Home BancShares Inc. (NASDAQ:HOMB) CEO Randall Sims sold 58,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $25.45, for a total value of $1,476,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Home BancShares Inc. (NASDAQ:HOMB) traded down 0.74% during midday trading on Wednesday, reaching $25.59. The company’s stock had a trading volume of 762,303 shares. Home BancShares Inc. has a 12 month low of $16.93 and a 12 month high of $26.07. The stock has a market capitalization of $3.59 billion, a P/E ratio of 21.70 and a beta of 0.96. The stock’s 50-day moving average is $21.43 and its 200 day moving average is $21.35.

Home BancShares (NASDAQ:HOMB) last issued its earnings results on Thursday, October 20th. The financial services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Home BancShares had a return on equity of 13.46% and a net margin of 32.41%. During the same period in the prior year, the company earned $0.53 EPS. On average, analysts expect that Home BancShares Inc. will post $1.25 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Wednesday, November 16th will be paid a $0.09 dividend. The ex-dividend date is Monday, November 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.40%. Home BancShares’s dividend payout ratio (DPR) is currently 30.38%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Home BancShares by 105.4% in the second quarter. Vanguard Group Inc. now owns 9,523,709 shares of the financial services provider’s stock worth $188,474,000 after buying an additional 4,886,005 shares during the period. BlackRock Fund Advisors increased its position in shares of Home BancShares by 109.4% in the second quarter. BlackRock Fund Advisors now owns 7,697,821 shares of the financial services provider’s stock worth $152,340,000 after buying an additional 4,021,929 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Home BancShares by 126.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,371,833 shares of the financial services provider’s stock worth $66,729,000 after buying an additional 1,883,634 shares during the period. State Street Corp increased its position in shares of Home BancShares by 129.6% in the second quarter. State Street Corp now owns 3,122,815 shares of the financial services provider’s stock worth $61,800,000 after buying an additional 1,762,975 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Home BancShares by 105.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,189,532 shares of the financial services provider’s stock worth $63,119,000 after buying an additional 1,635,532 shares during the period. Hedge funds and other institutional investors own 59.86% of the company’s stock.

A number of research firms have recently commented on HOMB. Merion Cap Grp downgraded Home BancShares from an “outperform” rating to a “neutral” rating in a report on Friday, November 11th. Keefe, Bruyette & Woods downgraded Home BancShares from an “outperform” rating to a “market perform” rating and set a $23.00 target price on the stock. in a report on Thursday, November 10th. Merion Capital Group reiterated a “neutral” rating on shares of Home BancShares in a report on Friday, November 11th. Zacks Investment Research upgraded Home BancShares from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Monday, July 25th. Finally, Sandler O’Neill downgraded Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a report on Tuesday, September 13th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.91.

About Home BancShares

Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).

5 Day Chart for NASDAQ:HOMB

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