Home Bancshares Inc (HOMB) Stock: A Closer Look

Home Bancshares Inc [HOMB] stock prices are up 2.60% to $23.69 at the moment. 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 lost -2.19% over the last week, with a monthly amount drifted -5.20%, and not seem to be holding up well over a long-time horizon.

On 18, January 2024, Results of West Texas Headwinds and FDIC Surprise 4th Quarter Assessment Only Things Standing Between HOMB and Expected 2023 Goal of $400 Million Plus. In a post published today on Yahoo Finance, Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today.

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.

The stock price of Home Bancshares Inc [HOMB] has been fluctuating between $19.61 and $25.80 over the past year. Home Bancshares Inc [NYSE: HOMB] shares were valued at $23.69 at the most recent close of the market.

Analyzing the HOMB fundamentals

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 23.21 points at the first support level, and at 22.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.97, and for the 2nd resistance point, it is at 24.24.

Home Bancshares Inc [HOMB] reported earnings per share of $0.49 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.48/share, meaning a difference of $0.01 and a surprise factor of 2.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.52 per share as compared to estimates of $0.51 per share, a difference of $0.01 representing a surprise of 2.00%.

Ratios To Look Out For

It’s worth pointing out that Home Bancshares Inc [NYSE:HOMB]’s Current Ratio is 0.27.

Transactions by insiders

Insider trading, which has resulted in 2 insider purchases of 5,000 shares and 2 insider sales of 4,970 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Hickman James Pat, Director, that happened on Dec 22 when 60000.0 shares were sold. Director, Hickman James Pat completed a deal on Dec 22 to sell 40000.0 shares. Meanwhile, Director Hickman James Pat sold 100.0 shares on Dec 18.

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