Insider Selling: Home Bancshares Inc (NASDAQ:HOMB) COO Sells 8,500 Shares of Stock

Home Bancshares Inc (NASDAQ:HOMB) COO John Stephen Tipton sold 8,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $18.51, for a total value of $157,335.00. Following the sale, the chief operating officer now directly owns 12,974 shares of the company’s stock, valued at $240,148.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of HOMB traded up $0.06 during trading hours on Thursday, hitting $19.29. 13,058 shares of the company were exchanged, compared to its average volume of 710,802. The company has a market capitalization of $3.04 billion, a PE ratio of 10.93 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a fifty day simple moving average of $18.24 and a 200-day simple moving average of $18.62. Home Bancshares Inc has a one year low of $15.35 and a one year high of $23.67.

Home Bancshares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $164.05 million during the quarter, compared to analyst estimates of $166.83 million. Home Bancshares had a return on equity of 12.64% and a net margin of 36.19%. During the same period last year, the company posted $0.44 EPS. Sell-side analysts expect that Home Bancshares Inc will post 1.72 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.52 annualized dividend and a dividend yield of 2.70%. Home Bancshares’s dividend payout ratio (DPR) is presently 29.71%.

Several equities research analysts have recently weighed in on HOMB shares. Zacks Investment Research raised Home Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub lowered Home Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Piper Jaffray Companies set a $22.00 price objective on Home Bancshares and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, TheStreet raised 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 issued a buy rating to the company. Home Bancshares has a consensus rating of “Hold” and a consensus target price of $23.40.

Institutional investors have recently modified their holdings of the company. Private Capital Group LLC acquired a new stake in shares of Home Bancshares in the second quarter worth $26,000. AlphaOne Investment Services LLC acquired a new stake in shares of Home Bancshares in the first quarter worth $41,000. Advisory Alpha LLC acquired a new stake in shares of Home Bancshares in the first quarter worth $46,000. Royce & Associates LP acquired a new stake in shares of Home Bancshares in the first quarter worth $49,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Home Bancshares by 12,851.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,346 shares of the financial services provider’s stock worth $122,000 after buying an additional 6,297 shares during the period. 65.82% of the stock is owned by institutional investors and hedge funds.

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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