Home BancShares, Inc. (NASDAQ:HOMB) Chairman John W. Allison acquired 15,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was purchased at an average price of $25.46 per share, with a total value of $381,900.00. Following the completion of the transaction, the chairman now owns 4,968,396 shares of the company’s stock, valued at $126,495,362.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Home BancShares, Inc. (HOMB) opened at 24.94 on Monday. The company has a market cap of $3.57 billion, a PE ratio of 18.68 and a beta of 1.18. The firm has a 50-day moving average price of $24.89 and a 200 day moving average price of $25.90. Home BancShares, Inc. has a 1-year low of $19.74 and a 1-year high of $29.69.

Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. The firm had revenue of $131.77 million for the quarter, compared to the consensus estimate of $132.18 million. During the same quarter in the prior year, the business earned $0.31 EPS. On average, equities analysts anticipate that Home BancShares, Inc. will post $1.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.11 per share. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.76%. Home BancShares’s dividend payout ratio is 26.87%.

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Several equities analysts have recently issued reports on HOMB shares. Keefe, Bruyette & Woods upgraded Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Monday, May 15th. Zacks Investment Research upgraded Home BancShares from a “sell” rating to a “hold” rating in a research report on Monday, June 26th. Stephens reiterated a “buy” rating on shares of Home BancShares in a report on Thursday, April 20th. ValuEngine upgraded Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Finally, BidaskClub cut Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Home BancShares presently has an average rating of “Hold” and a consensus target price of $28.70.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund purchased a new position in Home BancShares during the second quarter worth $119,000. LS Investment Advisors LLC increased its position in Home BancShares by 58.7% in the first quarter. LS Investment Advisors LLC now owns 7,367 shares of the financial services provider’s stock worth $199,000 after buying an additional 2,725 shares during the period. Piedmont Investment Advisors LLC bought a new stake in Home BancShares during the first quarter valued at $204,000. Stifel Financial Corp increased its stake in Home BancShares by 6.5% in the first quarter. Stifel Financial Corp now owns 7,930 shares of the financial services provider’s stock valued at $213,000 after buying an additional 485 shares during the last quarter. Finally, Fortaleza Asset Management Inc. increased its stake in Home BancShares by 84.7% in the second quarter. Fortaleza Asset Management Inc. now owns 8,667 shares of the financial services provider’s stock valued at $216,000 after buying an additional 3,975 shares during the last quarter. Hedge funds and other institutional investors own 60.53% 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).

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

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