Home BancShares (NASDAQ:HOMB) Director James G. Hinkle sold 25,881 shares of the business’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $23.70, for a total value of $613,379.70. The sale was disclosed in a filing with the SEC, which is accessible through this link.
James G. Hinkle also recently made the following trade(s):
- On Friday, April 27th, James G. Hinkle sold 24,119 shares of Home BancShares stock. The stock was sold at an average price of $23.69, for a total value of $571,379.11.
Shares of Home BancShares traded down $0.35, reaching $23.44, during midday trading on Friday, MarketBeat reports. The company’s stock had a trading volume of 731,962 shares, compared to its average volume of 762,819. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 17.36 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.02 and a quick ratio of 1.02. Home BancShares has a fifty-two week low of $20.82 and a fifty-two week high of $26.30.
Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings data on Thursday, April 19th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $186.70 million for the quarter, compared to the consensus estimate of $164.30 million. Home BancShares had a return on equity of 11.35% and a net margin of 24.23%. The firm’s revenue was up 32.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. analysts anticipate that Home BancShares will post 1.76 EPS for the current year.
Home BancShares declared that its board has authorized a share repurchase program on Thursday, February 22nd that permits the company to buyback 5,000,000 outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Wednesday, May 16th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Tuesday, May 15th. Home BancShares’s dividend payout ratio is 32.59%.
A number of hedge funds have recently bought and sold shares of HOMB. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Home BancShares by 43.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,794 shares of the financial services provider’s stock worth $181,000 after buying an additional 2,354 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Home BancShares during the 3rd quarter worth approximately $201,000. Cambridge Investment Research Advisors Inc. acquired a new position in Home BancShares during the 4th quarter worth approximately $205,000. Zeke Capital Advisors LLC acquired a new position in Home BancShares during the 1st quarter worth approximately $205,000. Finally, Sciencast Management LP acquired a new position in Home BancShares during the 1st quarter worth approximately $209,000. 65.72% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the company. ValuEngine lowered Home BancShares from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. BidaskClub upgraded Home BancShares from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered Home BancShares from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Piper Jaffray upgraded Home BancShares from a “neutral” rating to an “overweight” rating and set a $28.00 price target on the stock in a research report on Thursday, March 1st. Finally, Sandler O’Neill set a $25.00 price target on Home BancShares and gave the company a “hold” rating in a research report on Wednesday, March 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.33.
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, NOW, and money market accounts, as well as certificates of deposit.
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