Home Bancshares Inc’s recently made public 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 $4.93 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 $5.45 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 fall -0.39% to $22.84. Over the last five days, the stock has lost -4.83%. Home Bancshares Inc shares have fallen nearly -9.83% since the year began. Nevertheless, the stocks have risen 7.69% 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 $23.55, while 200 days put it at $22.98. A total of 0.92 million shares were traded, compared to the trading of 0.96 million shares in the previous session.
Levels Of Support And Resistance For HOMB Stock
The 24-hour chart illustrates a support level at 22.56, which if violated will result in even more drops to 22.29. On the upside, there is a resistance level at 23.18. A further resistance level may holdings at 23.53. The Relative Strength Index (RSI) on the 14-day chart is 40.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.71%. Stochastics %K at 12.93% indicates the stock is a buying.
