Home Bancshares Inc. [Conway AR] [HOMB] stock Downgrade by Keefe Bruyette analyst, price target now $28

Home Bancshares Inc. (Conway AR) [NYSE: HOMB] surged by $0.07 during the normal trading session on Friday and reaching a high of $23.52 during the day while it closed the day at $23.42. The company report on December 19, 2022 that Home BancShares, Inc. Announces Fourth Quarter Earnings Release Date and Conference Call.


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We strongly encourage all participants to pre-register for the conference call webcast or the live call using one of the following links. First, participants can pre-register for the conference call webcast using the following link: https://events.q4inc.com/attendee/223948707. Participants who pre-register will be given a unique webcast link to gain immediate access to the conference call webcast. Second, participants can pre-register for the live call using the following link: https://www.netroadshow.com/events/login?show=863c0014&confId=45606. Participants who pre-register will be given the phone number and unique access codes to gain immediate access to the live call. Participants may pre-register now, or at any time prior to the call, and will immediately receive simple instructions via email. The Home BancShares conference call will also be automatically scheduled as an event in your Outlook calendar.

Home Bancshares Inc. (Conway AR) stock has also gained 3.08% of its value over the past 7 days. However, HOMB stock has declined by -4.87% in the 3 months of the year. Over the past six months meanwhile, it has gained 10.06% and gained 2.76% year-on date.

The market cap for HOMB stock reached $4.76 billion, with 204.83 million shares outstanding and 189.65 million shares in the current float. Compared to the average trading volume of 896.55K shares, HOMB reached a trading volume of 536040 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Home Bancshares Inc. [Conway AR] [HOMB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HOMB shares is $27.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HOMB stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Keefe Bruyette have made an estimate for Home Bancshares Inc. (Conway AR) shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on December 13, 2022. The new note on the price target was released on July 16, 2021, representing the official price target for Home Bancshares Inc. (Conway AR) stock. Previously, the target price had yet another raise to $14, while Raymond James analysts kept a Outperform rating on HOMB stock.

The Average True Range (ATR) for Home Bancshares Inc. (Conway AR) is set at 0.54, with the Price to Sales ratio for HOMB stock in the period of the last 12 months amounting to 6.30. The Price to Book ratio for the last quarter was 1.39, with the Price to Cash per share for the same quarter was set at 7.78. Price to Free Cash Flow for HOMB in the course of the last twelve months was 20.44.

HOMB stock trade performance evaluation

Home Bancshares Inc. (Conway AR) [HOMB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.08. With this latest performance, HOMB shares gained by 0.30% in over the last four-week period, additionally plugging by 10.06% over the last 6 months – not to mention a drop of -7.47% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HOMB stock in for the last two-week period is set at 53.81, with the RSI for the last a single of trading hit 60.63, and the three-weeks RSI is set at 50.60 for Home Bancshares Inc. (Conway AR) [HOMB]. The present Moving Average for the last 50 days of trading for this stock 23.96, while it was recorded at 23.01 for the last single week of trading, and 23.02 for the last 200 days.

Home Bancshares Inc. [Conway AR] [HOMB]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Home Bancshares Inc. (Conway AR) [HOMB] shares currently have an operating margin of +55.42. Home Bancshares Inc. (Conway AR)’s Net Margin is presently recorded at +42.22.

Return on Equity for this stock inclined to 11.88, with Return on Assets sitting at 1.85.

Earnings per share (EPS) analysis for Home Bancshares Inc. (Conway AR) [HOMB] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HOMB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Home Bancshares Inc. (Conway AR) go to 5.00%.

Home Bancshares Inc. [Conway AR] [HOMB]: Insider Ownership positions

There are presently around $2,912 million, or 62.10% of HOMB stock, in the hands of institutional investors. The top three institutional holders of HOMB stocks are: BLACKROCK INC. with ownership of 21,878,689, which is approximately -0.11% of the company’s market cap and around 0.70% of the total institutional ownership; VANGUARD GROUP INC, holding 20,900,440 shares of the stock with an approximate value of $489.49 million in HOMB stocks shares; and T. ROWE PRICE INVESTMENT MANAGEMENT, INC., currently with $229.03 million in HOMB stock with ownership of nearly New of the company’s market capitalization.

Positions in Home Bancshares Inc. (Conway AR) stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 130 institutional holders increased their position in Home Bancshares Inc. (Conway AR) [NYSE:HOMB] by around 15,914,236 shares. Additionally, 118 investors decreased positions by around 13,834,345 shares, while 46 investors held positions by with 94,576,970 shares. The mentioned changes placed institutional holdings at 124,325,551 shares, according to the latest SEC report filing. HOMB stock had 34 new institutional investments in for a total of 11,107,438 shares, while 25 institutional investors sold positions of 1,136,007 shares during the same period.

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