Home Bancshares Inc (NASDAQ:HOMB) COO John Stephen Tipton sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $18.51, for a total value of $157,335.00. Following the transaction, the chief operating officer now owns 12,974 shares of the company’s stock, valued at $240,148.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

HOMB opened at $19.42 on Friday. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 11.10 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.00 and a quick ratio of 1.00. Home Bancshares Inc has a 1-year low of $15.35 and a 1-year high of $23.67. The business has a 50 day moving average price of $18.23 and a two-hundred day moving average price of $18.61.

Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $164.05 million for the quarter, compared to analysts’ expectations of $166.83 million. Home Bancshares had a return on equity of 12.64% and a net margin of 36.19%. During the same quarter in the prior year, the company earned $0.44 earnings per share. Equities analysts expect that Home Bancshares Inc will post 1.72 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.52 annualized dividend and a dividend yield of 2.68%. Home Bancshares’s dividend payout ratio is currently 29.71%.

Several equities analysts have recently issued reports on HOMB shares. BidaskClub upgraded Home Bancshares from a “sell” rating to a “hold” rating in a research report on Friday. Piper Jaffray Companies set a $22.00 price objective on Home Bancshares and gave the stock a “buy” rating in a research report on Friday, July 19th. TheStreet upgraded Home Bancshares from a “c+” rating to a “b-” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research upgraded Home Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.40.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System increased its holdings in shares of Home Bancshares by 0.7% in the second quarter. Arizona State Retirement System now owns 112,176 shares of the financial services provider’s stock valued at $2,161,000 after buying an additional 732 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Home Bancshares by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 65,125 shares of the financial services provider’s stock valued at $1,254,000 after buying an additional 887 shares in the last quarter. Private Capital Group LLC bought a new position in shares of Home Bancshares in the second quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Home Bancshares by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,894 shares of the financial services provider’s stock valued at $248,000 after buying an additional 1,206 shares in the last quarter. Finally, Texas Permanent School Fund increased its holdings in shares of Home Bancshares by 1.2% in the first quarter. Texas Permanent School Fund now owns 105,379 shares of the financial services provider’s stock valued at $1,852,000 after buying an additional 1,267 shares in the last quarter. 65.82% of the stock is currently owned by institutional investors.

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.

Further Reading: Limitations of the P/E Growth ratio

Insider Buying and Selling by Quarter for Home Bancshares (NASDAQ:HOMB)

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