Home Bancshares Inc [HOMB] stock prices are down -0.54% to $23.93 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The HOMB shares have gain 3.06% over the last week, with a monthly amount glided 4.32%, and seem to be holding up well over a long-time horizon.
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On 24, January 2024, Home BancShares, Inc. Announces First Quarter Cash Dividend. In a post published today on Yahoo Finance, Home BancShares, Inc. (NYSE: HOMB), parent company of Centennial Bank, today announced that its Board of Directors has declared a regular $0.18 per share quarterly cash dividend payable March 6, 2024, to shareholders of record February 14, 2024. This cash dividend is consistent with the quarterly dividends paid during 2023.
From an analyst’s perspective:
Home Bancshares Inc [NYSE: HOMB] stock has seen the most recent analyst activity on December 01, 2023, when Citigroup initiated its Neutral rating and assigned the stock a price target of $23. Previously, Keefe Bruyette downgraded its rating to Mkt Perform on December 13, 2022, and kept the price target unchanged to $28. On July 16, 2021, downgrade downgraded it’s rating to Mkt Perform. Raymond James upgraded its rating to a Outperform but stick to its price target of $14 on April 17, 2020. Citigroup downgraded its rating to a Neutral. Barclays started tracking with a Equal Weight rating for this stock on February 11, 2019, and assigned it a price target of $21. In a note dated June 18, 2018, Citigroup initiated an Buy rating and provided a target price of $28 on this stock.
The stock price of Home Bancshares Inc [HOMB] has been fluctuating between $19.61 and $25.80 over the past year. Currently, Wall Street analysts expect the stock to reach $27.5 within the next 12 months. Home Bancshares Inc [NYSE: HOMB] shares were valued at $23.93 at the most recent close of the market. An investor can expect a potential return of 14.92% based on the average HOMB price forecast.
Analyzing the HOMB fundamentals
The Home Bancshares Inc [NYSE:HOMB] reported sales of 1.34B for trailing twelve months, representing a surge of 4.55%. Gross Profit Margin for this corporation currently stands at 0.89%, Pretax Profit Margin comes in at 0.47%, and Net Profit Margin reading is 0.36%. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.56 points at the first support level, and at 23.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.29, and for the 2nd resistance point, it is at 24.66.
Home Bancshares Inc [HOMB] reported earnings per share of $0.48 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.03 and a surprise factor of 6.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.49 per share as compared to estimates of $0.48 per share, a difference of $0.01 representing a surprise of 2.10%.
Ratios To Look Out For
It’s worth pointing out that Home Bancshares Inc [NYSE:HOMB]’s Current Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 3.58, the price to book ratio is 1.27 and price to earnings (TTM) ratio is 12.35.
Transactions by insiders
Recent insider trading involved ALLISON JOHN W, Chairman & CEO, that happened on Feb 05 ’24 when 20000.0 shares were purchased. Director, Hickman James Pat completed a deal on Dec 22 ’23 to sell 60000.0 shares. Meanwhile, Director Hickman James Pat sold 40000.0 shares on Dec 22 ’23.
