Home Bancshares Inc (NASDAQ:HOMB) COO John Stephen Tipton sold 8,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $18.51, for a total value of $157,335.00. Following the transaction, the chief operating officer now directly owns 12,974 shares in the company, valued at approximately $240,148.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NASDAQ:HOMB traded up $0.06 during trading hours on Thursday, reaching $19.29. 13,058 shares of the stock were exchanged, compared to its average volume of 710,802. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.52. The firm has a 50 day simple moving average of $18.24 and a 200-day simple moving average of $18.62. Home Bancshares Inc has a 52 week low of $15.35 and a 52 week high of $23.67. The stock has a market capitalization of $3.04 billion, a P/E ratio of 10.93 and a beta of 1.21.
Home Bancshares (NASDAQ:HOMB) last released its earnings results on Thursday, July 18th. The financial services provider reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The company had revenue of $164.05 million for the quarter, compared to the consensus estimate of $166.83 million. Home Bancshares had a return on equity of 12.64% and a net margin of 36.19%. During the same quarter last year, the business posted $0.44 EPS. As a group, analysts expect that Home Bancshares Inc will post 1.72 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Tuesday, August 13th. Home Bancshares’s payout ratio is 29.71%.
A number of research analysts have commented on the company. TheStreet raised Home Bancshares from a “c+” rating to a “b-” rating in a report on Friday, July 26th. Zacks Investment Research raised Home Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday. Piper Jaffray Companies set a $22.00 target price on Home Bancshares and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, BidaskClub downgraded Home Bancshares from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $23.40.
Institutional investors have recently made changes to their positions in the company. WBI Investments Inc. acquired a new stake in shares of Home Bancshares during the 2nd quarter worth approximately $517,000. State of Wisconsin Investment Board raised its position in shares of Home Bancshares by 34.5% during the 1st quarter. State of Wisconsin Investment Board now owns 639,113 shares of the financial services provider’s stock worth $11,229,000 after purchasing an additional 164,000 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Home Bancshares by 16.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 88,925 shares of the financial services provider’s stock worth $1,562,000 after purchasing an additional 12,453 shares during the period. Aviva PLC acquired a new stake in shares of Home Bancshares during the 2nd quarter worth approximately $1,176,000. Finally, Geode Capital Management LLC raised its position in shares of Home Bancshares by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 1,859,740 shares of the financial services provider’s stock worth $30,388,000 after purchasing an additional 147,014 shares during the period. Institutional investors and hedge funds own 65.82% of the company’s stock.
About Home Bancshares
Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, demand, and money market accounts, as well as certificates of deposit.
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