Insider Selling: Home BancShares (NYSE:HOMB) Director Sells 5,000 Shares of Stock

Home BancShares, Inc. (NYSE:HOMB) Director John Allison II sold 5,000 shares of Home BancShares stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $28.19, for a total transaction of $140,950.00. Following the completion of the sale, the director owned 651,995 shares of the company’s stock, valued at approximately $18,379,739.05. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Home BancShares Price Performance

NYSE HOMB traded down $0.13 during midday trading on Tuesday, hitting $28.16. The company had a trading volume of 228,848 shares, compared to its average volume of 1,298,567. Home BancShares, Inc. has a twelve month low of $24.22 and a twelve month high of $30.83. The company has a market capitalization of $5.53 billion, a PE ratio of 11.67 and a beta of 0.80. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $28.85 and a 200-day moving average price of $28.45.

Home BancShares (NYSE:HOMB) last issued its earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. Home BancShares had a return on equity of 11.16% and a net margin of 32.18%.The business had revenue of $282.09 million during the quarter, compared to analysts’ expectations of $272.48 million. During the same quarter in the prior year, the firm earned $0.50 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HOMB. TMB Capital Partners LLC purchased a new stake in Home BancShares in the fourth quarter worth $1,849,000. Invesco Ltd. increased its stake in shares of Home BancShares by 5.9% in the fourth quarter. Invesco Ltd. now owns 458,757 shares of the financial services provider’s stock worth $12,744,000 after purchasing an additional 25,541 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Home BancShares in the 4th quarter worth $204,000. State of Tennessee Department of Treasury raised its holdings in Home BancShares by 3.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 77,717 shares of the financial services provider’s stock valued at $2,246,000 after buying an additional 2,587 shares during the period. Finally, VARCOV Co. purchased a new position in Home BancShares during the fourth quarter worth $944,000. Institutional investors own 67.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on HOMB shares. Royal Bank Of Canada set a $31.00 price objective on Home BancShares in a report on Monday, January 12th. Piper Sandler reissued 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 reaffirmed a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. Wall Street Zen cut Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Finally, Zacks Research upgraded shares of Home BancShares from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One investment 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.60.

About Home BancShares

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.