Home BancShares Inc. (NASDAQ:HOMB) Director Dale Bruns sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $26.30, for a total transaction of $526,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Home BancShares Inc. (NASDAQ:HOMB) traded up 1.44% during trading on Tuesday, hitting $26.81. 612,487 shares of the stock traded hands. Home BancShares Inc. has a 52-week low of $16.93 and a 52-week high of $26.83. The firm has a market cap of $3.77 billion, a PE ratio of 22.74 and a beta of 0.96. The company’s 50 day moving average is $21.99 and its 200 day moving average is $21.49.

Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, October 20th. The financial services provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ 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 prior year, the company posted $0.53 earnings per share. On average, equities research analysts predict 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 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. The ex-dividend date is Monday, November 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.34%. Home BancShares’s dividend payout ratio (DPR) is presently 30.38%.

Several equities analysts have weighed in on HOMB shares. Merion Capital Group reiterated a “neutral” rating on shares of Home BancShares in a report on Friday, November 11th. Merion Cap Grp lowered shares of Home BancShares from an “outperform” rating to a “neutral” rating in a report on Friday, November 11th. Keefe, Bruyette & Woods lowered shares of 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. Zacks Investment Research upgraded shares of Home BancShares from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, October 24th. Finally, Sandler O’Neill lowered shares of 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Home BancShares currently has an average rating of “Hold” and a consensus target price of $22.91.

Several large investors have recently modified their holdings of the company. Cortina Asset Management LLC increased its stake in shares of Home BancShares by 99.6% in the second quarter. Cortina Asset Management LLC now owns 1,020,404 shares of the financial services provider’s stock worth $20,194,000 after buying an additional 509,193 shares during the period. William Blair Investment Management LLC increased its stake in shares of Home BancShares by 95.8% in the second quarter. William Blair Investment Management LLC now owns 827,395 shares of the financial services provider’s stock worth $16,374,000 after buying an additional 404,889 shares during the period. Turner Investments L.P. increased its stake in shares of Home BancShares by 73.3% in the second quarter. Turner Investments L.P. now owns 26,000 shares of the financial services provider’s stock worth $515,000 after buying an additional 11,000 shares during the period. Dimensional Fund Advisors LP increased its stake 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. Finally, BlackRock Inc. increased 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 worth $153,000 after buying an additional 2,122 shares during the period. Institutional investors and hedge funds own 59.97% of the company’s stock.

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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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