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Home Bancshares Inc (HOMB) rating initates by Citigroup

In a filing, Home Bancshares Inc revealed its Chief Accounting Officer FLOYD JENNIFER C. unloaded Company’s shares for reported $57228.0 on Apr 26 ’24. In the deal valued at $24.53 per share,2,333 shares were sold. As a result of this transaction, FLOYD JENNIFER C. now holds 1,000 shares worth roughly $24100.0.

Then, Davis Brian sold 20,544 shares, generating $503,739 in total proceeds. Upon selling the shares at $24.52, the Chief Financial Officer now owns 89,192 shares.

Before that, Townsell Donna sold 22,729 shares. Home Bancshares Inc shares valued at $540,041 were divested by the Director of Investor Relations at a price of $23.76 per share. As a result of the transaction, Townsell Donna now holds 215,854 shares, worth roughly $5.2 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 -1.31% to $24.10. Over the last five days, the stock has lost -0.82%. Home Bancshares Inc shares have fallen nearly -4.86% since the year began. Nevertheless, the stocks have risen 11.21% 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 04/16/24. SMA at 50 days reached $23.65, while 200 days put it at $23.02. A total of 0.66 million shares were traded, compared to the trading of 0.89 million shares in the previous session.

Levels Of Support And Resistance For HOMB Stock

The 24-hour chart illustrates a support level at 23.92, which if violated will result in even more drops to 23.73. On the upside, there is a resistance level at 24.41. A further resistance level may holdings at 24.71. The Relative Strength Index (RSI) on the 14-day chart is 53.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.20%. Stochastics %K at 78.67% indicates the stock is a holding.

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