Home BancShares, Inc. (NYSE:HOMB) CEO John Stephen Tipton Sells 24,159 Shares

Home BancShares, Inc. (NYSE:HOMB - Get Free Report) CEO John Stephen Tipton sold 24,159 shares of Home BancShares stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $27.52, for a total value of $664,855.68. Following the completion of the transaction, the chief executive officer now owns 53,308 shares of the company's stock, valued at approximately $1,467,036.16. This represents a 31.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Home BancShares Price Performance

Shares of NYSE:HOMB traded up $0.48 during trading on Monday, reaching $28.11. The stock had a trading volume of 1,237,226 shares, compared to its average volume of 1,000,285. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90. Home BancShares, Inc. has a 1-year low of $23.14 and a 1-year high of $32.91. The stock has a market cap of $5.55 billion, a PE ratio of 13.39 and a beta of 0.80. The business has a fifty day moving average price of $28.03 and a 200-day moving average price of $28.58.

Home BancShares (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. Home BancShares had a return on equity of 10.49% and a net margin of 28.44%. The company had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. On average, equities analysts forecast that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This is a positive change from Home BancShares's previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a yield of 2.85%. Home BancShares's payout ratio is presently 38.10%.

Institutional Trading of Home BancShares

Several large investors have recently bought and sold shares of HOMB. Strs Ohio acquired a new position in shares of Home BancShares during the 1st quarter worth approximately $517,000. Geneos Wealth Management Inc. lifted its position in Home BancShares by 155.8% during the first quarter. Geneos Wealth Management Inc. now owns 3,817 shares of the financial services provider's stock worth $108,000 after buying an additional 2,325 shares in the last quarter. Intech Investment Management LLC boosted its stake in Home BancShares by 25.3% during the first quarter. Intech Investment Management LLC now owns 84,763 shares of the financial services provider's stock worth $2,396,000 after buying an additional 17,129 shares during the last quarter. Jane Street Group LLC boosted its stake in Home BancShares by 82.7% during the first quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider's stock worth $7,826,000 after buying an additional 125,301 shares during the last quarter. Finally, Bayforest Capital Ltd grew its holdings in Home BancShares by 59.4% in the 1st quarter. Bayforest Capital Ltd now owns 9,995 shares of the financial services provider's stock valued at $283,000 after buying an additional 3,726 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HOMB shares. Wall Street Zen upgraded Home BancShares from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Stephens reissued an "overweight" rating and issued a $33.00 price target on shares of Home BancShares in a report on Monday, April 21st. Finally, Royal Bank Of Canada reduced their price objective on shares of Home BancShares from $33.00 to $31.00 and set a "sector perform" rating for the company in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Home BancShares presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

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, and money market accounts, as well as certificates of deposit.