Home Bancshares Inc (NASDAQ:HOMB) Director Sells $285,300.00 in Stock

Home Bancshares Inc (NASDAQ:HOMB) Director Alex R. Lieblong sold 15,000 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $19.02, for a total transaction of $285,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • 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.

Shares of NASDAQ HOMB opened at $18.89 on Friday. The company has a 50 day simple moving average of $18.70 and a 200 day simple moving average of $18.67. The firm has a market cap of $3.20 billion, a PE ratio of 10.79 and a beta of 1.20. Home Bancshares Inc has a 1 year low of $15.35 and a 1 year high of $20.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.98 and a quick ratio of 1.00.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.52 dividend on an annualized basis and a yield of 2.75%. Home Bancshares’s dividend payout ratio (DPR) is presently 29.71%.

HOMB has been the subject of a number of research reports. Piper Jaffray Companies set a $22.00 price objective on shares of Home Bancshares and gave the company a “buy” rating in a report on Friday, July 19th. Zacks Investment Research lowered shares of Home Bancshares from a “hold” rating to a “strong sell” rating in a report on Saturday. Citigroup dropped their price objective on shares of Home Bancshares from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, October 18th. BidaskClub upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a report on Friday, September 13th. Finally, TheStreet upgraded shares of Home Bancshares from a “c+” rating to a “b-” rating in a report on Friday, July 26th. Two equities research 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. Home Bancshares has an average rating of “Hold” and a consensus price target of $21.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential PLC acquired a new stake in Home Bancshares during the 2nd quarter valued at approximately $21,113,000. WBI Investments Inc. acquired a new stake in Home Bancshares during the 2nd quarter valued at approximately $517,000. Kwmg LLC increased its position in Home Bancshares by 3.0% during the 3rd quarter. Kwmg LLC now owns 136,527 shares of the financial services provider’s stock valued at $2,566,000 after purchasing an additional 4,015 shares during the period. Cerebellum GP LLC acquired a new stake in Home Bancshares during the 3rd quarter valued at approximately $3,372,000. Finally, Envestnet Asset Management Inc. increased its position in Home Bancshares by 18.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 100,873 shares of the financial services provider’s stock valued at $1,943,000 after purchasing an additional 15,936 shares during the period. Institutional investors and hedge funds own 65.94% of the company’s stock.

Home Bancshares Company Profile

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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