Stock of the Day: Is Buying All-time Stock Like Home Bancshares Inc a Winning Strategy?

Stock of the Day: Is Buying All time Stock Like Home Bancshares Inc a Winning Strategy?

The stock of Home Bancshares Inc (NASDAQ:HOMB) reached all time high today, Nov, 18 and still has $34.79 target or 33.00% above today’s $26.16 share price. This indicates more upside for the $3.69B company. This technical setup was reported by Barchart.com. If the $34.79 PT is reached, the company will be worth $1.22 billion 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 167,595 shares traded hands. Home Bancshares Inc (NASDAQ:HOMB) has risen 22.01% since April 18, 2016 and is uptrending. It has outperformed by 17.58% 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. The firm has “Buy” rating given on Tuesday, August 25 by Wood. The rating was maintained by RBC Capital Markets on Friday, October 16 with “Sector Perform”. Hovde Group upgraded the shares of HOMB in a report on Tuesday, January 5 to “Outperform” rating. The firm has “Mkt Perform” rating by Keefe Bruyette & Woods given on Thursday, November 10. The rating was maintained by Wood with “Buy” on Thursday, August 27. RBC Capital Markets maintained Home Bancshares Inc (NASDAQ:HOMB) on Friday, January 22 with “Sector Perform” rating. The firm has “Outperform” rating given on Friday, January 22 by Merion Capital Group. The rating was upgraded by Sandler O’Neill on Friday, January 8 to “Buy”. The rating was maintained by Wood on Friday, August 21 with “Outperform”. 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 increased to 1.04 in Q2 2016. Its up 0.06, from 0.98 in 2016Q1. The ratio increased, 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.
Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB) for 3,962 shares. Matarin Lc holds 0% or 355,421 shares in its portfolio. Creative Planning owns 2,069 shares or 0% of their US portfolio. King Luther Cap Mgmt holds 0.26% or 1.35 million shares in its portfolio. Columbia Partners L L C has 0.14% invested in the company for 92,686 shares. Prudential Financial Inc accumulated 385,816 shares or 0.01% of the stock. Cim Inv Mangement accumulated 23,238 shares or 0.19% of the stock. The Switzerland-based Credit Suisse Ag has invested 0% in Home Bancshares Inc (NASDAQ:HOMB). Intrust Bank & Trust Na owns 28,019 shares or 0.22% of their US portfolio. Moreover, Paloma Prns has 0% invested in Home Bancshares Inc (NASDAQ:HOMB) for 20,398 shares. Blackrock Fund Advsrs holds 0.03% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB) for 7.70M shares. Great West Life Assurance Communications Can holds 0% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB) for 5,800 shares. Stratos Wealth Ptnrs Ltd has 0.02% invested in the company for 10,740 shares. Texas Permanent School Fund holds 93,383 shares or 0.02% of its portfolio. Guggenheim Capital Ltd Limited Liability Company has 0.01% invested in the company for 126,870 shares.

Insider Transactions: Since June 14, 2016, the stock had 0 insider buys, and 10 insider sales for $15.72 million net activity. 14,000 Home Bancshares Inc (NASDAQ:HOMB) shares with value of $356,906 were sold by TIPTON JOHN STEPHEN. $9.42M worth of Home Bancshares Inc (NASDAQ:HOMB) was sold by Ashley Richard H. Shares for $1.48M were sold by Sims Randall on Monday, November 14. 21,319 shares were sold by Engelkes Jack, worth $528,362. 8,000 shares were sold by Carter Russell Davis III, worth $169,745 on Friday, August 12. LIEBLONG ALEX R also sold $536,733 worth of Home Bancshares Inc (NASDAQ:HOMB) on Tuesday, June 14. 96,000 shares were sold by French Tracy, worth $2.24 million.

More important 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 published article titled: “Home BancShares, Inc. Announces a 20% Increase in Fourth Quarter Cash Dividend”, 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) was released by: Nasdaq.com and their article: “Home BancShares, Inc. (HOMB) Ex-Dividend Date Scheduled for November 14, 2016” with publication date: November 11, 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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