Home BancShares Director Unloads $99,720 in Stock (HOMB)
Home BancShares (NASDAQ:HOMB) Director Jack Engelkes sold 3,000 shares of the stock on the open market in a transaction dated Friday, October 25th. The shares were sold at an average price of $33.24, for a total value of $99,720.00. Following the sale, the director now directly owns 2,666 shares in the company, valued at approximately $88,618. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
HOMB has been the subject of a number of recent research reports. Analysts at Sterne Agee initiated coverage on shares of Home BancShares in a research note to investors on Wednesday, October 23rd. They set a “neutral” rating on the stock. Separately, analysts at Raymond James downgraded shares of Home BancShares from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, October 18th. They now have a $29.00 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Home BancShares from $30.00 to $32.00 in a research note to investors on Friday, October 18th. They now have a “hold” rating on the stock. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.45.
Home BancShares (NASDAQ:HOMB) traded up 1.31% during mid-day trading on Tuesday, hitting $34.80. 141,281 shares of the company’s stock traded hands. Home BancShares has a one year low of $15.385 and a one year high of $29.45. The stock’s 50-day moving average is $27.06 and its 200-day moving average is $22.56. The company has a market cap of $1.958 billion and a price-to-earnings ratio of 27.39.
Home BancShares (NASDAQ:HOMB) last announced its earnings results on Thursday, October 17th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.02. During the same quarter in the prior year, the company posted $0.57 earnings per share. Analysts expect that Home BancShares will post $1.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.08 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, November 8th.
Home BancShares, Inc (NASDAQ:HOMB) is a bank holding company.
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