Worth Watching: What’s Home Bancshares Inc Upside After Achieving All-Time High?

Worth Watching: What's Home Bancshares Inc Upside After Achieving All Time High?

The stock of Home Bancshares Inc (NASDAQ:HOMB) reached all time high today, Nov, 10 and still has $31.53 target or 34.00% above today’s $23.53 share price. This indicates more upside for the $3.51 billion company. This technical setup was reported by Barchart.com. If the $31.53 PT is reached, the company will be worth $1.19B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 345,919 shares traded hands. Home Bancshares Inc (NASDAQ:HOMB) has risen 18.96% since April 8, 2016 and is uptrending. It has outperformed by 13.31% the S&P500.

Home Bancshares Inc (NASDAQ:HOMB) Ratings Coverage

Out of 7 analysts covering Home Bancshares Inc. (NASDAQ:HOMB), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Home Bancshares Inc. has been the topic of 13 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The rating was upgraded by Hovde Group to “Outperform” on Tuesday, January 5. The firm earned “Buy” rating on Thursday, August 27 by Wood. Sandler O’Neill upgraded the stock to “Buy” rating in Friday, January 8 report. The stock of Home Bancshares Inc (NASDAQ:HOMB) earned “Sector Perform” rating by RBC Capital Markets on Friday, January 22. The company was maintained on Friday, October 16 by RBC Capital Markets. The firm has “Outperform” rating given on Friday, August 21 by Wood. The stock of Home Bancshares Inc (NASDAQ:HOMB) has “Outperform” rating given on Friday, January 22 by Merion Capital Group. Wood maintained the shares of HOMB in a report on Tuesday, August 25 with “Buy” rating. The stock of Home Bancshares Inc (NASDAQ:HOMB) has “Neutral” rating given on Friday, November 13 by Merion Capital. The company was downgraded on Tuesday, September 13 by Sandler O’Neill.

According to Zacks Investment Research, “HOME BANCSHARES, INC. is a bank holding company, headquartered in Conway, Arkansas, with six wholly owned bank subsidiaries that provide a broad range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities. Three of the bank subsidiaries are located in the central Arkansas market area, a fourth serves central and southern Arkansas, a fifth serves Stone County in north central Arkansas, and a sixth serves the Florida Keys and southwestern Florida.”

Insitutional Activity: The institutional sentiment decreased to 0.98 in Q2 2016. Its down 0.37, from 1.35 in 2016Q1. The ratio dropped, as 12 funds sold all Home Bancshares Inc shares owned while 74 reduced positions. 18 funds bought stakes while 66 increased positions. They now own 159.62 million shares or 295.01% more from 40.41 million shares in 2016Q1.
The New York-based American Intll Grp Inc has invested 0% in Home Bancshares Inc (NASDAQ:HOMB). California Pub Employees Retirement Sys reported 259,668 shares or 0.01% of all its holdings. 1492 Cap Lc has invested 0.49% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB). Aqr Capital Management Limited Liability Company last reported 0% of its portfolio in the stock. M&T Financial Bank Corp has 0% invested in the company for 10,723 shares. Moreover, Veritable L P has 0.01% invested in Home Bancshares Inc (NASDAQ:HOMB) for 15,822 shares. Price T Rowe Assocs Md holds 9.46 million shares or 0.04% of its portfolio. Barclays Public Ltd Liability Com holds 0% or 20,070 shares in its portfolio. Mendon Cap Advisors has invested 0.2% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB). Alliancebernstein Limited Partnership last reported 0% of its portfolio in the stock. Loomis Sayles And L P has 0.09% invested in the company for 1.68M shares. Systematic Financial Limited Partnership has 198,870 shares for 0.05% of their US portfolio. Moreover, Thompson Siegel Walmsley Ltd Limited Liability Company has 0% invested in Home Bancshares Inc (NASDAQ:HOMB) for 85 shares. Creative Planning reported 2,069 shares or 0% of all its holdings. Dimensional Fund Advsrs Lp last reported 3.19 million shares in the company.

Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 7 sales for $13.36 million net activity. Ashley Richard H sold $9.42M worth of stock or 440,000 shares. Davis Brian sold 14,888 shares worth $344,684. Carter Russell Davis III sold $169,745 worth of stock. The insider French Tracy sold 96,000 shares worth $2.24 million. On Thursday, May 12 Adams Milburn bought $30,960 worth of the stock or 750 shares. $536,733 worth of shares were sold by LIEBLONG ALEX R on Tuesday, June 14. The insider Haynes Jim F JR sold 3,250 shares worth $69,787.

More notable recent Home Bancshares Inc (NASDAQ:HOMB) news were published by: Globenewswire.com which released: “Home BancShares, Inc. and Giant Holdings, Inc. Announce Signing of Definitive …” on November 07, 2016, also Finance.Yahoo.com with their article: “Home BancShares, Inc. Announces a 20% Increase in Fourth Quarter Cash Dividend” published on October 26, 2016, Globenewswire.com published: “Home BancShares, Inc. Chairman Highlighted Among Ten Arkansas Business Icons” on August 09, 2016. More interesting news about Home Bancshares Inc (NASDAQ:HOMB) were released by: Streetinsider.com and their article: “Form 425 HOME BANCSHARES INC Filed by: HOME BANCSHARES INC” published on November 08, 2016 as well as Thecabin.net‘s news article titled: “Home BancShares, Inc. anounces earnings increase” with publication date: October 22, 2016.

HOMB Company Profile

Home BancShares, Inc., incorporated on September 1, 1989, is a bank holding company. The Firm is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank). The Firm offers a range of services and products, including 24-hour Internet banking, mobile banking and voice response information, cash management, overdraft protection, direct deposit, safe deposit boxes, United States savings bonds and automatic account transfers. Cook Insurance Agency, Inc. is an independent insurance agency. Centennial Insurance Agency writes policies for commercial and personal lines of business, including insurance for property, casualty, life, health and employee benefits. The Centennial Bank trust department offers an array of trust services. These trust services is focused on personal trusts, corporate trusts and employee benefit trusts.

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