Home BancShares (NYSE:HOMB) CAO Sells $81,330.00 in Stock

Home BancShares, Inc. (NYSE:HOMB) CAO Jennifer Floyd sold 3,000 shares of Home BancShares stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $27.11, for a total transaction of $81,330.00. Following the completion of the sale, the chief accounting officer owned 4,635 shares of the company’s stock, valued at $125,654.85. This trade represents a 39.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Home BancShares Stock Up 0.1%

HOMB stock traded up $0.02 during midday trading on Wednesday, hitting $26.88. The company’s stock had a trading volume of 270,107 shares, compared to its average volume of 1,439,384. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. Home BancShares, Inc. has a 52-week low of $25.67 and a 52-week high of $30.83. The firm has a market capitalization of $5.28 billion, a P/E ratio of 11.06 and a beta of 0.75. The firm has a 50-day simple moving average of $27.55 and a 200-day simple moving average of $27.91.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. The company had revenue of $266.71 million during the quarter, compared to analysts’ expectations of $274.06 million. During the same quarter last year, the company posted $0.56 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Home BancShares, Inc. will post 2.52 EPS for the current year.

Institutional Investors Weigh In On Home BancShares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fort Washington Investment Advisors Inc. OH lifted its position in Home BancShares by 52.3% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,064,495 shares of the financial services provider’s stock valued at $28,667,000 after acquiring an additional 365,440 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Home BancShares by 6.0% in the first quarter. Pictet Asset Management Holding SA now owns 31,569 shares of the financial services provider’s stock valued at $850,000 after acquiring an additional 1,792 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Home BancShares in the first quarter valued at $1,427,000. BTC Capital Management Inc. lifted its position in Home BancShares by 7.6% in the first quarter. BTC Capital Management Inc. now owns 22,383 shares of the financial services provider’s stock valued at $608,000 after acquiring an additional 1,573 shares during the last quarter. Finally, Apella Capital LLC purchased a new stake in Home BancShares in the first quarter valued at $276,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HOMB shares. Wall Street Zen cut shares of Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. Royal Bank Of Canada set a $31.00 price target on shares of Home BancShares in a research report on Monday, January 12th. Cantor Fitzgerald decreased their price objective on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Finally, Zacks Research cut shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Home BancShares presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.40.

About Home BancShares

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.