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.
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).
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