Analysts predict Home Bancshares Inc (HOMB) stock to reach $27.5 in the next 12 months

Home Bancshares Inc [HOMB] stock is trading at $25.50, up 2.66%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HOMB shares have gain 8.83% over the last week, with a monthly amount glided 10.06%, and seem to be holding up well over a long-time horizon.

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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.

Home Bancshares Inc [HOMB] stock has fluctuated 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 $25.50 at the most recent close of the market. An investor can expect a potential return of 7.84% based on the average HOMB price forecast.

Analyzing the HOMB fundamentals

Home Bancshares Inc [NYSE:HOMB] reported sales of 1.37B for the trailing twelve months, which represents a growth of 8.23%. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at 0.43%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.1 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.

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 25.15 points at the first support level, and at 24.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.72, and for the 2nd resistance point, it is at 25.94.

Ratios To Look Out For

For context, Home Bancshares Inc’s Current Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 3.72, the price to book ratio is 1.34 and price to earnings (TTM) ratio is 13.22.

Transactions by insiders

Recent insider trading involved French Tracy, Centennial Bank Chairman, that happened on May 16 ’24 when 79306.0 shares were sold. Chief Accounting Officer, FLOYD JENNIFER C. completed a deal on Apr 26 ’24 to sell 2333.0 shares. Meanwhile, Chief Financial Officer Davis Brian sold 20544.0 shares on Apr 25 ’24.

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