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

Home BancShares, Inc. (NYSE:HOMB) Director John Allison II sold 13,500 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $30.06, for a total value of $405,810.00. Following the transaction, the director owned 636,495 shares in the company, valued at $19,133,039.70. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Home BancShares Stock Down 0.9%

HOMB stock traded down $0.26 on Friday, reaching $29.83. 550,993 shares of the company traded hands, compared to its average volume of 1,588,021. Home BancShares, Inc. has a one year low of $25.50 and a one year high of $31.70. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $5.97 billion, a P/E ratio of 12.22 and a beta of 0.72. The firm has a fifty day simple moving average of $29.38 and a 200-day simple moving average of $28.55.

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

Home BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 11th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. Home BancShares’s dividend payout ratio is 37.70%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HOMB shares. Wall Street Zen upgraded Home BancShares from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Citigroup lowered their price target on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Keefe, Bruyette & Woods boosted their price objective on shares of Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Friday, July 17th. UBS Group reiterated a “buy” rating on shares of Home BancShares in a report on Friday, October 16th. Finally, Stephens increased their price objective on shares of Home BancShares from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.57.

Hedge Funds Weigh In On Home BancShares

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Home BancShares in the second quarter valued at $735,643,000. Dimensional Fund Advisors LP raised its position in Home BancShares by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,720,491 shares of the financial services provider’s stock valued at $180,979,000 after buying an additional 559,603 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Home BancShares by 13.4% in the first 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. Azora Capital LP purchased a new stake in Home BancShares in the 2nd quarter valued at about $62,027,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Home BancShares in the 2nd quarter worth approximately $44,068,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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.