Home BancShares, Inc. (HOMB) Director Jim Rankin Acquires 1,500 Shares
Home BancShares, Inc. (NASDAQ:HOMB) Director Jim Rankin acquired 1,500 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $21.29 per share, for a total transaction of $31,935.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Jim Rankin also recently made the following trade(s):
- On Friday, November 10th, Jim Rankin acquired 1,337 shares of Home BancShares stock. The shares were bought at an average cost of $21.45 per share, for a total transaction of $28,678.65.
Shares of Home BancShares, Inc. (NASDAQ:HOMB) traded down $0.02 on Monday, hitting $21.39. The stock had a trading volume of 846,400 shares, compared to its average volume of 874,762. Home BancShares, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $29.69. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The firm has a market cap of $3,714.24, a P/E ratio of 15.84 and a beta of 1.17.
Home BancShares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Home BancShares had a return on equity of 12.00% and a net margin of 28.19%. The firm had revenue of $128.23 million for the quarter, compared to analyst estimates of $135.55 million. During the same period in the prior year, the company posted $0.33 EPS. sell-side analysts anticipate that Home BancShares, Inc. will post 1.36 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, November 14th. Home BancShares’s dividend payout ratio is 38.94%.
A number of equities research analysts have weighed in on HOMB shares. Zacks Investment Research downgraded Home BancShares from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Stephens reaffirmed an “overweight” rating and set a $28.00 price objective (down from $29.00) on shares of Home BancShares in a report on Tuesday, September 12th. Sandler O’Neill downgraded Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a report on Friday, October 20th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 price objective on shares of Home BancShares in a report on Friday, October 20th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $30.00 price objective on shares of Home BancShares in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $27.79.
A number of large investors have recently bought and sold shares of HOMB. First Bank & Trust acquired a new position in Home BancShares during the 3rd quarter worth $117,000. Oregon Public Employees Retirement Fund acquired a new position in Home BancShares during the 2nd quarter worth $119,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Home BancShares by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the financial services provider’s stock worth $120,000 after buying an additional 379 shares in the last quarter. Advisor Group Inc. lifted its holdings in Home BancShares by 11.7% during the 2nd quarter. Advisor Group Inc. now owns 5,288 shares of the financial services provider’s stock worth $132,000 after buying an additional 554 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Home BancShares by 144.7% during the 3rd quarter. Sei Investments Co. now owns 7,039 shares of the financial services provider’s stock worth $177,000 after buying an additional 4,163 shares in the last quarter. 51.18% of the stock is currently owned by hedge funds and other institutional investors.
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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