Home Bancshares Director Purchases $115,080 in Stock (HOMB)

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Home Bancshares (NASDAQ:HOMB) Director Dale Bruns bought 4,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was purchased at an average cost of $28.77 per share, with a total value of $115,080.00. Following the transaction, the director now directly owns 1,333 shares in the company, valued at approximately $38,350. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Home Bancshares (NASDAQ:HOMB) traded up 4.74% during mid-day trading on Friday, hitting $30.06. The stock had a trading volume of 223,726 shares. Home Bancshares has a 1-year low of $20.32 and a 1-year high of $38.98. The stock has a 50-day moving average of $32.59 and a 200-day moving average of $34.06. The company has a market cap of $1.958 billion and a P/E ratio of 22.72.

Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, April 17th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.01. During the same quarter last year, the company posted $0.64 earnings per share. On average, analysts predict that Home Bancshares will post $1.80 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Monday, May 12th.

HOMB has been the subject of a number of recent research reports. Analysts at Raymond James reiterated a “hold” rating on shares of Home Bancshares in a research note on Friday. They now have a $38.00 price target on the stock, up previously from $28.70. Separately, analysts at Wunderlich upgraded shares of Home Bancshares from a “market perform” rating to an “outperform” rating in a research note on Friday. They now have a $35.00 price target on the stock. Finally, analysts at Drexel Hamilton upgraded shares of Home Bancshares from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $35.00 price target on the stock. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $33.95.

Home BancShares, Inc (NASDAQ:HOMB), incorporated on September 01, 1989, is a bank holding company.

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