Snatch This Bargain Even Cheaper Than Director Lieblong Did

By The Online Investor Staff, Friday, September 30, 3:15 PM ET

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Ten Bargains You Can Buy Cheaper Than The Insiders »

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 26, Home BancShares Inc's Director, Alex R. Lieblong, invested $242,100.00 into 10,000 shares of HOMB, for a cost per share of $24.21. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Friday, bargain hunters could buy shares of Home BancShares Inc (NYSE:HOMB) and achieve a cost basis 6.7% cheaper than Lieblong, with shares changing hands as low as $22.60 per share. Home BancShares Inc shares are currently trading off about 0.3% on the day. The chart below shows the one year performance of HOMB shares, versus its 200 day moving average:

Home BancShares Inc Chart

Looking at the chart above, HOMB's low point in its 52 week range is $19.83 per share, with $26.64 as the 52 week high point — that compares with a last trade of $22.65. By comparison, below is a table showing the prices at which HOMB insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
08/19/2022	Alex R. Lieblong	Director	40,000	$25.04	$1,001,766.00
08/26/2022	Alex R. Lieblong	Director	10,000	$24.21	$242,100.00
08/19/2022	Alex R. Lieblong	Director	40,000	$25.04	$1,001,766.00

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