Home Bancshares Inc’s recent filing unveils that its President and CLO Hester Kevin unloaded Company’s shares for reported $0.68 million on Jul 19 ’24. In the deal valued at $27.00 per share,25,263 shares were sold. As a result of this transaction, Hester Kevin now holds 114,912 shares worth roughly $3.28 million.
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Then, Davis Brian sold 15,391 shares, generating $413,864 in total proceeds. Upon selling the shares at $26.89, the Chief Financial Officer now owns 89,192 shares.
Before that, French Tracy sold 79,306 shares. Home Bancshares Inc shares valued at $1,958,858 were divested by the Centennial Bank Chairman at a price of $24.70 per share. As a result of the transaction, French Tracy now holds 200,949 shares, worth roughly $5.74 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 Friday, Home Bancshares Inc [NYSE:HOMB] saw its stock jump 0.81% to $28.56. Over the last five days, the stock has gained 5.23%. Home Bancshares Inc shares have risen nearly 12.75% since the year began. Nevertheless, the stocks have risen 18.56% over the past one year. While a 52-week high of $28.57 was reached on 07/26/24, a 52-week low of $19.61 was recorded on 04/16/24. SMA at 50 days reached $24.34, while 200 days put it at $23.58. A total of 1.22 million shares were traded, compared to the trading of 1.85 million shares in the previous session.
Levels Of Support And Resistance For HOMB Stock
The 24-hour chart illustrates a support level at 28.24, which if violated will result in even more drops to 27.92. On the upside, there is a resistance level at 28.85. A further resistance level may holdings at 29.14. The Relative Strength Index (RSI) on the 14-day chart is 79.85, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.65%. Stochastics%K at 92.10% indicates the stock is a selling.
