The stock price of Home Bancshares Inc (NYSE: HOMB) has dropped by -1.13 compared to previous close of 24.80. Despite this, the company has seen a gain of 5.60% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-22 that Home BancShares (HOMB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Is It Worth Investing in Home Bancshares Inc (NYSE: HOMB) Right Now?
The price-to-earnings ratio for Home Bancshares Inc (NYSE: HOMB) is above average at 12.71x, Company’s 36-month beta value is 1.08.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for HOMB is 186.49M, and currently, short sellers hold a 2.23% ratio of that floaft. The average trading volume of HOMB on April 26, 2024 was 998.37K shares.
HOMB’s Market Performance
HOMB’s stock has seen a 5.60% increase for the week, with a 3.59% rise in the past month and a -0.41% fall in the past quarter. The volatility ratio for the week is 2.48%, and the volatility levels for the past 30 days are at 2.29% for Home Bancshares Inc The simple moving average for the last 20 days is 3.44% for HOMB’s stock, with a simple moving average of 6.59% for the last 200 days.
Analysts’ Opinion of HOMB
Many brokerage firms have already submitted their reports for HOMB stocks, with Citigroup repeating the rating for HOMB by listing it as a “Neutral.” The predicted price for HOMB in the upcoming period, according to Citigroup is $23 based on the research report published on December 01, 2023 of the previous year 2023.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see HOMB reach a price target of $28. The rating they have provided for HOMB stocks is “Mkt Perform” according to the report published on December 13th, 2022.
HOMB Trading at 3.92% from the 50-Day Moving Average
After a stumble in the market that brought HOMB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.96% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares sank -0.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.64% upper at present.
During the last 5 trading sessions, HOMB rose by +5.60%, which changed the moving average for the period of 200-days by +5.55% in comparison to the 20-day moving average, which settled at $23.70. In addition, Home Bancshares Inc saw -3.20% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HOMB starting from Davis Brian, who sale 20,544 shares at the price of $24.52 back on Apr 25 ’24. After this action, Davis Brian now owns 89,192 shares of Home Bancshares Inc, valued at $503,739 using the latest closing price.
Townsell Donna, the Director of Investor Relations of Home Bancshares Inc, sale 22,729 shares at $23.76 during a trade that took place back on Mar 21 ’24, which means that Townsell Donna is holding 215,854 shares at $540,041 based on the most recent closing price.
Stock Fundamentals for HOMB
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.92 for the gross margin
The net margin for Home Bancshares Inc stands at 0.33. The total capital return value is set at -0.0. Equity return is now at value 10.48, with 1.72 for asset returns.
Based on Home Bancshares Inc (HOMB), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is -0.35.
Currently, EBITDA for the company is 9.69 million with net debt to EBITDA at 2.06. When we switch over and look at the enterprise to sales, we see a ratio of 4.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.31.
Conclusion
In a nutshell, Home Bancshares Inc (HOMB) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
