Insider Buying: Jack Engelkes Purchases 5,200 Shares of Home Bancshares Stock (HOMB)
Home Bancshares (NASDAQ:HOMB) Director Jack Engelkes bought 5,200 shares of the company’s stock on the open market in a transaction dated Friday, August 1st. The stock was purchased at an average price of $29.33 per share, for a total transaction of $152,516.00. Following the purchase, the director now directly owns 55,920 shares of the company’s stock, valued at approximately $1,640,134. The transaction was disclosed in a legal 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 FIG Partners upgraded shares of Home Bancshares from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a $35.00 price target on the stock, down previously from $36.50. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Home Bancshares in a research note on Friday, July 18th. They now have a $37.00 price target on the stock, down previously from $38.00. Finally, analysts at Raymond James reiterated a “hold” rating on shares of Home Bancshares in a research note on Friday, May 16th. They now have a $38.00 price target on the stock, up previously from $28.70. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $34.78.
Home Bancshares (NASDAQ:HOMB) traded up 0.54% on Tuesday, hitting $29.56. 130,534 shares of the company’s stock traded hands. Home Bancshares has a 52 week low of $24.83 and a 52 week high of $38.98. The stock’s 50-day moving average is $31.7 and its 200-day moving average is $32.45. The company has a market cap of $1.926 billion and a P/E ratio of 21.20.
Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.01. During the same quarter in the prior year, the company posted $0.32 earnings per share. Analysts expect that Home Bancshares will post $1.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Wednesday, August 13th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Monday, August 11th. This is an increase from Home Bancshares’s previous quarterly dividend of $0.08.
Home BancShares, Inc (NASDAQ:HOMB), is a bank holding company.
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