Home Bancshares Inc’s recently made public that its Chief Financial Officer Davis Brian unloaded Company’s shares for reported $0.41 million on Jul 19 ’24. In the deal valued at $26.89 per share,15,391 shares were sold. As a result of this transaction, Davis Brian now holds 89,192 shares worth roughly $2.42 million.
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Then, Hester Kevin sold 25,263 shares, generating $682,101 in total proceeds. Upon selling the shares at $27.00, the President and CLO now owns 114,912 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 $5.46 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 fall -0.48% to $27.16. Over the last five days, the stock has gained 1.08%. Home Bancshares Inc shares have risen nearly 7.22% since the year began. Nevertheless, the stocks have risen 34.19% over the past one year. While a 52-week high of $28.99 was reached on 07/31/24, a 52-week low of $19.92 was recorded on 04/16/24. SMA at 50 days reached $27.04, while 200 days put it at $25.03.
Levels Of Support And Resistance For HOMB Stock
The 24-hour chart illustrates a support level at 26.99, which if violated will result in even more drops to 26.83. On the upside, there is a resistance level at 27.45. A further resistance level may holdings at 27.75. The Relative Strength Index (RSI) on the 14-day chart is 51.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.68%. Stochastics %K at 56.70% 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 2024-10-15, dropping by -0.22 million shares to a total of 4.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.36 million shares. There was a decline of -5.28%, which implies that there is a negative sentiment for the stock.
