Home Bancshares Inc (NASDAQ:HOMB) insider Russell Davis Carter III sold 3,333 shares of Home Bancshares stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $18.20, for a total transaction of $60,660.60. Following the sale, the insider now owns 16,259 shares in the company, valued at $295,913.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Home Bancshares stock opened at $17.52 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62. Home Bancshares Inc has a twelve month low of $15.35 and a twelve month high of $24.56. The stock has a market cap of $2.99 billion, a PE ratio of 10.11 and a beta of 1.16.

Home Bancshares (NASDAQ:HOMB) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Home Bancshares had a net margin of 37.12% and a return on equity of 12.95%. The business had revenue of $163.14 million for the quarter, compared to analyst estimates of $163.93 million. During the same period in the previous year, the business earned $0.42 EPS. Research analysts forecast that Home Bancshares Inc will post 1.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.13 per share. This is a positive change from Home Bancshares’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Tuesday, May 14th. Home Bancshares’s payout ratio is 29.71%.

Several analysts have recently weighed in on HOMB shares. Zacks Investment Research upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. ValuEngine upgraded shares of Home Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, February 8th. Barclays started coverage on shares of Home Bancshares in a research report on Monday, February 11th. They set an “equal weight” rating and a $21.00 target price on the stock. BidaskClub upgraded shares of Home Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Finally, Stephens reiterated a “buy” rating and set a $22.00 target price on shares of Home Bancshares in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Home Bancshares presently has an average rating of “Hold” and a consensus target price of $23.60.

A number of large investors have recently added to or reduced their stakes in HOMB. BlackRock Inc. boosted its position in Home Bancshares by 6.4% in the fourth quarter. BlackRock Inc. now owns 19,800,521 shares of the financial services provider’s stock valued at $323,539,000 after buying an additional 1,188,337 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Home Bancshares by 1,589.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,049,649 shares of the financial services provider’s stock valued at $64,000 after buying an additional 987,531 shares in the last quarter. Norges Bank acquired a new position in Home Bancshares in the fourth quarter valued at about $13,421,000. American Century Companies Inc. boosted its position in Home Bancshares by 25.7% in the fourth quarter. American Century Companies Inc. now owns 2,782,067 shares of the financial services provider’s stock valued at $45,459,000 after buying an additional 568,791 shares in the last quarter. Finally, Davis Capital Partners LLC boosted its position in Home Bancshares by 116.7% in the fourth quarter. Davis Capital Partners LLC now owns 650,000 shares of the financial services provider’s stock valued at $10,621,000 after buying an additional 350,000 shares in the last quarter. Hedge funds and other institutional investors own 65.80% of the company’s stock.

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Home Bancshares Company Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, demand, and money market accounts, as well as certificates of deposit.

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