Rep. Jefferson Shreve Sells Off Shares of Home BancShares, Inc. (NYSE:HOMB)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Home BancShares, Inc. NYSE: HOMB. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Home BancShares stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Home BancShares Price Performance

Shares of NYSE:HOMB traded down $0.18 on Friday, hitting $28.64. The company's stock had a trading volume of 949,183 shares, compared to its average volume of 1,160,303. The company has a 50-day simple moving average of $28.67 and a 200 day simple moving average of $28.61. Home BancShares, Inc. has a 1 year low of $24.22 and a 1 year high of $32.90. The company has a market capitalization of $5.65 billion, a PE ratio of 13.08 and a beta of 0.79. The company has a debt-to-equity ratio of 0.24, 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, July 16th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The company had revenue of $271.03 million during the quarter, compared to the consensus estimate of $262.56 million. During the same period in the previous year, the firm posted $0.52 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.79%. Home BancShares's payout ratio is currently 36.53%.

Insider Buying and Selling at Home BancShares

In other news, insider Kevin Hester sold 7,128 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total transaction of $204,359.76. Following the transaction, the insider directly owned 124,912 shares of the company's stock, valued at $3,581,227.04. This represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Stephen Tipton sold 24,159 shares of the company's stock in a transaction 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 directly owned 53,308 shares in the company, valued at approximately $1,467,036.16. The trade was a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HOMB. Aster Capital Management DIFC Ltd bought a new stake in shares of Home BancShares during the 4th quarter valued at $28,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Home BancShares during the first quarter valued at $39,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Home BancShares by 48.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 530 shares in the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Home BancShares during the fourth quarter valued at $53,000. Finally, Summit Securities Group LLC bought a new position in shares of Home BancShares during the first quarter valued at $64,000. 67.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on HOMB. Stephens reissued an "overweight" rating and set a $33.00 price objective on shares of Home BancShares in a research note on Monday, April 21st. Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a report on Saturday. Royal Bank Of Canada cut their price target on shares of Home BancShares from $33.00 to $31.00 and set a "sector perform" rating on the stock in a report on Monday, April 21st. Piper Sandler raised their price target on shares of Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $33.20.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.