Insider Selling: Home Bancshares Inc (NASDAQ:HOMB) Director Sells 27,500 Shares of Stock

Home Bancshares Inc (NASDAQ:HOMB) Director Alex R. Lieblong sold 27,500 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $18.77, for a total transaction of $516,175.00. Following the transaction, the director now owns 588,813 shares in the company, valued at approximately $11,052,020.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alex R. Lieblong also recently made the following trade(s):

  • On Friday, November 15th, Alex R. Lieblong sold 8,000 shares of Home Bancshares stock. The shares were sold at an average price of $18.47, for a total transaction of $147,760.00.
  • On Wednesday, November 13th, Alex R. Lieblong sold 12,000 shares of Home Bancshares stock. The shares were sold at an average price of $18.49, for a total transaction of $221,880.00.
  • On Monday, November 4th, Alex R. Lieblong sold 15,000 shares of Home Bancshares stock. The shares were sold at an average price of $19.02, for a total transaction of $285,300.00.
  • On Monday, October 28th, Alex R. Lieblong sold 15,500 shares of Home Bancshares stock. The stock was sold at an average price of $18.84, for a total transaction of $292,020.00.

Home Bancshares stock traded up $0.28 during trading on Wednesday, hitting $18.74. 758,568 shares of the company were exchanged, compared to its average volume of 675,905. The company has a market capitalization of $3.14 billion, a P/E ratio of 10.71 and a beta of 1.21. The business’s 50 day moving average is $18.71 and its 200 day moving average is $18.62. Home Bancshares Inc has a 52 week low of $15.35 and a 52 week high of $20.37. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43.

Home Bancshares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $167.47 million for the quarter, compared to analysts’ expectations of $167.40 million. Home Bancshares had a return on equity of 12.22% and a net margin of 35.22%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. Equities analysts expect that Home Bancshares Inc will post 1.72 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.52 annualized dividend and a dividend yield of 2.77%. Home Bancshares’s payout ratio is 29.71%.

Several hedge funds have recently made changes to their positions in HOMB. BlackRock Inc. raised its holdings in Home Bancshares by 0.3% in the 2nd quarter. BlackRock Inc. now owns 20,080,678 shares of the financial services provider’s stock worth $386,754,000 after acquiring an additional 59,522 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Home Bancshares by 46.0% in the 2nd quarter. Northern Trust Corp now owns 3,581,175 shares of the financial services provider’s stock valued at $68,973,000 after buying an additional 1,128,511 shares during the period. Barr E S & Co. grew its position in shares of Home Bancshares by 22.1% during the 2nd quarter. Barr E S & Co. now owns 2,426,357 shares of the financial services provider’s stock valued at $46,732,000 after buying an additional 439,844 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Home Bancshares by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,977,844 shares of the financial services provider’s stock valued at $38,093,000 after buying an additional 8,644 shares during the last quarter. Finally, Copeland Capital Management LLC raised its stake in Home Bancshares by 7.2% during the third quarter. Copeland Capital Management LLC now owns 1,633,419 shares of the financial services provider’s stock worth $30,700,000 after acquiring an additional 109,636 shares during the period. Institutional investors own 67.09% of the company’s stock.

A number of equities research analysts recently weighed in on HOMB shares. BidaskClub upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a report on Saturday. Stephens set a $22.00 price target on Home Bancshares and gave the company a “buy” rating in a research note on Friday, October 18th. Citigroup cut their price target on Home Bancshares from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Finally, Zacks Investment Research lowered Home Bancshares from a “hold” rating to a “strong sell” rating in a report on Saturday, November 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Home Bancshares has an average rating of “Hold” and a consensus target price of $21.50.

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

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