Home BancShares, Inc. (NASDAQ:HOMB) Chairman John W. Allison Buys 15,000 Shares
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).
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