Todays Report: Today, 401,000 Shares of Home BancShares Inc. (HOMB) Stock are sold by Alex R. Lieblong

Today, 401,000 Shares of Home BancShares Inc. (HOMB) Stock are sold by Alex R. Lieblong

Home BancShares Inc. (NASDAQ:HOMB) Director Alex R. Lieblong sold 401,000 shares of the company’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $26.48, for a total value of $10,618,480.00. Following the completion of the sale, the director now directly owns 806,429 shares of the company’s stock, valued at $21,354,239.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Home BancShares Inc. (NASDAQ:HOMB) traded down 3.49% during trading on Monday, reaching $25.74. The company’s stock had a trading volume of 819,088 shares. The stock has a market cap of $3.61 billion, a PE ratio of 21.83 and a beta of 0.96. Home BancShares Inc. has a 12 month low of $16.93 and a 12 month high of $44.76. The company’s 50-day moving average is $22.55 and its 200-day moving average is $21.61.

Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Home BancShares had a net margin of 32.41% and a return on equity of 13.46%. During the same period in the previous year, the company posted $0.53 earnings per share. Equities analysts expect that Home BancShares Inc. will post $1.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Wednesday, November 16th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.39%. The ex-dividend date is Monday, November 14th. Home BancShares’s dividend payout ratio (DPR) is currently 30.38%.

A number of analysts have recently commented on HOMB shares. Zacks Investment Research cut Home BancShares from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Keefe, Bruyette & Woods cut Home BancShares from an “outperform” rating to a “market perform” rating and set a $23.00 target price for the company. in a research note on Thursday, November 10th. Merion Capital Group cut Home BancShares from an “outperform” rating to a “neutral” rating in a research note on Friday, November 11th. Finally, Sandler O’Neill cut Home BancShares from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a research note on Tuesday, September 13th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $22.91.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Home BancShares by 105.4% in the second quarter. Vanguard Group Inc. now owns 9,523,709 shares of the financial services provider’s stock valued at $188,474,000 after buying an additional 4,886,005 shares during the period. BlackRock Fund Advisors raised its position in shares of Home BancShares by 109.4% in the second quarter. BlackRock Fund Advisors now owns 7,697,821 shares of the financial services provider’s stock valued at $152,340,000 after buying an additional 4,021,929 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Home BancShares by 20.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,393,212 shares of the financial services provider’s stock valued at $237,093,000 after buying an additional 1,930,397 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Home BancShares by 126.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,371,833 shares of the financial services provider’s stock valued at $66,729,000 after buying an additional 1,883,634 shares in the last quarter. Finally, State Street Corp raised its position in shares of Home BancShares by 129.6% in the second quarter. State Street Corp now owns 3,122,815 shares of the financial services provider’s stock valued at $61,800,000 after buying an additional 1,762,975 shares in the last quarter. Hedge funds and other institutional investors own 61.11% of the company’s stock.

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