Jim Rankin Acquires 1,337 Shares of Home BancShares, Inc. (HOMB) Stock

Home BancShares, Inc. (NASDAQ:HOMB) Director Jim Rankin purchased 1,337 shares of the company’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $21.45 per share, with a total value of $28,678.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jim Rankin also recently made the following trade(s):

  • On Wednesday, November 8th, Jim Rankin acquired 1,500 shares of Home BancShares stock. The shares were purchased at an average cost of $21.29 per share, for a total transaction of $31,935.00.

Home BancShares, Inc. (NASDAQ:HOMB) traded up $0.02 during trading hours on Wednesday, reaching $21.61. The company had a trading volume of 638,800 shares, compared to its average volume of 873,825. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. Home BancShares, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $29.69. The firm has a market capitalization of $3,748.97, a P/E ratio of 15.99 and a beta of 1.17.

Home BancShares (NASDAQ:HOMB) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). The company had revenue of $128.23 million during the quarter, compared to analyst estimates of $135.55 million. Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. During the same quarter in the previous year, the firm earned $0.33 earnings per share. analysts expect that Home BancShares, Inc. will post 1.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.04%. Home BancShares’s dividend payout ratio (DPR) is presently 38.94%.

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Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. grew its position in Home BancShares by 71.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,301 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 4,283 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Home BancShares during the third quarter worth about $201,000. Grandeur Peak Global Advisors LLC raised its holdings in shares of Home BancShares by 10.0% during the third quarter. Grandeur Peak Global Advisors LLC now owns 321,237 shares of the financial services provider’s stock worth $8,102,000 after acquiring an additional 29,300 shares during the period. Jane Street Group LLC acquired a new stake in Home BancShares in the 3rd quarter worth about $1,064,000. Finally, Maltese Capital Management LLC acquired a new stake in Home BancShares in the 3rd quarter worth about $6,557,000. 51.18% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the company. Zacks Investment Research raised Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, July 25th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $27.00 price objective on shares of Home BancShares in a research report on Thursday, October 5th. Sandler O’Neill downgraded Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research report on Friday, October 20th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $30.00 price objective on shares of Home BancShares in a research note on Friday, July 21st. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $28.00 price objective on shares of Home BancShares in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Home BancShares presently has a consensus rating of “Hold” and a consensus price target of $27.79.

Home BancShares Company Profile

Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).

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

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