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Tuesday, January 31, 2023

Home Bancshares Inc. (Conway AR) (NYSE: HOMB): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Home Bancshares Inc. (Conway AR) (HOMB) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $22.36. The Home Bancshares Inc. (Conway AR) has recorded 38,199 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that HOMB’s Disciplined Strategy Leads to a Beat of Management Expectations Despite Continued West Texas Headwinds.


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Stocks Info

HOMB belongs to the Financial sector of the NYSE while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $22.36 and fluctuated between $22.63 as its day high and $22.26 as its day low. The current market capitalization of Home Bancshares Inc. (Conway AR) is $4.53B. A total of 0.9 million shares were traded on the day, compared to an average of 828.78K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HOMB has seen 5 BUY and 14 SELL insider trades, representing the acquisition of 201,000 and the disposition of 350,875 shares. Over the last 12 months, there were 12 BUYs and 21 SELLs from insiders. Insiders purchased 348,500 shares during that period but sold 407,421.

In the most recent transaction, French Tracy sold 51,367 shares of HOMB for 24.21 per share on Dec 05. After the transaction, the Centennial Bank CEO/President now owns 165,949 company shares. In a previous transaction on Dec 02, Hickman James Pat sold 7,800 shares at 25.50 per share. HOMB shares that Director owns now total 116,100.

Among the insiders who sold shares, Hickman James Pat disposed of 10,900 shares on Dec 01 at a per-share price of $25.50. This resulted in the Director holding 123,900 shares of HOMB after the transaction. In another insider transaction, Hickman James Pat sold 200 shares at $25.51 per share on Nov 25. Company shares held by the Director now total 134,800.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Home Bancshares Inc. (Conway AR) pays an annual dividend of $0.66, resulting in a dividend yield of 2.95%, and it has a price to earnings (P/E) ratio of 14.25.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HOMB in the last 3 months, the mean price target is $26.92 with high estimates of $28.00 and low estimates of $25.00. In terms of 52-week highs and lows, HOMB has a high of $26.20 and a low of $19.83.

As of this writing, HOMB has an earnings estimate of $0.55 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.59 per share and a lower estimate of $0.51. The company reported an EPS of $0.08 in the last quarter, which was -78.90% lower than expectations of $0.38.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HOMB is Overweight with a score of 4.20. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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