The stock of Home Bancshares Inc (NASDAQ:HOMB) hit a new 52-week high and has $37.29 target or 50.00% above today’s $24.86 share price. The 9 months bullish chart indicates low risk for the $3.65B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $37.29 price target is reached, the company will be worth $1.83B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 773,667 shares traded hands or 15.72% up from the average. Home Bancshares Inc (NASDAQ:HOMB) has risen 23.26% since April 11, 2016 and is uptrending. It has outperformed by 17.11% the S&P500.
Home Bancshares Inc (NASDAQ:HOMB) Ratings Coverage
Out of 7 analysts covering Home Bancshares Inc. (NASDAQ:HOMB), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Home Bancshares Inc. has been the topic of 15 analyst reports since July 20, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of HOMB in a report on Friday, October 16 with “Sector Perform” rating. The firm earned “Buy” rating on Thursday, August 27 by Wood. On Tuesday, September 13 the stock rating was downgraded by Sandler O’Neill to “Hold”. The stock has “Buy” rating given by Sandler O’Neill on Friday, January 8. The stock has “Buy” rating given by Wood on Tuesday, August 25. The rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform” on Thursday, November 10. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, January 22. The rating was downgraded by Merion Capital on Friday, November 11 to “Neutral”. The stock of Home Bancshares Inc (NASDAQ:HOMB) earned “Outperform” rating by Wood on Friday, August 21. The firm has “Neutral” rating by Merion Capital given on Friday, November 13.
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 is negative, 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.
Teacher Retirement Systems Of Texas, a Texas-based fund reported 17,654 shares. Metropolitan Life Insur Ny last reported 87,340 shares in the company. Matarin Mngmt Limited Com holds 0% or 355,421 shares in its portfolio. Morgan Stanley holds 0% or 265,115 shares in its portfolio. Royal Bank Of Canada last reported 0% of its portfolio in the stock. Regions Fincl Corporation holds 13,214 shares or 0% of its portfolio. Tocqueville Asset Lp owns 24,750 shares or 0.01% of their US portfolio. California State Teachers Retirement System holds 0.01% or 254,234 shares in its portfolio. Jennison Associate Limited Liability last reported 0% of its portfolio in the stock. Td Asset Mgmt holds 13,505 shares or 0% of its portfolio. Prudential Finance Inc has 0.01% invested in the company for 385,816 shares. Texas Permanent School Fund holds 0.02% or 93,383 shares in its portfolio. Moreover, Goldman Sachs Group Inc Inc has 0.02% invested in Home Bancshares Inc (NASDAQ:HOMB) for 2.37 million shares. Invesco Ltd owns 2.26M shares or 0.02% of their US portfolio. Principal Group last reported 0.02% of its portfolio in the stock.
Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 7 selling transactions for $13.36 million net activity. Haynes Jim F JR sold $69,787 worth of stock or 3,250 shares. Adams Milburn also bought $30,960 worth of Home Bancshares Inc (NASDAQ:HOMB) shares. $575,295 worth of Home Bancshares Inc (NASDAQ:HOMB) was sold by LIEBLONG ALEX R on Tuesday, August 30. $9.42M worth of Home Bancshares Inc (NASDAQ:HOMB) was sold by Ashley Richard H on Thursday, August 11. 14,888 Home Bancshares Inc (NASDAQ:HOMB) shares with value of $344,684 were sold by Davis Brian. Shares for $169,745 were sold by Carter Russell Davis III. $2.24M worth of Home Bancshares Inc (NASDAQ:HOMB) shares were sold by French Tracy.
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, Streetinsider.com published: “Form 8-K HOME BANCSHARES INC For: Nov 07” on November 08, 2016. More interesting news about Home Bancshares Inc (NASDAQ:HOMB) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Artisan Partners Asset Management, Home BancShares and …” published on November 10, 2016 as well as Globenewswire.com‘s news article titled: “Home BancShares, Inc. Chairman Highlighted Among Ten Arkansas Business Icons” with publication date: August 09, 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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