Home BancShares Inc. (HOMB) Sees Large Volume Increase
Shares of Home BancShares Inc. (NASDAQ:HOMB) saw unusually-strong trading volume on Thursday . Approximately 558,777 shares traded hands during mid-day trading, an increase of 46% from the previous session’s volume of 383,512 shares.The stock last traded at $21.52 and had previously closed at $21.32.
HOMB has been the topic of several research reports. Zacks Investment Research upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a research report on Friday, April 15th. FIG Partners downgraded shares of Home BancShares from an “outperform” rating to a “market perform” rating in a research report on Monday, April 25th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Home BancShares presently has an average rating of “Buy” and a consensus price target of $22.78.
The stock’s 50-day moving average price is $20.44 and its 200-day moving average price is $20.53. The firm has a market cap of $3.01 billion and a P/E ratio of 19.00.
Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, July 21st. The financial services provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. During the same period last year, the company posted $0.50 EPS. Analysts anticipate that Home BancShares Inc. will post $1.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, August 8th. This is an increase from Home BancShares’s previous quarterly dividend of $0.09.
In related news, Director Alex R. Lieblong sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $21.47, for a total value of $536,750.00. Following the transaction, the director now owns 805,004 shares in the company, valued at $17,283,435.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several hedge funds and institutional investors recently modified their holdings of HOMB. State of Tennessee Treasury Department bought a new position in shares of Home BancShares during the fourth quarter worth approximately $1,925,000. Dimensional Fund Advisors LP boosted its position in Home BancShares by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,484,679 shares of the financial services provider’s stock worth $60,160,000 after buying an additional 92,507 shares in the last quarter. Matarin Capital Management LLC acquired a new position in Home BancShares during the fourth quarter worth about $7,014,000. Stephens Inc. AR boosted its position in Home BancShares by 10.6% in the fourth quarter. Stephens Inc. AR now owns 172,256 shares of the financial services provider’s stock worth $6,980,000 after buying an additional 16,559 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in Home BancShares during the fourth quarter worth about $1,094,000.
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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