Home BancShares, Inc. (NASDAQ:HOMB)’s share price were down 5.1% on Tuesday . The company traded as low as $22.04 and last traded at $22.15. Approximately 1,112,754 shares changed hands during trading, an increase of 94% from the average daily volume of 574,578 shares. The stock had previously closed at $23.33.

A number of equities analysts have weighed in on HOMB shares. BidaskClub lowered Home BancShares from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Keefe, Bruyette & Woods raised Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a research note on Monday, May 15th. Zacks Investment Research lowered Home BancShares from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. ValuEngine raised Home BancShares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $27.00 price target on shares of Home BancShares in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $28.70.

The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 16.44 and a beta of 1.19. The company’s 50-day moving average is $24.18 and its 200 day moving average is $25.35.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, August 14th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 2.00%. Home BancShares’s dividend payout ratio is 32.84%.

In other Home BancShares news, Chairman John W. Allison acquired 15,000 shares of Home BancShares stock in a transaction dated Wednesday, July 26th. The stock was acquired at an average cost of $25.46 per share, for a total transaction of $381,900.00. Following the completion of the transaction, the chairman now owns 4,968,396 shares in the company, valued at approximately $126,495,362.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tracy French acquired 3,100 shares of Home BancShares stock in a transaction dated 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 completion of the transaction, the insider now owns 102,268 shares of the company’s stock, valued at approximately $2,407,388.72. The disclosure for this purchase can be found here. Insiders have bought 33,100 shares of company stock valued at $825,074 over the last ninety days. Corporate insiders own 11.27% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HOMB. BlackRock Inc. boosted its position in shares of Home BancShares by 37,629.8% during the first quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock worth $444,776,000 after buying an additional 16,387,044 shares during the period. State Street Corp boosted its position in shares of Home BancShares by 34.9% during the second quarter. State Street Corp now owns 6,100,422 shares of the financial services provider’s stock worth $151,902,000 after buying an additional 1,579,605 shares during the period. Voya Investment Management LLC boosted its position in shares of Home BancShares by 865.4% during the second quarter. Voya Investment Management LLC now owns 1,345,605 shares of the financial services provider’s stock worth $33,505,000 after buying an additional 1,206,224 shares during the period. Vanguard Group Inc. boosted its position in shares of Home BancShares by 9.6% during the first quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock worth $300,852,000 after buying an additional 973,217 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Home BancShares by 19.6% during the second quarter. Northern Trust Corp now owns 3,470,629 shares of the financial services provider’s stock worth $86,419,000 after buying an additional 569,061 shares during the period. Institutional investors and hedge funds own 60.61% of the company’s stock.

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About Home BancShares

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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