HOMB (Home Bancshares Inc. (Conway AR)) may reap gains as insiders became active recently


Home Bancshares Inc. (Conway AR)’s filing revealed that its Centennial Bank CEO/President French Tracy unloaded Company’s shares for reported $1.24 million on Dec 05. In the deal valued at $24.21 per share,51,367 shares were sold. As a result of this transaction, French Tracy now holds 165,949 shares worth roughly $ 3.99 million.

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Then, Hickman James Pat sold 7,800 shares, generating $198,900 in total proceeds. Upon selling the shares at $25.50, the Director now owns 116,100 shares.

Before that, Hickman James Pat sold 10,900 shares. Home Bancshares Inc. (Conway AR) shares valued at $277,950 were divested by the Director at a price of $25.50 per share. As a result of the transaction, Hickman James Pat now holds 123,900 shares, worth roughly $2.98 million.

Keefe Bruyette downgraded its Home Bancshares Inc. (Conway AR) [HOMB] rating to a Mkt perform from a an Outperform in a research note published on Friday. PT values the company’s stock at a premium of 14.14 to its Friday closing price. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Mkt perform”. Raymond James also remained covering HOMB and has increased its forecast on April 17, 2020 with a “an Outperform” recommendation from previously “Mkt perform” rating. Citigroup revised its rating on January 09, 2020. It rated HOMB as “a Neutral” which previously was an “a Buy”.

Price Performance Review of HOMB

On Friday, Home Bancshares Inc. (Conway AR) [NYSE:HOMB] saw its stock jump 0.33% to $24.04. On the same session, the stock had its day’s lowest price of $23.56, but rose to a high of $24.05. Over the last five days, the stock has lost -0.70%. Home Bancshares Inc. (Conway AR) shares have risen nearly 5.48% since the year began. Nevertheless, the stocks have risen 4.93% over the past one year. While a 52-week high of $26.20 was reached on 02/03/23, a 52-week low of $19.83 was recorded on 01/05/23. SMA at 50 days reached $23.29, while 200 days put it at $23.24. A total of 0.6 million shares were traded, compared to the trading of 0.56 million shares in the previous session.

Levels Of Support And Resistance For HOMB Stock

The 24-hour chart illustrates a support level at 23.72, which if violated will result in even more drops to 23.39. On the upside, there is a resistance level at 24.21. A further resistance level may holdings at 24.37. The Relative Strength Index (RSI) on the 14-day chart is 51.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.01%. Stochastics %K at 20.90% 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 Jan 30, 2023, growing by 0.22 million shares to a total of 6.31 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 6.09 million shares. There was a rise of 3.49%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.68% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.88.

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 20,929,980 shares, or roughly 10.26% of the outstanding HOMB shares. In other words, the investor’s shares have risen by 364,368 from its previous 13-F filing of 20565612.0. Additionally, BlackRock Fund Advisors increased 4.42% of its stake after which the total value it holdings stand at $498,697,506, while T. Rowe Price Investment Manageme reduced -1.26% of its stake to hold $230.49 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -547,072 shares of Home Bancshares Inc. (Conway AR), while American Century Investment Manag sold 241,224 shares. At present, Dimensional Fund Advisors LP is holding 4,062,105 shares valued at $96.96 million. Geode Capital Management LLC owned 3,475,714 shares of the company at the time of its most recent 13F filing, worth $82.97 million.

According to FactSet, Home Bancshares Inc. (Conway AR)’s share price will average $27.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 12.69 percent from its previous closing price of $23.96. Analysts expect Home Bancshares Inc. (Conway AR) stock to reach the higher price of $28.00, while the lowest price estimate is $26.50. However, 7 analysts have rated HOMB stock as an Overweight in their predictions for 2023. The most recent change occurred on February 11, 2019 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $21 price target.


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