Inside Trading: Alex Lieblong Unloaded 401,000 Shares of Home Bancshares Inc (NASDAQ:HOMB)

November 28, 2016 - By Peter Kolinski

Inside Trading: Alex Lieblong Unloaded 401,000 Shares of Home Bancshares Inc (NASDAQ:HOMB)

Alex Lieblong Insider Sell

The director of Home Bancshares Inc and firm’s insider Alex Lieblong made a sale of 401,000 shares of the ‘s company based on the avg market share price that is $26.5 a share. The mentioned shares have a market value of exactly $10,617,878 USD. Having been a very sizable stock trade at Home Bancshares Inc, the probability that it remains unnoticed for long was obviously very low. Alex Lieblong right now has ownership of 742,778 shares which are equivalent to roughly 0.55% of the Arkansas-Company’s market cap. A document ready for use online here shows this insider activity, that was made on 28-11-2016 and was filed with the DC-based SEC.

Home Bancshares Inc (NASDAQ:HOMB) Ratings Coverage

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 75.49% above today’s ($25.74) stock price. Home Bancshares Inc. has been the topic of 15 analyst reports since July 20, 2015 according to StockzIntelligence Inc. Sandler O’Neill upgraded the stock to “Buy” rating in Friday, January 8 report. The company was downgraded on Thursday, November 10 by Keefe Bruyette & Woods. The stock of Home Bancshares Inc (NASDAQ:HOMB) has “Outperform” rating given on Friday, August 21 by Wood. The stock of Home Bancshares Inc (NASDAQ:HOMB) earned “Outperform” rating by Hovde Group on Tuesday, January 5. Sandler O’Neill downgraded the shares of HOMB in a report on Tuesday, September 13 to “Hold” rating. Merion Capital Group upgraded Home Bancshares Inc (NASDAQ:HOMB) on Friday, January 22 to “Outperform” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $41 target price in Friday, January 22 report. The rating was initiated by Merion Capital with “Neutral” on Friday, November 13. As per Thursday, August 27, the company rating was maintained by Wood. The stock of Home Bancshares Inc (NASDAQ:HOMB) has “Sector Perform” rating given on Friday, October 16 by RBC Capital Markets.

Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. 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.

Legal And General Grp Inc Pcl holds 0% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB) for 27,489 shares. Jacobs Levy Equity holds 180,506 shares or 0.07% of its portfolio. Amalgamated Commercial Bank, a New York-based fund reported 13,992 shares. Sabal Trust Comm holds 0.14% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB) for 62,656 shares. Fincl Bank Of Mellon has 0.01% invested in the company for 2.06M shares. Matarin Capital Mngmt Limited Company has 355,421 shares for 0% of their US portfolio. Ladenburg Thalmann Fincl Service has invested 0% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB). Vsr Fincl accumulated 18,164 shares or 0.06% of the stock. Summit Gp Ltd Liability Com, a New York-based fund reported 12,359 shares. Sector Pension Inv Board has invested 0.02% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB). State Teachers Retirement Sys has 161,408 shares for 0.01% of their US portfolio. 1St Global Advsrs Inc accumulated 16,716 shares or 0.05% of the stock. Metropolitan Life Insurance Com Ny has 0.01% invested in the company for 87,340 shares. Smith Asset Group Limited Partnership has 0.05% invested in the company for 90,260 shares. Arizona State Retirement Systems, a Arizona-based fund reported 63,372 shares.

Insider Transactions: Since June 14, 2016, the stock had 0 insider buys, and 13 insider sales for $16.41 million net activity. Carter Russell Davis III also sold $169,745 worth of Home Bancshares Inc (NASDAQ:HOMB) on Friday, August 12. Engelkes Jack also sold $52,199 worth of Home Bancshares Inc (NASDAQ:HOMB) shares. Haynes Jim F JR had sold 3,250 shares worth $69,787. LIEBLONG ALEX R sold $536,733 worth of Home Bancshares Inc (NASDAQ:HOMB) on Tuesday, June 14. $344,684 worth of Home Bancshares Inc (NASDAQ:HOMB) shares were sold by Davis Brian. French Tracy sold 96,000 shares worth $2.24M. On Thursday, August 11 Ashley Richard H sold $9.42 million worth of the stock or 440,000 shares.

The stock decreased 3.49% or $0.93 during the last trading session, hitting $25.74. About 800,191 shares traded hands or 17.96% up from the average. Home Bancshares Inc (NASDAQ:HOMB) has risen 23.10% since April 25, 2016 and is uptrending. It has outperformed by 17.09% the S&P500.

Home BancShares, Inc. is a bank holding company. The company has a market cap of $3.61 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 21.81 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.”

Analysts await Home Bancshares Inc (NASDAQ:HOMB) to report earnings on January, 19. They expect $0.33 earnings per share, up 17.86% or $0.05 from last year’s $0.28 per share. HOMB’s profit will be $46.28M for 19.50 P/E if the $0.33 EPS becomes a reality. After $0.31 actual earnings per share reported by Home Bancshares Inc for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

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.

HOMB Company Profile

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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