Home Bancshares Inc (NASDAQ:HOMB) Insider Russell Davis Carter III Sells 7,500 Shares

Home Bancshares Inc (NASDAQ:HOMB) insider Russell Davis Carter III sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $18.94, for a total transaction of $142,050.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Russell Davis Carter III also recently made the following trade(s):

  • On Monday, August 19th, Russell Davis Carter III sold 7,500 shares of Home Bancshares stock. The shares were sold at an average price of $18.29, for a total transaction of $137,175.00.

Shares of HOMB stock opened at $19.22 on Friday. Home Bancshares Inc has a 12-month low of $15.35 and a 12-month high of $23.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $18.24 and its 200 day moving average is $18.62. The stock has a market capitalization of $3.14 billion, a P/E ratio of 10.98 and a beta of 1.21.

Home Bancshares (NASDAQ:HOMB) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. Home Bancshares had a net margin of 36.19% and a return on equity of 12.64%. The company had revenue of $164.05 million for the quarter, compared to analysts’ expectations of $166.83 million. During the same quarter last year, the company posted $0.44 earnings per share. As a group, equities analysts predict that Home Bancshares Inc will post 1.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.71%. The ex-dividend date was Tuesday, August 13th. Home Bancshares’s dividend payout ratio is currently 29.71%.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Home Bancshares by 0.3% in the second quarter. BlackRock Inc. now owns 20,080,678 shares of the financial services provider’s stock worth $386,754,000 after purchasing an additional 59,522 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Home Bancshares by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,929,353 shares of the financial services provider’s stock worth $64,206,000 after purchasing an additional 230,871 shares during the last quarter. Northern Trust Corp boosted its holdings in Home Bancshares by 46.0% in the second quarter. Northern Trust Corp now owns 3,581,175 shares of the financial services provider’s stock worth $68,973,000 after purchasing an additional 1,128,511 shares during the last quarter. Barr E S & Co. boosted its holdings in Home Bancshares by 22.1% in the second quarter. Barr E S & Co. now owns 2,426,357 shares of the financial services provider’s stock worth $46,732,000 after purchasing an additional 439,844 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Home Bancshares by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,977,844 shares of the financial services provider’s stock worth $38,093,000 after purchasing an additional 8,644 shares during the last quarter. Institutional investors own 65.82% of the company’s stock.

HOMB has been the subject of several analyst reports. BidaskClub raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a research report on Friday. TheStreet raised shares of Home Bancshares from a “c+” rating to a “b-” rating in a research report on Friday, July 26th. Zacks Investment Research raised shares of Home Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Piper Jaffray Companies set a $22.00 price target on shares of Home Bancshares and gave the company a “buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.40.

About Home Bancshares

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

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

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