Home BancShares Inc. (NASDAQ:HOMB) Director Alex R. Lieblong sold 401,000 shares of Home BancShares stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $26.48, for a total transaction of $10,618,480.00. Following the sale, the director now owns 806,429 shares of the company’s stock, valued at approximately $21,354,239.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Home BancShares Inc. (NASDAQ:HOMB) opened at 26.10 on Wednesday. The firm has a 50-day moving average of $22.69 and a 200-day moving average of $21.65. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 22.14 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.

Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm posted $0.53 earnings per share. Equities analysts forecast that Home BancShares Inc. will post $1.25 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 16th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.38%. Home BancShares’s dividend payout ratio (DPR) is presently 30.38%.

TRADEMARK VIOLATION WARNING: “Alex R. Lieblong Sells 401,000 Shares of Home BancShares Inc. (HOMB) Stock” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/30/alex-r-lieblong-sells-401000-shares-of-home-bancshares-inc-homb-stock.html.

A number of research analysts recently issued reports on HOMB shares. Zacks Investment Research upgraded shares of Home BancShares from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, October 24th. Sandler O’Neill cut shares of Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a report on Tuesday, September 13th. Merion Capital Group restated a “neutral” rating on shares of Home BancShares 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 objective for the company. in a report on Thursday, November 10th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Home BancShares presently has a consensus rating of “Hold” and an average target price of $22.91.

A number of hedge funds and other institutional investors have recently modified their holdings of HOMB. Delta Asset Management LLC TN raised its position in shares of Home BancShares by 100.0% in the second quarter. Delta Asset Management LLC TN now owns 6,244 shares of the financial services provider’s stock worth $124,000 after buying an additional 3,122 shares during the period. Bank of Montreal Can acquired a new position in shares of Home BancShares during the second quarter worth about $133,000. Riverhead Capital Management LLC raised its position in shares of Home BancShares by 13.6% in the third quarter. Riverhead Capital Management LLC now owns 6,600 shares of the financial services provider’s stock worth $137,000 after buying an additional 792 shares during the period. Bessemer Group Inc. raised its position in shares of Home BancShares by 100.0% in the second quarter. Bessemer Group Inc. now owns 7,986 shares of the financial services provider’s stock worth $158,000 after buying an additional 3,993 shares during the period. Finally, Shelton Capital Management raised its position in shares of Home BancShares by 100.0% in the second quarter. Shelton Capital Management now owns 10,232 shares of the financial services provider’s stock worth $202,000 after buying an additional 5,116 shares during the period. Institutional investors and hedge funds own 61.11% of the company’s stock.

Home BancShares Company Profile

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

Receive News & Stock Ratings for Home BancShares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home BancShares Inc. and related stocks with our FREE daily email newsletter.