Home Bancshares Inc (NYSE:HOMB) shares, rose in value on Friday, May 30, with the stock price down by -0.67% to the previous day’s close as strong demand from buyers drove the stock to $28.29.
Actively observing the price movement in the last trading, the stock closed the session at $28.48. The PE ratio was 13.52 over 12-month period. Referring to stock’s 52-week performance, its high was $32.90, and the low was $22.42. On the whole, HOMB has fluctuated by 1.95% over the past month.
With the market capitalization of Home Bancshares Inc currently standing at about $5.59 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.79, with its dividend yield at 2.77%.
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 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.05, with the price of HOMB currently trading nearly -1.49% and 1.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.11, while the 7-day volatility ratio is showing 1.78% which for the 30-day chart, stands at 1.47%. Furthermore, Home Bancshares Inc (HOMB)’s beta value is 0.79, 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 -0.67% in last session, and over the past year, it grew by 20.03%%.
Data on historical trading for Home Bancshares Inc (NYSE:HOMB) indicates that the trading volumes over the past 3 months, they’ve averaged 1.02 million. According to company’s latest data on outstanding shares, there are 198.21 million shares outstanding.
Nearly 7.40% of Home Bancshares Inc’s shares belong to company insiders and institutional investors own 72.17% of the company’s shares. The stock has fallen by -0.04% 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.
