Home BancShares (NYSE:HOMB) Director John Allison II Sells 13,500 Shares of Company Stock

Home BancShares, Inc. (NYSE:HOMB) Director John Allison II sold 13,500 shares of the business’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $30.06, for a total transaction of $405,810.00. Following the completion of the sale, the director owned 636,495 shares of the company’s stock, valued at approximately $19,133,039.70. This represents a 2.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Home BancShares Price Performance

Shares of HOMB opened at $29.76 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.92 and a current ratio of 0.92. The company has a 50 day moving average price of $29.37 and a 200-day moving average price of $28.55. Home BancShares, Inc. has a fifty-two week low of $25.50 and a fifty-two week high of $31.70. The stock has a market capitalization of $5.95 billion, a PE ratio of 12.20 and a beta of 0.72.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $288.44 million for the quarter, compared to analyst estimates of $294.42 million. Home BancShares had a net margin of 32.36% and a return on equity of 11.14%. Home BancShares’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. Equities analysts predict that Home BancShares, Inc. will post 2.53 earnings per share for the current fiscal year.

Home BancShares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 11th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, November 10th. Home BancShares’s dividend payout ratio (DPR) is 37.70%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Cantor Fitzgerald reissued a “neutral” rating on shares of Home BancShares in a research report on Thursday, October 15th. Keefe, Bruyette & Woods upped their price objective on Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Friday, July 17th. Citigroup dropped their price objective on Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Hovde Group assumed coverage on Home BancShares in a research note on Tuesday, September 8th. They issued an “outperform” rating and a $34.00 target price on the stock. Finally, UBS Group reiterated a “buy” rating on shares of Home BancShares in a research note on Friday, October 16th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.57.

Institutional Investors Weigh In On Home BancShares

A number of hedge funds and other institutional investors have recently bought and sold shares of HOMB. Hsbc Holdings PLC purchased a new position in Home BancShares in the 2nd quarter worth $4,628,000. Bank of America Corp DE lifted its position in Home BancShares by 14.5% during the 1st quarter. Bank of America Corp DE now owns 886,006 shares of the financial services provider’s stock worth $23,860,000 after acquiring an additional 111,888 shares during the period. Wellington Management Group LLP lifted its position in Home BancShares by 23.9% during the 2nd quarter. Wellington Management Group LLP now owns 977,284 shares of the financial services provider’s stock worth $27,901,000 after acquiring an additional 188,710 shares during the period. First Trust Advisors LP grew its stake in Home BancShares by 13.4% during the 1st quarter. First Trust Advisors LP now owns 3,471,607 shares of the financial services provider’s stock valued at $93,490,000 after purchasing an additional 410,719 shares during the last quarter. Finally, Odyssean LLC grew its stake in Home BancShares by 93.8% during the 2nd quarter. Odyssean LLC now owns 105,232 shares of the financial services provider’s stock valued at $3,004,000 after purchasing an additional 50,943 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

About Home BancShares

Home BancShares, Inc is a bank holding company headquartered in Conway, Arkansas. Through its principal subsidiary, Centennial Bank, the company provides banking services to businesses, individuals and institutions, including commercial and consumer lending, residential and commercial real estate loans, deposit accounts, cash management and online banking services.

Centennial Bank serves customers through a network of financial centers and digital banking channels in markets across Arkansas, Florida, Alabama and Texas.