Home BancShares Inc. (NASDAQ:HOMB) Director Jack Engelkes sold 21,319 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $24.78, for a total transaction of $528,284.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Home BancShares Inc. (NASDAQ:HOMB) opened at 25.72 on Friday. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 21.82 and a beta of 0.96. Home BancShares Inc. has a 52-week low of $16.93 and a 52-week high of $44.76. The company has a 50-day moving average of $21.69 and a 200 day moving average of $21.41.

Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the 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 period last year, the company posted $0.53 EPS. On average, equities research analysts anticipate that Home BancShares Inc. will post $1.25 EPS for the current year.

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

The firm also recently declared 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 annualized dividend and a yield of 1.40%. Home BancShares’s payout ratio is currently 30.38%.

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

A number of large investors have recently modified their holdings of HOMB. BlackRock Inc. raised its stake in shares of Home BancShares by 130.7% in the first quarter. BlackRock Inc. now owns 3,745 shares of the financial services provider’s stock valued at $153,000 after buying an additional 2,122 shares during the last quarter. Geode Capital Management LLC raised its position in Home BancShares by 4.0% in the first quarter. Geode Capital Management LLC now owns 435,998 shares of the financial services provider’s stock valued at $17,854,000 after buying an additional 16,746 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Home BancShares by 7.9% in the first quarter. Envestnet Asset Management Inc. now owns 26,727 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 1,959 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Home BancShares by 335.2% in the second quarter. BNP Paribas Arbitrage SA now owns 38,848 shares of the financial services provider’s stock valued at $769,000 after buying an additional 29,922 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in Home BancShares by 86.9% in the second quarter. Raymond James Trust N.A. now owns 11,672 shares of the financial services provider’s stock valued at $231,000 after buying an additional 5,427 shares in the last quarter. Hedge funds and other institutional investors own 59.86% of the company’s stock.

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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