Home BancShares Inc. (HOMB) Sees Unusually-High Trading Volume
Home BancShares Inc. (NASDAQ:HOMB) saw an uptick in trading volume on Thursday . 376,319 shares changed hands during mid-day 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 upgraded Home BancShares from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Monday, July 25th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Home BancShares currently has an average rating of “Buy” and an average price target of $22.78.
The company has a 50-day moving average of $21.58 and a 200-day moving average of $20.91. The firm has a market capitalization of $3.30 billion and a price-to-earnings ratio of 20.80.
Home BancShares (NASDAQ:HOMB) last issued its earnings results on Thursday, July 21st. The financial services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. During the same period in the previous year, the company earned $0.50 EPS. On average, equities analysts predict that Home BancShares Inc. will post $1.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 10th were paid a dividend of $0.09 per share. The ex-dividend date was Monday, August 8th. This represents a $0.36 annualized dividend and a yield of 1.53%. This is a positive change from Home BancShares’s previous quarterly dividend of $0.09.
In other news, Director Alex R. Lieblong sold 25,000 shares of the stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $21.47, for a total transaction of $536,750.00. Following the transaction, the director now directly owns 805,004 shares of the company’s stock, valued at approximately $17,283,435.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Russell Davis Carter III sold 8,000 shares of the stock in a transaction on Friday, August 12th. The shares were 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.
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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