Stock On Watch: Does Home Bancshares Inc Have More Gas After Achieving Record High?

Stock On Watch: Does Home Bancshares Inc Have More Gas After Achieving Record High?

The stock of Home Bancshares Inc (NASDAQ:HOMB) reached all time high today, Nov, 24 and still has $27.78 target or 4.00% above today’s $26.71 share price. This indicates more upside for the $3.81B company. This technical setup was reported by Barchart.com. If the $27.78 PT is reached, the company will be worth $152.40M 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. The stock decreased 0.37% or $0.1 on November 23, hitting $26.71. About 929,456 shares traded hands or 36.56% up from the average. Home Bancshares Inc (NASDAQ:HOMB) has risen 22.92% since April 22, 2016 and is uptrending. It has outperformed by 17.51% the S&P500.

Analysts await Home Bancshares Inc (NASDAQ:HOMB) to report earnings on January, 19. They expect $0.33 EPS, up 17.86% or $0.05 from last year’s $0.28 per share. HOMB’s profit will be $47.07M for 20.23 P/E if the $0.33 EPS becomes a reality. After $0.31 actual EPS reported by Home Bancshares Inc for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

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. On Friday, October 16 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Merion Capital Group upgraded the shares of HOMB in a report on Friday, January 22 to “Outperform” rating. RBC Capital Markets maintained Home Bancshares Inc (NASDAQ:HOMB) rating on Friday, January 22. RBC Capital Markets has “Sector Perform” rating and $41 price target. As per Thursday, August 27, the company rating was maintained by Wood. On Tuesday, August 25 the stock rating was maintained by Wood with “Buy”. The stock of Home Bancshares Inc (NASDAQ:HOMB) earned “Neutral” rating by Merion Capital on Friday, November 11. The stock has “Mkt Perform” rating given by Keefe Bruyette & Woods on Thursday, November 10. The firm has “Neutral” rating by Merion Capital given on Friday, November 13. The firm has “Outperform” rating given on Tuesday, January 5 by Hovde Group. The rating was maintained by Wood with “Outperform” on Friday, August 21.

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 2016 Q2. 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.
Wells Fargo Company Mn accumulated 0% or 257,867 shares. Moreover, State Of Tennessee Treasury Department has 0.01% invested in Home Bancshares Inc (NASDAQ:HOMB) for 97,292 shares. Shell Asset Management Company has invested 0.05% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB). Legal & General Grp Public Limited Liability Corp holds 0% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB) for 27,489 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Rafferty Asset Mngmt Lc holds 0.04% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB) for 28,220 shares. Jpmorgan Chase Company has 0% invested in the company for 946,755 shares. Moreover, Sg Americas has 0% invested in Home Bancshares Inc (NASDAQ:HOMB) for 22,992 shares. Raymond James Tru Na accumulated 11,672 shares or 0.02% of the stock. Nuveen Asset Management reported 636,461 shares or 0.08% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB) for 3,962 shares. Dana Advsrs reported 171,351 shares or 0.15% of all its holdings. Teacher Retirement System Of Texas owns 17,654 shares or 0% of their US portfolio. Mycio Wealth Ptnrs Limited Liability Co owns 82 shares or 0% of their US portfolio. California Public Employees Retirement holds 0.01% of its portfolio in Home Bancshares Inc (NASDAQ:HOMB) for 259,668 shares.

Insider Transactions: Since June 14, 2016, the stock had 0 insider purchases, and 13 sales for $16.41 million net activity. LIEBLONG ALEX R sold $536,733 worth of stock. $356,906 worth of shares were sold by TIPTON JOHN STEPHEN on Monday, November 14. $69,787 worth of Home Bancshares Inc (NASDAQ:HOMB) was sold by Haynes Jim F JR on Thursday, August 11. Engelkes Jack sold $52,199 worth of stock. 58,000 shares were sold by Sims Randall, worth $1.48M. 14,888 shares with value of $344,684 were sold by Davis Brian on Tuesday, September 6. 20,000 Home Bancshares Inc (NASDAQ:HOMB) shares with value of $525,950 were sold by Bruns Dale.

More notable recent Home Bancshares Inc (NASDAQ:HOMB) news were published by: Globenewswire.com which released: “Home BancShares, Inc. and Centennial Bank Announce Successful Bid to Purchase …” on November 17, 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. and Giant Holdings, Inc. Announce Signing of Definitive …” on November 07, 2016. More interesting news about Home Bancshares Inc (NASDAQ:HOMB) were released by: Streetinsider.com and their article: “Form 4 HOME BANCSHARES INC For: Nov 21 Filed by: Townsell Donna” published on November 23, 2016 as well as Streetinsider.com‘s news article titled: “Form 8-K HOME BANCSHARES INC For: Nov 07” with publication date: November 08, 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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