Home BancShares, Inc. (NASDAQ:HOMB) Chairman John W. Allison acquired 15,000 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were purchased at an average price of $24.68 per share, with a total value of $370,200.00. Following the completion of the acquisition, the chairman now owns 4,953,896 shares in the company, valued at $122,262,153.28. The purchase was disclosed in a filing with the SEC, which is available at this link.

Home BancShares, Inc. (NASDAQ HOMB) opened at 24.96 on Tuesday. Home BancShares, Inc. has a 1-year low of $19.74 and a 1-year high of $29.69. The company’s 50 day moving average is $24.89 and its 200-day moving average is $25.90. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 18.70 and a beta of 1.18.

Home BancShares (NASDAQ:HOMB) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $131.77 million during the quarter, compared to analyst estimates of $132.18 million. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. During the same quarter in the previous year, the business posted $0.31 EPS. On average, analysts predict that Home BancShares, Inc. will post $1.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th will be paid a $0.11 dividend. The ex-dividend date is Monday, August 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.76%. This is a positive change from Home BancShares’s previous quarterly dividend of $0.09. Home BancShares’s payout ratio is currently 26.87%.

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A number of hedge funds have recently made changes to their positions in the stock. FMR LLC acquired a new stake in shares of Home BancShares during the fourth quarter worth approximately $25,987,000. Norges Bank acquired a new stake in shares of Home BancShares during the fourth quarter worth approximately $25,941,000. Teachers Advisors LLC raised its stake in shares of Home BancShares by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 200,043 shares of the financial services provider’s stock worth $5,555,000 after buying an additional 5,106 shares during the period. Bank of Montreal Can raised its stake in shares of Home BancShares by 7.1% in the first quarter. Bank of Montreal Can now owns 12,009 shares of the financial services provider’s stock worth $325,000 after buying an additional 797 shares during the period. Finally, Horrell Capital Management Inc. raised its stake in shares of Home BancShares by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 109,040 shares of the financial services provider’s stock worth $2,952,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 60.51% of the company’s stock.

Several brokerages have recently weighed in on HOMB. Zacks Investment Research raised shares of Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, July 25th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $27.00 price target on shares of Home BancShares in a research report on Friday, July 21st. BidaskClub cut shares of Home BancShares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $30.00 target price on shares of Home BancShares in a report on Friday, July 21st. Finally, ValuEngine raised shares of Home BancShares from a “hold” rating to a “buy” rating in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Home BancShares currently has an average rating of “Hold” and an average target price of $28.70.

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).

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

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