Home Bancshares Inc (NYSE: HOMB) is 6.24% higher on its value in year-to-date trading and has touched a low of $19.61 and a high of $28.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HOMB stock was last observed hovering at around $26.95 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $26.91, the stock is 0.45% and 0.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing -0.15% at the moment leaves the stock 8.40% off its SMA200. HOMB registered 26.46% gain for a year compared to 6-month gain of 17.82%. The firm has a 50-day simple moving average (SMA 50) of $26.7532 and a 200-day simple moving average (SMA200) of $24.8244.
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The stock witnessed a -0.07% loss in the last 1 month and extending the period to 3 months gives it a 0.98%, and is 2.44% 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 1.74% over the week and 2.02% over the month.
Home Bancshares Inc (HOMB) has around 2819 employees, a market worth around $5.37B and $1.40B in sales. Current P/E ratio is 14.04 and Fwd P/E is 12.68. Profit margin for the company is 27.54%. Distance from 52-week low is 37.19% and -7.17% from its 52-week high. The company has generated returns on investments over the last 12 months (6.86%).
with sales reaching $258.9M over the same period.The EPS is expected to grow by 4.80% this year, but quarterly earnings will post 2.30% year-over-year. Quarterly sales are estimated to grow 5.50% in year-over-year returns.
Home Bancshares Inc (HOMB) Top Institutional Holders
388.0 institutions hold shares in Home Bancshares Inc (HOMB), with institutional investors hold 74.99% of the company’s shares. The shares outstanding are 201.53M, and float is at 184.83M with Short Float at 2.11%. Institutions hold 69.46% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 23.47 million shares valued at $562.3 million. The investor’s holdings represent 11.6636% of the HOMB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 20.12 million shares valued at $482.08 million to account for 9.9996 of the shares outstanding. The other top investors are STATE STREET CORP which holds 8.7 million shares representing 4.3234% and valued at over $208.43 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 4.1169 of the shares totaling 8.28 million with a market value of $198.48 million.
Home Bancshares Inc (HOMB) Insider Activity
The most recent transaction is an insider sale by Davis Brian, the company’s Chief Financial Officer. SEC filings show that Davis Brian sold 15,391 shares of the company’s common stock on Jul 19 ’24 at a price of $26.89 per share for a total of $0.41 million. Following the sale, the insider now owns 89192.0 shares.
Home Bancshares Inc disclosed in a document filed with the SEC on Jul 19 ’24 that Hester Kevin (President and CLO) sold a total of 25,263 shares of the company’s common stock. The trade occurred on Jul 19 ’24 and was made at $27.00 per share for $0.68 million. Following the transaction, the insider now directly holds 0.11 million shares of the HOMB stock.
Still, SEC filings show that on May 16 ’24, French Tracy (Centennial Bank Chairman) disposed off 79,306 shares at an average price of $24.70 for $1.96 million. The insider now directly holds 200,949 shares of Home Bancshares Inc (HOMB).
