November 23, 2016 - By Nellie Frank
Dale Bruns; that is an insider in Home Bancshares Inc who is the most recent to sell shares in the company for which he is currently the director. He in the last few days unloaded 20,000 shares of the company, that are worth around $525,950 USD, that is a price-per-share of close to $26.3. Dale Bruns now indirectly has rights to 0 shares. He also directly has rights to 4000 shares. In total he holds a stake of 0.00%. This stock sale by Mr. Dale – was recorded on 22/11/2016 and unveiled in a SEC’s Form 4 available here.
Out of 7 analysts covering Home Bancshares Inc. (NASDAQ:HOMB), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $50.0 is the highest target while $41 is the lowest. The $45.17 average target is 68.48% above today’s ($26.81) stock price. Home Bancshares Inc. has been the topic of 15 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Sandler O’Neill given on Friday, January 8. The rating was downgraded by Keefe Bruyette & Woods on Thursday, November 10 to “Mkt Perform”. The stock has “Outperform” rating given by Hovde Group on Tuesday, January 5. The firm has “Outperform” rating by Wood given on Friday, August 21. The firm has “Neutral” rating given on Friday, November 11 by Merion Capital. The rating was maintained by RBC Capital Markets on Friday, October 16 with “Sector Perform”. The rating was maintained by Wood with “Buy” on Thursday, August 27. The rating was downgraded by Sandler O’Neill on Tuesday, September 13 to “Hold”. Merion Capital initiated the stock with “Neutral” rating in Friday, November 13 report. On Friday, January 22 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.
Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.06, from 0.98 in 2016Q1. The ratio is positive, as 12 funds sold all Home Bancshares Inc shares owned while 74 reduced positions. 18 funds bought stakes while 66 increased positions. They now own 159.62 million shares or 295.01% more from 40.41 million shares in 2016Q1.
Qs Invsts Ltd has 261,388 shares for 0.04% of their US portfolio. Stifel Corporation has 0% invested in the company for 13,219 shares. Ny State Common Retirement Fund accumulated 395,056 shares or 0.01% of the stock. Principal Financial Gru accumulated 876,552 shares or 0.02% of the stock. Fortaleza Asset Mgmt holds 4,692 shares or 0.08% of its portfolio. State Of Tennessee Treasury Department, a Tennessee-based fund reported 97,292 shares. Shelton Mgmt holds 0.02% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB) for 10,232 shares. Sg Americas Secs Ltd Limited Liability Company accumulated 0% or 22,992 shares. Farmers And Merchants Invests last reported 350 shares in the company. Moreover, State Bank Of Montreal Can has 0% invested in Home Bancshares Inc (NASDAQ:HOMB) for 6,732 shares. Teachers Advsr Inc, a New York-based fund reported 193,500 shares. Blackrock Gru has invested 0% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB). Amalgamated Bankshares accumulated 0.02% or 13,992 shares. Manufacturers Life The has 0% invested in the company for 81,394 shares. The Nebraska-based First Retail Bank Of Omaha has invested 0.02% in Home Bancshares Inc (NASDAQ:HOMB).
Insider Transactions: Since June 14, 2016, the stock had 0 insider buys, and 10 sales for $15.72 million net activity. The insider Ashley Richard H sold 440,000 shares worth $9.42 million. $575,295 worth of Home Bancshares Inc (NASDAQ:HOMB) shares were sold by LIEBLONG ALEX R. TIPTON JOHN STEPHEN sold 14,000 shares worth $356,906. Another trade for 3,250 shares valued at $69,787 was sold by Haynes Jim F JR. The insider French Tracy sold 96,000 shares worth $2.24M. 58,000 shares with value of $1.48 million were sold by Sims Randall on Monday, November 14. Davis Brian had sold 14,888 shares worth $344,684 on Tuesday, September 6.
The stock increased 1.44% or $0.38 during the last trading session, hitting $26.81. About 612,487 shares traded hands. Home Bancshares Inc (NASDAQ:HOMB) has risen 22.62% since April 20, 2016 and is uptrending. It has outperformed by 18.06% the S&P500.
Home BancShares, Inc. is a bank holding company. The company has a market cap of $3.81 billion. The Firm is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank . It has a 22.72 P/E ratio. The Firm offers a range of services and products, including 24-hour Internet banking, mobile banking and voice response information, cash management, overdraft protection, direct deposit, safe deposit boxes, United States savings bonds and automatic account transfers.
According to Zacks Investment Research, “HOME BANCSHARES, INC. is a bank holding company, headquartered in Conway, Arkansas, with six wholly owned bank subsidiaries that provide a broad range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities. Three of the bank subsidiaries are located in the central Arkansas market area, a fourth serves central and southern Arkansas, a fifth serves Stone County in north central Arkansas, and a sixth serves the Florida Keys and southwestern Florida.”
More important recent Home Bancshares Inc (NASDAQ:HOMB) news were published by: Globenewswire.com which released: “Home BancShares, Inc. and Centennial Bank Announce Successful Bid to Purchase ..” on November 17, 2016, also Finance.Yahoo.com published article titled: “Home BancShares, Inc. Announces a 20% Increase in Fourth Quarter Cash Dividend”, Globenewswire.com published: “Home BancShares, Inc. and Giant Holdings, Inc. Announce Signing of Definitive ..” on November 07, 2016. More interesting news about Home Bancshares Inc (NASDAQ:HOMB) was released by: Streetinsider.com and their article: “Form 8-K HOME BANCSHARES INC For: Nov 07” with publication date: November 08, 2016.
Home BancShares, Inc., incorporated on September 1, 1989, is a bank holding company. The Firm is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank). The Firm offers a range of services and products, including 24-hour Internet banking, mobile banking and voice response information, cash management, overdraft protection, direct deposit, safe deposit boxes, United States savings bonds and automatic account transfers. Cook Insurance Agency, Inc. is an independent insurance agency. Centennial Insurance Agency writes policies for commercial and personal lines of business, including insurance for property, casualty, life, health and employee benefits. The Centennial Bank trust department offers an array of trust services. These trust services is focused on personal trusts, corporate trusts and employee benefit trusts.
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By Nellie Frank