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 the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $27.52, for a total value of $664,855.68. Following the transaction, the chief executive officer now owns 53,308 shares of the company's stock, valued at $1,467,036.16. This represents a 31.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Home BancShares Trading Up 0.2%

Shares of NYSE:HOMB traded up $0.05 during trading on Friday, hitting $27.62. The company had a trading volume of 1,804,433 shares, compared to its average volume of 1,002,007. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 13.15 and a beta of 0.80. Home BancShares, Inc. has a one year low of $22.96 and a one year high of $32.91. The company has a fifty day simple moving average of $28.03 and a two-hundred day simple moving average of $28.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. The business had revenue of $260.08 million during the quarter, compared to analyst estimates of $255.20 million. Home BancShares had a return on equity of 10.49% and a net margin of 28.44%. As a group, equities analysts forecast that Home BancShares, Inc. will post 2.19 earnings per share for the current 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 paid a dividend of $0.20 per share. 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 dividend yield of 2.90%. The ex-dividend date of this dividend was Wednesday, May 14th. Home BancShares's dividend payout ratio (DPR) is currently 38.10%.

Institutional Investors Weigh In On Home BancShares

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Home BancShares by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider's stock worth $574,263,000 after acquiring an additional 121,845 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Home BancShares by 2.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,404,440 shares of the financial services provider's stock worth $237,594,000 after acquiring an additional 196,563 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Home BancShares by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,791,837 shares of the financial services provider's stock worth $192,211,000 after acquiring an additional 124,891 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Home BancShares by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider's stock worth $63,390,000 after acquiring an additional 75,463 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Home BancShares during the 4th quarter worth approximately $60,169,000. 67.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Stephens restated an "overweight" rating and set a $33.00 price target on shares of Home BancShares in a report on Monday, April 21st. Royal Bank Of Canada lowered their price objective on Home BancShares from $33.00 to $31.00 and set a "sector perform" rating for the company in a research note on Monday, April 21st. Finally, Wall Street Zen raised Home BancShares from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.

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