The Chief Operating Officer of Home Bancshares (NASDAQ: HOMB) is Selling Shares

By Carrie Williams

Today, the Chief Operating Officer of Home Bancshares (NASDAQ: HOMB), TIPTON JOHN STEPHEN, sold shares of HOMB for $356.9K.

This is STEPHEN’s first Sell trade following 3 Buy transactions. Following TIPTON JOHN STEPHEN’s last HOMB Sell transaction on November 10, 2016, the stock climbed by 0.9%.

Based on Home Bancshares’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $133 million and quarterly net profit of $43.62 million. In comparison, last year the company earned revenue of $114 million and had a net profit of $35.74 million. The company has a one year high of $26.07 and a one year low of $16.94. HOMB’s market cap is $3.51B and the company has a P/E ratio of 21.44.

In the last 30 days, insiders have sold $356.9K worth of HOMB shares and purchased $91.84K worth of HOMB shares. The insider sentiment on Home Bancshares has been negative according to 37 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Home Bancshares, Inc. (Arkansas) operates as a community bank holding company providing 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.