Home BancShares, Inc. (NASDAQ:HOMB) Chairman John W. Allison acquired 15,000 shares of the stock in a transaction on Monday, July 24th. The stock was bought at an average price of $24.68 per share, with a total value of $370,200.00. Following the transaction, the chairman now directly owns 4,953,896 shares of the company’s stock, valued at approximately $122,262,153.28. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Home BancShares, Inc. (HOMB) traded up 4.36% during mid-day trading on Tuesday, reaching $25.86. The company’s stock had a trading volume of 1,036,486 shares. Home BancShares, Inc. has a 52-week low of $19.74 and a 52-week high of $29.69. The company has a market cap of $3.70 billion, a PE ratio of 19.37 and a beta of 1.19. The company has a 50-day moving average price of $24.70 and a 200 day moving average price of $25.99.

Home BancShares (NASDAQ:HOMB) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. Home BancShares had a return on equity of 13.77% and a net margin of 33.97%. The firm had revenue of $131.77 million during the quarter, compared to analyst estimates of $132.18 million. During the same period last year, the company earned $0.31 EPS. Equities analysts expect that Home BancShares, Inc. will post $1.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, August 14th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 1.78%. Home BancShares’s payout ratio is 26.87%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOMB. BlackRock Inc. raised its position in Home BancShares by 37,629.8% in the first quarter. BlackRock Inc. now owns 16,430,592 shares of the financial services provider’s stock valued at $444,776,000 after buying an additional 16,387,044 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Home BancShares by 9.6% in the first quarter. Vanguard Group Inc. now owns 11,113,886 shares of the financial services provider’s stock valued at $300,852,000 after buying an additional 973,217 shares during the period. State Street Corp increased its position in shares of Home BancShares by 4.9% in the first quarter. State Street Corp now owns 4,520,817 shares of the financial services provider’s stock valued at $122,383,000 after buying an additional 212,972 shares during the period. Geode Capital Management LLC increased its position in shares of Home BancShares by 11.9% in the first quarter. Geode Capital Management LLC now owns 1,136,720 shares of the financial services provider’s stock valued at $30,771,000 after buying an additional 120,919 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Home BancShares by 5.1% in the first quarter. Principal Financial Group Inc. now owns 978,476 shares of the financial services provider’s stock valued at $26,487,000 after buying an additional 47,059 shares during the period. 60.23% of the stock is owned by hedge funds and other institutional investors.

Several analysts have weighed in on HOMB shares. Stephens reiterated a “buy” rating on shares of Home BancShares in a research report on Thursday, April 20th. Merion Capital Group reiterated a “neutral” rating and issued a $28.50 price objective on shares of Home BancShares in a research report on Monday, April 24th. Keefe, Bruyette & Woods upgraded Home BancShares from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research report on Monday, May 15th. BidaskClub upgraded Home BancShares from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research upgraded Home BancShares from a “sell” rating to a “hold” rating in a research report on Monday, June 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $29.30.

About Home BancShares

Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).

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

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