November 30, 2016 - By Darrin Black
5,000 shares of Home Bancshares Inc were sold by Kevin Hester, the firm’s Chief Lending Officer. The unloaded shares are valued at exactly $131,250 which has been calculated on the basis of the average transactions stock price ($26.3 per share). Kevin Hester right now has ownership of 32,227 shares or 0.02% of Home Bancshares Inc’s market cap. The trade was made on November 30, 2016 and this act was unveiled in a 4F filing which was filed with the SEC. This 4F filing is readily 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 72.67% above today’s ($26.16) stock price. Home Bancshares Inc. has been the topic of 15 analyst reports since July 20, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of HOMB in a report on Friday, October 16 with “Sector Perform” rating. The stock has “Buy” rating given by Wood on Thursday, August 27. The firm has “Buy” rating by Sandler O’Neill given on Friday, January 8. The stock has “Outperform” rating given by Merion Capital Group on Friday, January 22. RBC Capital Markets maintained it with “Sector Perform” rating and $41 target price in Friday, January 22 report. Merion Capital downgraded the stock to “Neutral” rating in Friday, November 11 report. The stock of Home Bancshares Inc (NASDAQ:HOMB) has “Hold” rating given on Tuesday, September 13 by Sandler O’Neill. Wood maintained it with “Outperform” rating and $44 target price in Friday, August 21 report. The stock of Home Bancshares Inc (NASDAQ:HOMB) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Thursday, November 10. On Friday, November 13 the stock rating was initiated by Merion Capital with “Neutral”.
Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.06, from 0.98 in 2016Q1. The ratio increased, 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.
Blackrock Invest Mngmt Lc accumulated 0.01% or 504,548 shares. Loomis Sayles Communication Limited Partnership holds 0.09% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB) for 1.68M shares. Goldman Sachs Gru Inc accumulated 2.37 million shares or 0.02% of the stock. Moreover, Dana Inv Advsr has 0.15% invested in Home Bancshares Inc (NASDAQ:HOMB) for 171,351 shares. Fifth Third Comml Bank accumulated 0.01% or 36,646 shares. State Of Tennessee Treasury Department holds 97,292 shares or 0.01% of its portfolio. Legal And General Group Public Limited Company has 27,489 shares for 0% of their US portfolio. Ngam Advsr Lp holds 0.05% or 170,995 shares in its portfolio. Ameriprise reported 591,295 shares or 0.01% of all its holdings. Johnson Investment Counsel Inc has 22,586 shares for 0.01% of their US portfolio. Creative Planning has invested 0% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB). Moreover, King Luther Management Corporation has 0.26% invested in Home Bancshares Inc (NASDAQ:HOMB) for 1.35 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 3,962 shares or 0% of their US portfolio. Menta Capital Ltd Company holds 0.06% or 22,800 shares in its portfolio. Price T Rowe Associates Inc Md last reported 9.46 million shares in the company.
Insider Transactions: Since June 14, 2016, the stock had 0 buys, and 14 sales for $27.03 million net activity. $356,906 worth of shares were sold by TIPTON JOHN STEPHEN on Monday, November 14. LIEBLONG ALEX R sold $536,733 worth of stock. Haynes Jim F JR sold $69,787 worth of stock. Another trade for 440,000 shares valued at $9.42M was made by Ashley Richard H on Thursday, August 11. Davis Brian sold $344,684 worth of stock or 14,888 shares. $2.24 million worth of Home Bancshares Inc (NASDAQ:HOMB) shares were sold by French Tracy. The insider Engelkes Jack sold 2,000 shares worth $52,199.
About 105,574 shares traded hands. Home Bancshares Inc (NASDAQ:HOMB) has risen 18.83% since April 27, 2016 and is uptrending. It has outperformed by 13.60% the S&P500.
Home BancShares, Inc. is a bank holding company. The company has a market cap of $3.73 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 22.17 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 $47.05 million for 19.82 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 recent Home Bancshares Inc (NASDAQ:HOMB) news were published by: Finance.Yahoo.com which released: “Home BancShares, Inc. Announces a 20% Increase in Fourth Quarter Cash Dividend” on October 26, 2016. Also Globenewswire.com published the news titled: “Home BancShares, Inc. and Giant Holdings, Inc. Announce Signing of Definitive ..” on November 07, 2016. Streetinsider.com‘s news article titled: “Form 8-K HOME BANCSHARES INC For: Nov 07” with publication date: November 08, 2016 was also an interesting one.
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 Darrin Black