Home BancShares (NYSE:HOMB) Director Sells $140,950.00 in Stock

Key Points

  • Director John Allison II sold 5,000 shares at an average price of $28.19 for proceeds of $140,950, reducing his stake by 0.76% to 651,995 shares; the sale was disclosed in an SEC filing.
  • Home BancShares posted Q results of $0.60 EPS (in line with estimates) and revenue of $282.09M versus $272.48M expected, with revenue up 9.2% year-over-year and a return on equity of 11.16%.
  • The company pays a quarterly dividend of $0.21 (annualized $0.84) for a 3.0% yield, trades at a P/E of 11.74 with a $5.56B market cap, and holds a consensus rating of Moderate Buy (target $32.60).

Home BancShares, Inc. (NYSE:HOMB - Get Free Report) Director John Allison II sold 5,000 shares of the firm's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $28.19, for a total transaction of $140,950.00. Following the completion of the sale, the director directly owned 651,995 shares in the company, valued at approximately $18,379,739.05. This trade represents a 0.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Home BancShares Price Performance

HOMB stock opened at $28.31 on Wednesday. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 11.74 and a beta of 0.80. The firm's 50-day moving average price is $28.84 and its two-hundred day moving average price is $28.45. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. Home BancShares, Inc. has a 12-month low of $24.22 and a 12-month high of $30.83.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. Home BancShares had a return on equity of 11.16% and a net margin of 32.18%.The company had revenue of $282.09 million for the quarter, compared to analysts' expectations of $272.48 million. During the same period last year, the firm earned $0.50 earnings per share. Home BancShares's quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities analysts predict that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Dividend Announcement




The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, February 11th. Home BancShares's dividend payout ratio (DPR) is currently 34.85%.

Institutional Investors Weigh In On Home BancShares

Hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC grew its holdings in Home BancShares by 164.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider's stock worth $30,000 after purchasing an additional 674 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Home BancShares in the 4th quarter worth approximately $36,000. Covestor Ltd boosted its position in shares of Home BancShares by 110.6% in the 4th quarter. Covestor Ltd now owns 1,327 shares of the financial services provider's stock worth $37,000 after purchasing an additional 697 shares in the last quarter. Binnacle Investments Inc grew its stake in shares of Home BancShares by 76.7% in the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider's stock worth $38,000 after buying an additional 577 shares during the last quarter. Finally, First Horizon Corp bought a new position in Home BancShares during the 3rd quarter valued at approximately $43,000. Institutional investors own 67.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on HOMB. Zacks Research raised Home BancShares from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 19th. Wall Street Zen lowered shares of Home BancShares from a "hold" rating to a "sell" rating in a report on Saturday, January 31st. Piper Sandler reaffirmed an "overweight" rating and issued a $35.00 target price (up from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Home BancShares in a research report on Monday, December 29th. Finally, Royal Bank Of Canada set a $31.00 price target on shares of Home BancShares in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Home BancShares presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.60.

Get Our Latest Analysis on Home BancShares

Home BancShares Company Profile

(Get Free Report)

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company's core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.

Further Reading

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at Home BancShares?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Home BancShares and related companies.
From Our Partners
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles