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Home BancShares, Inc. (NYSE:HOMB - Get Free Report) CEO John Allison purchased 100,000 shares of Home BancShares stock in a transaction dated Friday, April 17th. The stock was bought at an average cost of $26.96 per share, with a total value of $2,696,000.00. Following the completion of the transaction, the chief executive officer directly owned 5,798,926 shares of the company's stock, valued at $156,339,044.96. This represents a 1.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Home BancShares Stock Performance
Shares of HOMB opened at $27.18 on Tuesday. The company's 50 day moving average price is $27.62 and its 200 day moving average price is $27.92. Home BancShares, Inc. has a 52 week low of $25.67 and a 52 week high of $30.83. The company has a market capitalization of $5.34 billion, a PE ratio of 11.18 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 0.92.
Home BancShares (NYSE:HOMB - Get Free Report) last released its earnings results on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. The company had revenue of $266.71 million during the quarter, compared to the consensus estimate of $274.06 million. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. The company's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 EPS. Research analysts expect that Home BancShares, Inc. will post 2.52 EPS for the current fiscal year.
Home BancShares Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. Home BancShares's dividend payout ratio is 34.57%.
Hedge Funds Weigh In On Home BancShares
Hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System bought a new position in Home BancShares during the first quarter valued at about $1,427,000. BTC Capital Management Inc. boosted its stake in shares of Home BancShares by 7.6% during the 1st quarter. BTC Capital Management Inc. now owns 22,383 shares of the financial services provider's stock worth $608,000 after acquiring an additional 1,573 shares in the last quarter. Apella Capital LLC bought a new stake in shares of Home BancShares during the 1st quarter worth about $276,000. AG Campbell Advisory LLC acquired a new position in shares of Home BancShares during the 4th quarter valued at about $4,652,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Home BancShares by 319.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,470 shares of the financial services provider's stock valued at $96,000 after acquiring an additional 2,642 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on HOMB. Wall Street Zen cut Home BancShares from a "hold" rating to a "sell" rating in a research report on Saturday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Home BancShares in a research note on Monday, December 29th. Stephens reduced their price target on Home BancShares from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Friday. Keefe, Bruyette & Woods lowered their price target on Home BancShares from $32.00 to $30.00 and set a "market perform" rating for the company in a research note on Monday. Finally, Cantor Fitzgerald dropped their price objective on Home BancShares from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $31.40.
View Our Latest Analysis on Home BancShares
Home BancShares Company Profile
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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.
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