Home Bancshares Inc [HOMB] Shares Rise 1.16 % on Wednesday

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Home Bancshares Inc shares valued at $413,864 were sold by Davis Brian on Jul 19 ’24. At $26.89 per share, Davis Brian sold 15,391 shares. The insider’s holdings dropped to 89,192 shares worth approximately $2.41 million following the completion of this transaction.

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Also, Hester Kevin sold 25,263 shares, netting a total of over 682,101 in proceeds. Following the sale of shares at $27.00 each, the insider now holds 114,912 shares.

Before that, French Tracy had sold 79,306 shares from its account. In a trade valued at $1,958,858, the Centennial Bank Chairman traded Home Bancshares Inc shares for $24.70 each. Upon closing the transaction, the insider’s holdings decreased to 79,306 shares, worth approximately $5.44 million.

As published in their initiating research note from Citigroup on December 01, 2023, Home Bancshares Inc [HOMB] has been a Neutral and the price target has been revised to $23. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid December. As of July 16, 2021, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for HOMB. Earlier on April 17, 2020, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for HOMB stock which previously was a “a Mkt perform”.

Analyzing HOMB Stock Performance

During the last five days, there has been a drop of approximately -1.42%. Over the course of the year, Home Bancshares Inc shares have jumped approximately 6.83%. Nevertheless, trading volume fell to 1.03 million shares from 1.43 million shares the previous day.