Alex R. Lieblong Sells 401,000 Shares of Home BancShares Inc. (HOMB) Stock
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.
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%.
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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).
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