Home Bancshares Inc (NASDAQ:HOMB) Director Alex R. Lieblong sold 10,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $18.81, for a total transaction of $188,100.00. Following the completion of the transaction, the director now owns 588,813 shares in the company, valued at $11,075,572.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Alex R. Lieblong also recently made the following trade(s):
- On Friday, November 15th, Alex R. Lieblong sold 8,000 shares of Home Bancshares stock. The stock was sold at an average price of $18.47, for a total transaction of $147,760.00.
- On Wednesday, November 13th, Alex R. Lieblong sold 12,000 shares of Home Bancshares stock. The stock was sold at an average price of $18.49, for a total transaction of $221,880.00.
- On Monday, November 4th, Alex R. Lieblong sold 15,000 shares of Home Bancshares stock. The stock was sold at an average price of $19.02, for a total transaction of $285,300.00.
- On Monday, October 28th, Alex R. Lieblong sold 15,500 shares of Home Bancshares stock. The shares were sold at an average price of $18.84, for a total transaction of $292,020.00.
Shares of NASDAQ HOMB traded up $0.28 during mid-day trading on Wednesday, reaching $18.74. The company had a trading volume of 758,568 shares, compared to its average volume of 675,905. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 0.98. Home Bancshares Inc has a one year low of $15.35 and a one year high of $20.37. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 10.71 and a beta of 1.21. The business’s 50-day simple moving average is $18.71 and its 200 day simple moving average is $18.62.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, November 12th. Home Bancshares’s dividend payout ratio is currently 29.71%.
A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC bought a new stake in shares of Home Bancshares during the 3rd quarter worth approximately $1,277,000. Public Employees Retirement System of Ohio increased its stake in Home Bancshares by 255.6% in the third quarter. Public Employees Retirement System of Ohio now owns 42,156 shares of the financial services provider’s stock valued at $792,000 after acquiring an additional 30,301 shares during the last quarter. Sunbelt Securities Inc. bought a new position in Home Bancshares in the third quarter valued at approximately $1,435,000. California State Teachers Retirement System raised its position in Home Bancshares by 1.2% during the third quarter. California State Teachers Retirement System now owns 241,846 shares of the financial services provider’s stock valued at $4,545,000 after purchasing an additional 2,889 shares in the last quarter. Finally, Copeland Capital Management LLC raised its position in Home Bancshares by 7.2% during the third quarter. Copeland Capital Management LLC now owns 1,633,419 shares of the financial services provider’s stock valued at $30,700,000 after purchasing an additional 109,636 shares in the last quarter. 67.09% of the stock is currently owned by hedge funds and other institutional investors.
HOMB has been the topic of a number of analyst reports. BidaskClub upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research downgraded shares of Home Bancshares from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 9th. Stephens set a $22.00 price target on Home Bancshares and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Citigroup cut their price target on Home Bancshares from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $21.50.
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, demand, and money market accounts, as well as certificates of deposit.
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