Home BancShares Inc. (HOMB) Sees Large Volume Increase
Home BancShares Inc. (NASDAQ:HOMB) shares saw strong trading volume on Thursday . 558,777 shares traded hands during 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.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Home BancShares from a “sell” rating to a “buy” rating and set a $24.50 price objective for the company in a research report on Wednesday, April 27th. FIG Partners cut 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 assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $22.78.
The stock has a market capitalization of $2.98 billion and a PE ratio of 18.81. The stock’s 50 day moving average price is $20.43 and its 200 day moving average price is $20.56.
Home BancShares (NASDAQ:HOMB) last issued its earnings results on Thursday, July 21st. The financial services provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. During the same period last year, the firm posted $0.50 earnings per share. Equities analysts anticipate that Home BancShares Inc. will post $1.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.69%. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, August 8th.
In other Home BancShares news, Director Alex R. Lieblong sold 25,000 shares of the firm’s stock in a transaction dated 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 directly owns 805,004 shares of the company’s stock, valued at $17,283,435.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of hedge funds and institutional investors recently added to or reduced their stakes in HOMB. Dimensional Fund Advisors LP raised 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 valued at $60,160,000 after buying an additional 92,507 shares during the period. Principal Financial Group Inc. raised its position in Home BancShares by 7.5% in the fourth quarter. Principal Financial Group Inc. now owns 412,984 shares of the financial services provider’s stock valued at $16,734,000 after buying an additional 28,987 shares during the period. Morgan Stanley raised its position in Home BancShares by 1,065.4% in the fourth quarter. Morgan Stanley now owns 202,469 shares of the financial services provider’s stock valued at $8,203,000 after buying an additional 185,095 shares during the period. Matarin Capital Management LLC bought a new position in Home BancShares during the fourth quarter valued at approximately $7,014,000. Finally, Stephens Inc. AR raised 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 valued at $6,980,000 after buying an additional 16,559 shares during the period.
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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