John Stephen Tipton Sells 14,000 Shares of Home BancShares Inc. (HOMB) Stock
Home BancShares Inc. (NASDAQ:HOMB) COO John Stephen Tipton sold 14,000 shares of Home BancShares stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $25.49, for a total transaction of $356,860.00. Following the completion of the sale, the chief operating officer now directly owns 6,000 shares in the company, valued at approximately $152,940. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Home BancShares Inc. (NASDAQ:HOMB) opened at 25.59 on Thursday. Home BancShares Inc. has a 52-week low of $16.93 and a 52-week high of $26.07. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 21.70 and a beta of 0.96. The stock’s 50 day moving average is $21.56 and its 200-day moving average is $21.38.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Home BancShares had a net margin of 32.41% and a return on equity of 13.46%. During the same quarter in the previous year, the business earned $0.53 EPS. Equities research analysts anticipate that Home BancShares Inc. will post $1.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 16th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, November 14th. Home BancShares’s payout ratio is 30.38%.
Several large investors have recently bought and sold shares of HOMB. Credit Suisse AG boosted its stake in Home BancShares by 47.0% in the third quarter. Credit Suisse AG now owns 152,542 shares of the financial services provider’s stock worth $3,174,000 after buying an additional 48,740 shares during the last quarter. Kernodle & Katon Asset Management Group LLC boosted its stake in shares of Home BancShares by 1,148.3% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 49,432 shares of the financial services provider’s stock valued at $1,028,000 after buying an additional 45,472 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Home BancShares during the third quarter valued at about $218,000. The Manufacturers Life Insurance Company bought a new stake in shares of Home BancShares during the third quarter valued at about $1,719,000. Finally, Lazard Asset Management LLC boosted its stake in shares of Home BancShares by 3.5% in the third quarter. Lazard Asset Management LLC now owns 622,155 shares of the financial services provider’s stock valued at $12,947,000 after buying an additional 20,835 shares in the last quarter. Hedge funds and other institutional investors own 59.86% of the company’s stock.
HOMB has been the topic of a number of research reports. Zacks Investment Research cut shares of Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Keefe, Bruyette & Woods cut shares of Home BancShares from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a report on Thursday, November 10th. Merion Cap Grp cut shares of Home BancShares from an “outperform” rating to a “neutral” rating in a report on Friday, November 11th. Merion Capital Group reaffirmed a “neutral” rating on shares of Home BancShares in a report on Friday, November 11th. Finally, Sandler O’Neill cut shares of Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 price target 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 assigned a buy rating to the company’s stock. Home BancShares currently has a consensus 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).
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