 shares of the company’s stock, valued at $160,202.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Russell Davis Carter III also recently made the following trade(s):

  • On Wednesday, May 29th, Russell Davis Carter III sold 3,333 shares of Home Bancshares stock. The stock was sold at an average price of $18.20, for a total transaction of $60,660.60.

Shares of HOMB stock opened at $18.03 on Friday. The company has a market capitalization of $2.99 billion, a PE ratio of 10.30 and a beta of 1.16. The firm has a fifty day simple moving average of $18.92 and a 200-day simple moving average of $18.80. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.52. Home Bancshares Inc has a twelve month low of $15.35 and a twelve month high of $24.00.

Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, July 18th. The financial services provider reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $164.05 million during the quarter, compared to the consensus estimate of $166.83 million. Home Bancshares had a net margin of 36.19% and a return on equity of 12.64%. During the same period in the prior year, the firm earned $0.44 earnings per share. Equities research analysts predict that Home Bancshares Inc will post 1.72 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, August 13th. This represents a $0.52 annualized dividend and a dividend yield of 2.88%. Home Bancshares’s dividend payout ratio (DPR) is presently 29.71%.

HOMB has been the subject of several research reports. Zacks Investment Research downgraded shares of Home Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. BidaskClub downgraded shares of Home Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Piper Jaffray Companies set a $22.00 target price on shares of Home Bancshares and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, TheStreet upgraded shares of Home Bancshares from a “c+” rating to a “b-” rating in a research note on Friday, July 26th. Two research 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. Home Bancshares presently has a consensus rating of “Hold” and an average target price of $23.40.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Home Bancshares by 0.3% in the second quarter. BlackRock Inc. now owns 20,080,678 shares of the financial services provider’s stock valued at $386,754,000 after purchasing an additional 59,522 shares during the period. Dimensional Fund Advisors LP raised its holdings in Home Bancshares by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,929,353 shares of the financial services provider’s stock valued at $64,206,000 after acquiring an additional 230,871 shares in the last quarter. Northern Trust Corp raised its holdings in Home Bancshares by 46.0% in the second quarter. Northern Trust Corp now owns 3,581,175 shares of the financial services provider’s stock valued at $68,973,000 after acquiring an additional 1,128,511 shares in the last quarter. Barr E S & Co. raised its holdings in Home Bancshares by 22.1% in the second quarter. Barr E S & Co. now owns 2,426,357 shares of the financial services provider’s stock valued at $46,732,000 after acquiring an additional 439,844 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Home Bancshares by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,977,844 shares of the financial services provider’s stock valued at $38,093,000 after acquiring an additional 8,644 shares in the last quarter. Institutional investors and hedge funds own 66.96% of the company’s stock.

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.

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