Home BancShares Inc. (HOMB) Sees Strong Trading Volume
Shares of Home BancShares Inc. (NASDAQ:HOMB) saw unusually-high trading volume on Thursday . Approximately 376,319 shares were traded during trading, a decline of 2% from the previous session’s volume of 385,730 shares.The stock last traded at $23.32 and had previously closed at $23.40.
Separately, Zacks Investment Research cut Home BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Home BancShares currently has a consensus rating of “Buy” and a consensus price target of $22.78.
The company has a market cap of $3.27 billion and a P/E ratio of 20.63. The company has a 50-day moving average price of $21.51 and a 200-day moving average price of $20.89.
Home BancShares (NASDAQ:HOMB) last posted its earnings results on Thursday, July 21st. The financial services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. During the same period in the previous year, the company earned $0.50 earnings per share. On average, equities research analysts predict that Home BancShares Inc. will post $1.23 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 10th were given a $0.09 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.54%. This is a boost from Home BancShares’s previous quarterly dividend of $0.09.
In other Home BancShares news, Director Alex R. Lieblong sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $23.01, for a total transaction of $575,250.00. Following the sale, the director now directly owns 805,004 shares of the company’s stock, valued at $18,523,142.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Russell Davis Carter III sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $21.22, for a total value of $169,760.00. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in Home BancShares stock. Trexquant Investment LP acquired a new stake in Home BancShares Inc. (NASDAQ:HOMB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,000 shares of the financial services provider’s stock, valued at approximately $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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