An Analysis of Home Bancshares Inc. (Conway AR) (HOMB)’s Potential Price Growth


In a filing, Home Bancshares Inc. (Conway AR) revealed its Director Ashley Richard H unloaded Company’s shares for reported $2.9 million on Nov 02. In the deal valued at $25.10 per share,115,348 shares were sold. As a result of this transaction, Ashley Richard H now holds 35,712 shares worth roughly $ 0.9 million.

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Then, Davis Brian sold 6,784 shares, generating $172,137 in total proceeds. Upon selling the shares at $25.37, the Chief Financial Officer now owns 71,659 shares.

Before that, Rankin Jim sold 11,032 shares. Home Bancshares Inc. (Conway AR) shares valued at $265,540 were divested by the Director at a price of $24.07 per share. As a result of the transaction, Rankin Jim now holds 209,817 shares, worth roughly $5.27 million.

Raymond James downgraded its Home Bancshares Inc. (Conway AR) [HOMB] rating to a Mkt perform from a an Outperform in a research note published on Monday. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid April from “a Mkt perform” to “an Outperform”. Citigroup also remained covering HOMB and has decreased its forecast on January 09, 2020 with a “Neutral” recommendation from previously “Buy” rating. Barclays started covering the stock on February 11, 2019. It rated HOMB as “an Equal weight”.

Price Performance Review of HOMB

On Monday, Home Bancshares Inc. (Conway AR) [NYSE:HOMB] saw its stock fall -0.08% to $25.12. On the same session, the stock had its day’s lowest price of $24.94, but rose to a high of $25.41. Over the last five days, the stock has lost -1.45%. Home Bancshares Inc. (Conway AR) shares have risen nearly 3.16% since the year began. Nevertheless, the stocks have fallen -4.56% over the past one year. While a 52-week high of $26.64 was reached on 01/10/22, a 52-week low of $19.83 was recorded on 05/12/22. SMA at 50 days reached $23.87, while 200 days put it at $22.87. A total of 0.7 million shares were traded, compared to the trading of 1.4 million shares in the previous session.

Levels Of Support And Resistance For HOMB Stock

The 24-hour chart illustrates a support level at 24.90, which if violated will result in even more drops to 24.69. On the upside, there is a resistance level at 25.37. A further resistance level may holdings at 25.63. The Relative Strength Index (RSI) on the 14-day chart is 57.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.54%. Stochastics %K at 69.64% indicates the stock is a holding.

How much short interest is there in Home Bancshares Inc. (Conway AR)?

A steep rise in short interest was recorded in Home Bancshares Inc. (Conway AR) stocks on Jul 14, 2022, growing by 3.76 million shares to a total of 9.12 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 5.36 million shares. There was a rise of 41.23%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.26% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.04.

Home Bancshares Inc. (Conway AR) [HOMB] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 20,349,874 shares, or roughly 9.92% of the outstanding HOMB shares. In other words, the investor’s shares have risen by 4,854,582 from its previous 13-F filing of 15495292.0. Additionally, BlackRock Fund Advisors increased 24.59% of its stake after which the total value it holdings stand at $450,391,425, while T. Rowe Price Associates, Inc. reduced -9.99% of its stake to hold $240.4 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 1,100,758 shares of Home Bancshares Inc. (Conway AR), while American Century Investment Manag bought 121,200 shares. At present, Dimensional Fund Advisors LP is holding 3,712,784 shares valued at $83.57 million. Geode Capital Management LLC owned 3,437,106 shares of the company at the time of its most recent 13F filing, worth $77.37 million.

According to FactSet, Home Bancshares Inc. (Conway AR)’s share price will average $27.83 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.38 percent from its previous closing price of $25.14. Analysts expect Home Bancshares Inc. (Conway AR) stock to reach the higher price of $29.00, while the lowest price estimate is $26.00. The most recent change occurred on June 18, 2018 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $28 price target.


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