Home BancShares, Inc. (NASDAQ:HOMB) insider Tracy French bought 3,100 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $23.54 per share, with a total value of $72,974.00. Following the purchase, the insider now owns 102,268 shares in the company, valued at $2,407,388.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Home BancShares, Inc. (NASDAQ:HOMB) traded down 1.62% during mid-day trading on Friday, hitting $23.63. The company’s stock had a trading volume of 804,479 shares. Home BancShares, Inc. has a 1-year low of $19.74 and a 1-year high of $29.69. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 17.67 and a beta of 1.18. The company has a 50-day moving average of $24.77 and a 200 day moving average of $25.83.

Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $131.77 million during the quarter, compared to the consensus estimate of $132.18 million. Home BancShares had a net margin of 33.97% and a return on equity of 13.77%. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, analysts expect that Home BancShares, Inc. will post $1.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, August 14th. This is an increase from Home BancShares’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 1.83%. Home BancShares’s payout ratio is currently 26.87%.

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Several brokerages recently weighed in on HOMB. Zacks Investment Research upgraded Home BancShares from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday, July 25th. Piper Jaffray Companies restated a “hold” rating and set a $27.00 target price on shares of Home BancShares in a research note on Friday, July 21st. BidaskClub downgraded Home BancShares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. ValuEngine upgraded Home BancShares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $30.00 target price on shares of Home BancShares in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.70.

A number of hedge funds have recently bought and sold shares of HOMB. Advisor Group Inc. increased its stake in Home BancShares by 11.7% in the second quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock valued at $132,000 after buying an additional 554 shares in the last quarter. M&T Bank Corp increased its stake in Home BancShares by 0.4% in the second quarter. M&T Bank Corp now owns 12,066 shares of the financial services provider’s stock valued at $300,000 after buying an additional 48 shares in the last quarter. California Public Employees Retirement System increased its stake in Home BancShares by 8.4% in the second quarter. California Public Employees Retirement System now owns 202,000 shares of the financial services provider’s stock valued at $5,030,000 after buying an additional 15,700 shares in the last quarter. FMR LLC increased its stake in Home BancShares by 25.1% in the second quarter. FMR LLC now owns 1,176,400 shares of the financial services provider’s stock valued at $29,292,000 after buying an additional 235,700 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Home BancShares by 19.6% in the second quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock valued at $86,419,000 after buying an additional 569,061 shares in the last quarter. 60.51% of the stock is owned by institutional investors and hedge funds.

Home BancShares Company Profile

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).

Insider Buying and Selling by Quarter for Home BancShares (NASDAQ:HOMB)

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