The Centennial Bank CEO of Home Bancshares (NASDAQ: HOMB) is Buying Shares

By Carrie Williams

Today, the Centennial Bank CEO of Home Bancshares (NASDAQ: HOMB), Tracy French, bought shares of HOMB for $54.71K.

In addition to Tracy French, 4 other HOMB executives reported Buy trades in the last month. This recent transaction increases Tracy French’s holding in the company by 1.93% to a total of $3.69 million.

Based on Home Bancshares’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $137 million and quarterly net profit of $46.86 million. In comparison, last year the company earned revenue of $125 million and had a net profit of $41.43 million. The company has a one year high of $29.69 and a one year low of $18.32. HOMB’s market cap is $3.45B and the company has a P/E ratio of 18.52.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $30.33, reflecting a -18.9% downside. Six different firms, including FIG Partners and KBW, currently also have a Buy rating on the stock.

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Home Bancshares, Inc. operates as a community bank holding company, which provides a range of banking and financial services among individual, corporate, real estate developers, investors, and municipalities customers. It offers commercial and retail including loan, investments, trust and accounts. The company was founded by John W. Allison and Robert H. Adcock Jr. in 1998 and is headquartered in Conway, AR.