A Director at Home Bancshares is Exercising Options


Yesterday it was reported that a Director at Home Bancshares (HOMB), Jack Engelkes, exercised options to buy 16,000 HOMB shares at $17.12 a share, for a total transaction value of $273.9K.

This is Engelkes’ first Buy trade following 4 Sell transactions. Following this transaction Jack Engelkes’ holding in the company was increased by 4.38% to a total of $8.48 million.

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Based on Home Bancshares’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $179 million and quarterly net profit of $81.79 million. In comparison, last year the company earned revenue of $166 million and had a net profit of $73.26 million. The company has a one-year high of $22.49 and a one-year low of $9.71. Currently, Home Bancshares has an average volume of 74.32K.

The insider sentiment on Home Bancshares has been negative according to 23 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Home Bancshares, Inc. is a bank holding company, which engages in the provision of financial services. It primarily offers a broad range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals, and municipalities through its wholly owned community bank subsidiary – Centennial Bank. The company was founded by John W. Allison and Robert H. Adcock Jr. in 1998 and is headquartered in Conway, AR.

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