Home BancShares Pick of the Week at Smart Insider Following CEO Allison Stock Purchase

MT Newswires Live

04/29

Home BancShares (HOMB) was Smart Insider's stock pick of the week after President and Chief Executive John Allison acquired $2.7 million worth of company shares at $26.96 apiece, raising his stake by 2%.

This is "much the largest" of his 18 stock buys, as well as a reversal of a similar sized sale in August at $30 per share, Smart Insider said in a Wednesday note.

The latest purchase is an "encouraging" buy from a key insider, Smart Insider said.

Smart Insider ranked the stock +1, or strong positive signal, on April 21.

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