Home Bancshares Inc (HOMB) Review – Making Smarter Decisions

Home Bancshares Inc (NYSE: HOMB) is -7.66% lower on its value in year-to-date trading and has touched a low of $19.61 and a high of $25.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HOMB stock was last observed hovering at around $23.22 in the last trading session, with the day’s gains setting it 0.17%.

Currently trading at $23.39, the stock is -2.28% and -3.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 0.73% at the moment leaves the stock 3.52% off its SMA200. HOMB registered -6.21% loss for a year compared to 6-month gain of -2.30%.

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The stock witnessed a -3.51% loss in the last 1 month and extending the period to 3 months gives it a 10.17%, and is 0.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.22% over the week and 2.50% over the month.

Home Bancshares Inc (HOMB) has around 2774 employees, a market worth around $4.71B and $1.34B in sales. Current P/E ratio is 12.07 and Fwd P/E is 11.83. Profit margin for the company is 29.22%. Distance from 52-week low is 19.25% and -9.34% from its 52-week high. The company has generated returns on investments over the last 12 months (7.10%).

Home Bancshares Inc quarterly earnings per share for the current quarter are estimated at $0.46 with sales reaching $240.4M over the same period.The EPS is expected to shrink by -3.71% this year, but quarterly earnings will post -1.20% year-over-year. Quarterly sales are estimated to shrink -3.40% in year-over-year returns.

361 institutions hold shares in Home Bancshares Inc (HOMB), with institutional investors hold 72.05% of the company’s shares. The shares outstanding are 201.53M, and float is at 186.91M with Short Float at 2.17%. Institutions hold 66.87% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 22.87 million shares valued at $521.36 million. The investor’s holdings represent 11.29% of the HOMB Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 21.31 million shares valued at $485.85 million to account for 10.52% of the shares outstanding. The other top investors are State Street Corporation which holds 8.74 million shares representing 4.31% and valued at over $199.24 million, while T. Rowe Price Investment Management, Inc. holds 4.26% of the shares totaling 8.63 million with a market value of $196.83 million.

Home Bancshares Inc (HOMB) Insider Activity

A total of 4 insider transactions have happened at Home Bancshares Inc (HOMB) in the last six months, with sales accounting for 2 and purchases happening 2 times. The most recent transaction is an insider purchase by ALLISON JOHN W, the company’s Chairman & CEO. SEC filings show that ALLISON JOHN W bought 20,000 shares of the company’s common stock on Feb 05 at a price of $22.74 per share for a total of $0.45 million. Following the purchase, the insider now owns 5.51 million shares.

Home Bancshares Inc disclosed in a document filed with the SEC on Dec 22 that Hickman James Pat (Director) sold a total of 60,000 shares of the company’s common stock. The trade occurred on Dec 22 and was made at $25.38 per share for $1.52 million. Following the transaction, the insider now directly holds 0.24 million shares of the HOMB stock.

Still, SEC filings show that on Dec 22, Hickman James Pat (Director) disposed off 40,000 shares at an average price of $25.41 for $1.02 million. The insider now directly holds 60,930 shares of Home Bancshares Inc (HOMB).

Home Bancshares Inc (HOMB): Who are the competitors?

One of the company’s main competitors (and peers) include Cadence Bank (CADE) that is trading -4.69% down over the past 12 months.BOK Financial Corp. (BOKF) lies in the list of competitors of the Home Bancshares Inc and is -20.95% lower over the same period from HOMBProsperity Bancshares Inc. (PB) is -18.76% down on the 1-year trading charts.