The stock of Home Bancshares Inc. (Conway AR) (NYSE:HOMB) decreased by -$0.05 on Friday to finish at $21.85, down -0.23 percent. The last five days have seen an average of 638,280 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$0.94. The average number of shares traded over the last 20 days was 851,310, while the average volume over the last 50 days totaled 1,055,248.
HOMB stock dropped -9.15% since last month. On 08/23/23, the company’s shares reached a one-month low of $21.51. The stock touched a high of $26.20 on 07/20/23, after rallying from a low of $19.77 in 52 weeks. The price of HOMB stock has declined by -4.12% or -$0.94 this year, reaching a new high 9 times. Still, the stock price is down -16.60% from the 52-week high.
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Insider Transactions
HOMB stock investors should be aware that Home Bancshares Inc. (Conway AR) (HOMB) stock had its last reported insider trading activity 33 days ago on Jul 26. On Jul 26, Centennial Bank Regional Pres. Carter Russell Davis III sold 900 shares at $23.59 each. This transaction resulted in the insider making $21,236. On Jun 06, Williamson Kenneth Mikel JR sold 10,767 shares at a price of US$23.47. After the transaction, the insider now owns 60,178 shares. Centennial Bank Regional Pres. Williamson Kenneth Mikel JR had earlier sold 10,638 shares on Jun 06 for $23.45 a share. The transaction was completed for $249,478.
Valuation Metrics
Home Bancshares Inc. (Conway AR) (HOMB) has a trailing price-to-earnings (P/E) ratio of 10.30. Beta for the stock is 1.18. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.07, the price-to-book (PB) ratio of 1.21, and the price-to-cash flow ratio of 9.54.
Company paid $0.18 per share in dividends, remained unchanged from $0.18 last year. A $0.0150 dividend increase was reported on Wednesday January 25 2023.
Financial Health
The company’s long-term debt to equity ratio for the recent quarter is 0.12, and the total debt to equity ratio is 0.12. Home Bancshares Inc. (Conway AR)’s operating margin stood at 77.10% for the same period. Based on annual data, it had gross profit of $758.68 million and revenue of $877.77 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HOMB’s return on assets (ROA) during the last 12 months has been 1.90%. There was a 15.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.10%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. At the end of Home Bancshares Inc. (Conway AR)’s most recent quarter, its total debt was $1.35 billion. Equity owned by shareholders amounts to $202.58 million.
Technical Picture
Here’s a quick look at Home Bancshares Inc. (Conway AR)’s (HOMB) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 25.29%, suggesting the stock is oversold, with a 21.77% historical volatility rate.
The stochastic %K and %D were 12.59% and 9.61% respectively, while the average true range (ATR) was 0.55. Based on the 14-day stochastic reading of 11.68%, the RSI (14) reading is 32.53%. On the 9-day MACD Oscillator, the stock is at -0.30, and the 14-day reading is at -0.88.
Analyst Ratings
Home Bancshares Inc. (Conway AR) (NYSE: HOMB) was downgraded by Keefe Bruyette to a a Mkt perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Home Bancshares Inc. (Conway AR) (HOMB) an Overweight rating. HOMB is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is HOMB’s price target for the next 12 months?
The current consensus forecast for the stock is between $26.00 and $28.00, with a median target price of $27.00. In analyzing these forecasts, the average price target given by analysts for Home Bancshares Inc. (Conway AR) (HOMB) is $27.00.
