The stock of Home Bancshares Inc (NASDAQ:HOMB) hit a new 52-week high and has $39.14 target or 49.00% above today’s $26.27 share price. The 6 months bullish chart indicates low risk for the $3.76 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $39.14 price target is reached, the company will be worth $1.84B 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 158,881 shares traded hands. Home Bancshares Inc (NASDAQ:HOMB) has risen 22.38% since April 19, 2016 and is uptrending. It has outperformed by 18.52% 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. On Friday, November 13 the stock rating was initiated by Merion Capital with “Neutral”. Sandler O’Neill downgraded Home Bancshares Inc (NASDAQ:HOMB) on Tuesday, September 13 to “Hold” rating. The rating was upgraded by Merion Capital Group on Friday, January 22 to “Outperform”. The firm earned “Outperform” rating on Friday, August 21 by Wood. The stock has “Buy” rating given by Sandler O’Neill on Friday, January 8. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, January 22 report. As per Thursday, August 27, the company rating was maintained by Wood. The firm has “Buy” rating given on Tuesday, August 25 by Wood. The stock of Home Bancshares Inc (NASDAQ:HOMB) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Thursday, November 10. The firm has “Sector Perform” rating given on Friday, October 16 by RBC Capital Markets.
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 improved, 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.
Geode Cap Mgmt Lc owns 878,988 shares or 0.01% of their US portfolio. Ameriprise holds 0.01% or 591,295 shares in its portfolio. The New York-based State Common Retirement Fund has invested 0.01% in Home Bancshares Inc (NASDAQ:HOMB). Swiss Savings Bank last reported 207,880 shares in the company. Cap Impact Advsrs Lc holds 46,412 shares or 0.43% of its portfolio. Mckinley Capital Mgmt Ltd Liability Delaware has 240 shares for 0% of their US portfolio. Copeland Ltd Liability Corp owns 1.01M shares or 1.37% of their US portfolio. Guggenheim Limited Liability Corporation last reported 126,870 shares in the company. Dana Inv Advsrs reported 171,351 shares or 0.15% of all its holdings. Aperio Gru Ltd Limited Liability Company accumulated 22,259 shares or 0% of the stock. Moreover, Sabal Tru Commerce has 0.14% invested in Home Bancshares Inc (NASDAQ:HOMB) for 62,656 shares. Moreover, Fifth Third National Bank & Trust has 0.01% invested in Home Bancshares Inc (NASDAQ:HOMB) for 36,646 shares. Dimensional Fund Advsrs Limited Partnership holds 3.19M shares or 0.04% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 3,962 shares or 0% of the stock. Metropolitan Life Ins Company Ny holds 87,340 shares or 0.01% of its portfolio.
Insider Transactions: Since June 14, 2016, the stock had 0 insider buys, and 10 selling transactions for $15.72 million net activity. On Tuesday, August 30 LIEBLONG ALEX R sold $575,295 worth of the stock or 25,000 shares. 21,319 shares with value of $528,362 were sold by Engelkes Jack on Thursday, November 10. On Friday, September 2 French Tracy sold $2.24M worth of the stock or 96,000 shares. Shares for $1.48 million were sold by Sims Randall. On Thursday, August 11 Ashley Richard H sold $9.42M worth of the stock or 440,000 shares. The insider Davis Brian sold 14,888 shares worth $344,684. 8,000 shares were sold by Carter Russell Davis III, worth $169,745.
More important 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 Globenewswire.com published article titled: “Home BancShares, Inc. and Giant Holdings, Inc. Announce Signing of Definitive …”, Finance.Yahoo.com published: “Home BancShares, Inc. Announces a 20% Increase in Fourth Quarter Cash Dividend” on October 26, 2016. More interesting news about Home Bancshares Inc (NASDAQ:HOMB) was released by: Streetinsider.com and their article: “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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