Home Bancshares Inc (NYSE: HOMB) is 21.48% higher on its value in year-to-date trading and has touched a low of $20.45 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 $27.37 in the last trading session, with the day’s gains setting it 3.4%.
Currently trading at $30.77, the stock is 12.81% and 13.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.78 million and changing 12.42% at the moment leaves the stock 22.69% off its SMA200. HOMB registered 44.19% gain for a year compared to 6-month gain of 24.98%. The firm has a 50-day simple moving average (SMA 50) of $27.0148 and a 200-day simple moving average (SMA200) of $25.04895.
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The stock witnessed a 18.35% loss in the last 1 month and extending the period to 3 months gives it a 17.98%, and is 11.24% 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 3.21% over the week and 2.46% over the month.
Home Bancshares Inc (HOMB) has around 2819 employees, a market worth around $6.12B and $1.44B in sales. Current P/E ratio is 15.92 and Fwd P/E is 14.52. Profit margin for the company is 26.87%. Distance from 52-week low is 50.46% and 6.14% from its 52-week high. The company has generated returns on investments over the last 12 months (6.75%).
Home Bancshares Inc quarterly earnings per share for the current quarter are estimated at 0.53 with sales reaching $256.75M over the same period.The EPS is expected to grow by 4.37% this year, but quarterly earnings will post 2.00% year-over-year. Quarterly sales are estimated to grow 4.50% in year-over-year returns.
395.0 institutions hold shares in Home Bancshares Inc (HOMB), with institutional investors hold 75.17% of the company’s shares. The shares outstanding are 201.53M, and float is at 184.02M with Short Float at 2.25%. Institutions hold 69.60% 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
Home Bancshares Inc disclosed in a document filed with the SEC on Jul 19 ’24 that Davis Brian (Chief Financial Officer) sold a total of 15,391 shares of the company’s common stock. The trade occurred on Jul 19 ’24 and was made at $26.89 per share for $0.41 million. Following the transaction, the insider now directly holds 89192.0 shares of the HOMB stock.
Still, SEC filings show that on Jul 19 ’24, Hester Kevin (President and CLO) disposed off 25,263 shares at an average price of $27.00 for $0.68 million. The insider now directly holds 114,912 shares of Home Bancshares Inc (HOMB).
