Home Bancshares Inc. (Conway AR) (NYSE:HOMB) concluded the trading at $25.74 on Friday, January 14 with a rise of 0.19% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $25.69 and 5Y monthly beta was reading 1.38 with its price kept floating in the range of $25.13 and $25.76 on the day. Company’s P/E ratio for the trailing 12 months is 12.98. Considering stock’s 52-week price range provides that HOMB hit a high price of $29.76 and saw its price falling to a low level of $20.69 during that period. Over a period of past 1-month, stock came adding 6.06% in its value.
With its current market valuation of $4.23 billion, Home Bancshares Inc. (Conway AR) is set to declare its quarterly results on Jan 20, 2022. HOMB Stock’s Forward Dividend of 0.56 and its yield of 2.18% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.42 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $1.92 for 2021 with estimates of that growing to $1.63 in next year. These estimates are suggesting current year growth of 47.70% for EPS and -15.10% growth next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $167.84 million. They suggested that in the process company could generate revenue of as low as $165.42 million which could climb up to $170.3 million to hit a high. The average estimate is representing a decrease of -7.70% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $696.47 million in 2021, which will be 0.30% more from revenue generated by the company last year.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review HOMB stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 50% Buy for it.
Digging deeper we become aware of the PEG ratio of the HOMB stock which is currently positioned at 2.60. It further provides that stock’s current price level is 3.98% away from its 20-day simple moving average and is 2.90% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 60.75 while volatility remained at 2.58% over the past week which changes to 2.25% when measuring it over the past month. Beta is valued at 1.35, while measure of average true range or ATR is currently at 0.60.
In comparing Home Bancshares Inc. (Conway AR) (HOMB)’s stock with other industry players reveals that stock’s current price change of 0.19% and that of 21.93% over the past 12 months is in competing position with that of Cadence Bank (CADE) which saw its stock price raised by 0.95% in the last trading and went through an increase of 13.23% in past 12-month trading. Industry’s another major player BOK Financial Corporation (BOKF) has rise 2.30% up in previous session, but over the past year has faced a rise of 46.76%, while Prosperity Bancshares Inc. (PB) was also up 0.18% however its price remained floating in the green at 14.41% over the same period. Home Bancshares Inc. (Conway AR) has a P/E ratio of 12.98 against that of Cadence Bank’s 12.38 while BOK Financial Corporation is showing 12.32 for the same. On the other hand, the S&P 500 Index was up 0.08% in the last trading session while the Dow Jones Industrial closed the session lower at -0.56%.
Having a second look at Home Bancshares Inc. (Conway AR) (NYSE:HOMB) provides that stock’s average daily trading volume for 3 months was 543.55K, while it jumped to 0.5 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 164.13 million.
The percentage of outstanding shares held by the insiders is 3.60% while it is 68.20% for the institutional holders. The figures also indicate that as of Dec 14, 2021, number of stock’s short shares was 4.33 million which implies a short ratio of 8.59. This shows up a 2.64% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short improved as it was 4.28 million in the previous month. Addition of 5.71% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.