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New Big Money Means Home Bancshares Inc (HOMB) Investors Could Reap Benefit

Home Bancshares Inc (NYSE: HOMB) is -11.45% 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 $22.40 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $22.43, the stock is -4.93% and -4.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 0.13% at the moment leaves the stock -2.37% off its SMA200. HOMB registered 5.06% gain for a year compared to 6-month gain of 5.11%.

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The stock witnessed a -2.44% loss in the last 1 month and extending the period to 3 months gives it a -2.86%, and is -2.31% down 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 1.97% over the week and 2.04% over the month.

Home Bancshares Inc (HOMB) has around 2819 employees, a market worth around $4.51B and $1.34B in sales. Current P/E ratio is 11.58 and Fwd P/E is 11.37. Profit margin for the company is 29.22%. Distance from 52-week low is 14.35% and -13.06% from its 52-week high. The company has generated returns on investments over the last 12 months (8.07%).

The EPS is expected to shrink by -3.26% this year

The shares outstanding are 201.53M, and float is at 186.49M with Short Float at 2.36%.

Home Bancshares Inc (HOMB) Insider Activity

The most recent transaction is an insider sale by Townsell Donna, the company’s Director of Investor Relations. SEC filings show that Townsell Donna sold 22,729 shares of the company’s common stock on Mar 21 ’24 at a price of $23.76 per share for a total of $0.54 million. Following the sale, the insider now owns 0.22 million shares.

Home Bancshares Inc disclosed in a document filed with the SEC on Feb 05 ’24 that ALLISON JOHN W (Chairman & CEO) bought a total of 20,000 shares of the company’s common stock. The trade occurred on Feb 05 ’24 and was made at $22.74 per share for $0.45 million. Following the transaction, the insider now directly holds 5.51 million shares of the HOMB stock.

Still, SEC filings show that on Dec 22 ’23, Hickman James Pat (Director) disposed off 60,000 shares at an average price of $25.38 for $1.52 million. The insider now directly holds 238,497 shares of Home Bancshares Inc (HOMB).

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