Would It Be A Good Move Today To Sell Home Bancshares Inc. (Conway AR) (HOMB) Stock?

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As of Friday close, Home Bancshares Inc. (Conway AR)’s (NYSE:HOMB) stock was down -$1.4, moving down -6.21 percent to $21.16. The average number of shares traded per day over the past five days has been 3,093,380 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.77 fall in that time frame. In the last twenty days, the average volume was 1,442,140, while in the previous 50 days, it was 990,754.

Since last month, HOMB stock retreated -13.63%. Shares of the company fell to $19.89 on 03/13/23, the lowest level in the past month. A 52-week high of $26.20 was reached on 02/03/23 after having rallying from a 52-week low of $19.83. Since the beginning of this year, HOMB’s stock price has dropped by -7.15% or -$1.63, and marked a new high 8 times. However, the stock has declined by -19.24% since its 52-week high.

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HOMB stock investors should be aware that Home Bancshares Inc. (Conway AR) (HOMB) stock had its last reported insider trading activity 103 days ago on Dec 05. French Tracy, the Centennial Bank CEO/President of the company, disposed of 51,367 shares for $24.21 on Dec 05. It resulted in a $1,243,595 divestment by the insider. Hickman James Pat sold 7,800 shares at an average price of $25.50 on Dec 02. The insider now owns 116,100 shares following the transaction. On Dec 01, Director Hickman James Pat sold 10,900 shares at $25.50 apiece. The transaction was valued at $277,950.

Valuation Metrics

Right now, Home Bancshares Inc. (Conway AR) (HOMB) has a P/E ratio of about 13.49. The stock’s beta is 1.19. Besides these, the trailing price-to-sales (P/S) ratio of 4.91, the price-to-book (PB) ratio of 1.22, and the price-to-cash flow ratio of 15.61 may also be considered.

The latest dividend of $0.18 per share was paid out, which is 9.09% more than last year’s $0.1650. On Wednesday January 25 2023, a $0.0150 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.12. In the year ended December 30, operating margins totaled 79.20%. Based on annual data, HOMB earned $758.68 million in gross profit and brought in $877.77 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.30%. Return on equity (ROE) for the past 12 months was 9.30%.

In Home Bancshares Inc. (Conway AR)’s quarter-end financial report for December 30, it reported total debt of $440.42 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Home Bancshares Inc. (Conway AR) to report $0.55 quarterly earnings, the actual figure was $0.57 per share, beating the consensus estimate by 3.60%. The value of shareholders’ equity is $203.61 million.

Technical Picture

This quick technical analysis looks at Home Bancshares Inc. (Conway AR)’s (HOMB) price momentum. With a historical volatility rate of 46.04%, the RSI 9-day stood at 29.85% on 17 March.

With respect to its five-day moving average, the current Home Bancshares Inc. (Conway AR) price is down by -3.51% percent or -$0.77. At present, HOMB shares trade -12.60% below its 20-day simple moving average and -11.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.37% below its SMA50 and -6.33% below its SMA200.

Stochastic coefficient K was 42.09% and Stochastic coefficient D was 43.37%, while ATR was 1.16. Given the Stochastic reading of 28.04% for the 14-day period, the RSI (14) reading has been calculated as 32.66%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -1.04.

Analyst Ratings

Home Bancshares Inc. (Conway AR) downgraded its rating on Home Bancshares Inc. (Conway AR) (NYSE: HOMB) to a Mkt perform in a note to investors on December 13, 2022. The analysts firm previously had an Outperform rating on the stock.Home Bancshares Inc. (Conway AR) (HOMB) has been rated Overweight by analysts. According to 0 brokerage firms, HOMB is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Home Bancshares Inc. (Conway AR) stock as buy, with 4 recommending it as overweight.

With a median target price of $27.00, the current consensus forecast for the stock is $26.50 – $28.00. Based on these forecasts, analysts predict Home Bancshares Inc. (Conway AR) (HOMB) will achieve an average price target of $27.25.


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