Home Bancshares Inc (NYSE:HOMB) shares, rose in value, with the stock price down by -0.41% to the previous day’s close as strong demand from buyers drove the stock to $24.42.
Actively observing the price movement in the last trading, the stock closed the session at $24.52. The PE ratio was 12.66 over 12-month period. Referring to stock’s 52-week performance, its high was $25.80, and the low was $19.61. On the whole, HOMB has fluctuated by -0.49% over the past month.
The company’s Forward Dividend Ratio is 0.72, with its dividend yield at 2.95%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 997.04M, with a low estimate of 245.5M and a high estimate of 250M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 247.72M.
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% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.53, with the price of HOMB currently trading nearly 3.02% and 3.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.70, while the 7-day volatility ratio is showing 2.06% which for the 30-day chart, stands at 2.18%. Furthermore, Home Bancshares Inc (HOMB)’s beta value is 1.08, and its average true range (ATR) is 0.56.
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 -0.41% in last session, and over the past year, it grew by 15.68%%.
Data on historical trading for Home Bancshares Inc (NYSE:HOMB) indicates that the trading volumes over the past 3 months, they’ve averaged 998.33K. According to company’s latest data on outstanding shares, there are 201.53 million shares outstanding.
Nearly 7.28% of Home Bancshares Inc’s shares belong to company insiders and institutional investors own 67.94% of the company’s shares. The stock has fallen by -3.59% 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.
