Home Bancshares Inc’s recent filing unveils that its Director of Investor Relations Townsell Donna unloaded Company’s shares for reported $0.54 million on Mar 21 ’24. In the deal valued at $23.76 per share,22,729 shares were sold. As a result of this transaction, Townsell Donna now holds 215,854 shares worth roughly $5.18 million.
Then, ALLISON JOHN W bought 20,000 shares, generating $454,824 in total proceeds. Upon buying the shares at $22.74, the Chairman & CEO now owns 5,509,982 shares.
Before that, Hickman James Pat sold 60,000 shares. Home Bancshares Inc shares valued at $1,522,800 were divested by the Director at a price of $25.38 per share. As a result of the transaction, Hickman James Pat now holds 238,497 shares, worth roughly $5.72 million.
Citigroup initiated its Home Bancshares Inc [HOMB] rating to a Neutral in a research note published on December 01, 2023; the price target was $23. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Mkt perform”. Raymond James also remained covering HOMB and has decreased its forecast on July 16, 2021 with a “Mkt perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on April 17, 2020. It rated HOMB as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of HOMB
On Monday, Home Bancshares Inc [NYSE:HOMB] saw its stock jump 0.97% to $24.00. Over the last five days, the stock has lost -0.41%. Home Bancshares Inc shares have fallen nearly -5.25% since the year began. Nevertheless, the stocks have risen 15.61% over the past one year. While a 52-week high of $25.80 was reached on 01/02/24, a 52-week low of $19.61 was recorded on 02/01/24. SMA at 50 days reached $23.64, while 200 days put it at $22.96. A total of 0.64 million shares were traded, compared to the trading of 0.8 million shares in the previous session.
Levels Of Support And Resistance For HOMB Stock
The 24-hour chart illustrates a support level at 23.83, which if violated will result in even more drops to 23.67. On the upside, there is a resistance level at 24.13. A further resistance level may holdings at 24.26. The Relative Strength Index (RSI) on the 14-day chart is 53.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.29%. Stochastics %K at 51.43% indicates the stock is a holding.
How much short interest is there in Home Bancshares Inc?
A steep rise in short interest was recorded in Home Bancshares Inc stocks on Mar 15, 2024, growing by 0.16 million shares to a total of 4.24 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.08 million shares. There was a rise of 3.77%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.98% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.41.
