BlackRock Fund Advisors has recently announced that it has increased stake in Home Bancshares Inc. (Conway AR) (NYSE:HOMB) by 0.18%. After grabbing 20.93 million shares, the institutional investor is now in possession of 37197.0 shares of the Financial Company. The new investment brought the stake of investor firm to 10.28% having worth around $455.63 million. Moreover, T. Rowe Price Investment Manageme increased its share by 1.47 million to have a control over 11.13 million shares. And American Century Investment Manag raised its holdings to 0.62 million shares by acquiring 5.33 million shares or 2.62% of the stake.
Home Bancshares Inc. (Conway AR) (HOMB) concluded trading on 05/25/23 at a closing price of $21.86, with 1.17 million shares of worth about $25.52 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.15% during that period and on Thursday the price saw a gain of about 1.72%. Currently the company’s common shares owned by public are about 203.46M shares, out of which, 189.65M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the HOMB stock and their offered price forecasts bring an average price target of $25.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $27.00 and could fall to a lowest price of $25.00. The stock’s current price level is 14.27% above of average price target set by the analysts, while a rise to estimated low would result in gain of 12.56% for the stock. However, touching the estimated high of $27.00 would mean a gain of 19.04% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 66 times over the past 12 months. They bought 478,961 shares in 30 of the transactions. In 36 selling transactions, insiders dumped 567,121 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Home Bancshares Inc. (Conway AR) iShares Core S&P Mid Cap ETF is currently holding 5.9 million shares of worth totaling $128.53 million. The company recently came buying 20034.0 shares which brought its stake up to 2.90% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 1681.0 shares, after which its hold over company’s outstanding shares expand to 2.79%, leaving 5.68 million shares with the mutual fund that have a worth of about $123.72 million. Vanguard Small Cap Index Fund, after selling 4.79 million shares, have now control over 2.35% of the stake in the company. It holds 1170.0 shares of worth $104.27 million.
Home Bancshares Inc. (Conway AR) (NYSE: HOMB) started trading at $21.25, below -$0.24 from concluding price of the previous day. However, the stock later moved at a day high price of 21.96, or with a gain of 1.72%. Stock saw a price change of 0.18% in past 5 days and over the past one month there was a price change of 3.55%. Year-to-date (YTD), HOMB shares are showing a performance of -4.08% which increased to 1.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.77 but also hit the highest price of $26.20 during that period. The average intraday trading volume for Home Bancshares Inc. (Conway AR) shares is 1.37 million. The stock is currently trading 4.31% above its 20-day simple moving average (SMA20), while that difference is up 2.72% for SMA50 and it goes to -5.88% lower than SMA200.
BlackRock Fund Advisors acquired 20.93 million shares of Home Bancshares Inc. (Conway AR) having value of about $455.63 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 37197.0 shares in the company valued at close to $813126.42, or have control over 0.18% stake in the company. Home Bancshares Inc. (Conway AR) (NYSE: HOMB) currently have 203.46M outstanding shares and institutions hold larger chunk of about 62.10% of that. Holding of mutual funds in the company is about 25.38% while other institutional holders and individual stake holders have control over 39.82% and 10.31% of the stake respectively.
The stock has a current market capitalization of $4.53B and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 13.01, while it has posted earnings per share of $1.68 in the same period. Its PEG reads 2.60 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HOMB, volatility over the week remained 3.59% while standing at 3.59% over the month.
Analysts are in expectations that Home Bancshares Inc. (Conway AR) (HOMB) stock would likely to be making an EPS of $0.51 in the current quarter, while forecast for next quarter EPS is $0.5 and it is $2.02 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.5 which is $0.52 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -19.10% while it is estimated to decrease by -0.54% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 6.50% made by the stock over the past 5-years.
Analysts at 7 brokerage firms have issued recommendations for the Home Bancshares Inc. (Conway AR) (HOMB)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.10. Out of those 7 Wall Street analysts, 4 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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