Home Bancshares Inc (NYSE:HOMB) shares, rose in value on Friday, November 01, with the stock price down by -0.48% to the previous day’s close as strong demand from buyers drove the stock to $27.16.
Actively observing the price movement in the last trading, the stock closed the session at $27.29, falling within a range of $27.12 and $27.58. The value of beta (5-year monthly) was 1.042 whereas the PE ratio was 14.06 over 12-month period. Referring to stock’s 52-week performance, its high was $28.99, and the low was $19.92. On the whole, HOMB has fluctuated by 4.30% over the past month.
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With the market capitalization of Home Bancshares Inc currently standing at about $5.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-16. The company’s Forward Dividend Ratio is 0.73, with its dividend yield at 2.71%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.02B, with a low estimate of 252.94M and a high estimate of 259.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 256.75M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HOMB’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.81, with the price of HOMB currently trading nearly 0.76% and 0.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.58, while the 7-day volatility ratio is showing 2.38% which for the 30-day chart, stands at 2.08%. Furthermore, Home Bancshares Inc (HOMB)’s beta value is 1.04, and its average true range (ATR) is 0.61.
A comparison of Home Bancshares Inc (HOMB) with its peers suggests the former has fared considerably weaker in the market. HOMB showed an intraday change of -0.48% in last session, and over the past year, it grew by 34.19%%.
Data on historical trading for Home Bancshares Inc (NYSE:HOMB) indicates that the trading volumes over the past 10 days have averaged 1.03 and over the past 3 months, they’ve averaged 891.79K. According to company’s latest data on outstanding shares, there are 201.53 million shares outstanding.
Nearly 7.43% of Home Bancshares Inc’s shares belong to company insiders and institutional investors own 68.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.14 million shares as on 2024-10-15, resulting in a short ratio of 4.53. According to the data, the short interest in Home Bancshares Inc (HOMB) stood at 295.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 4.36 million. The stock has risen by 7.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HOMB stock heading into the next quarter.
