HOMB Stock Summary and Trading Ideas (Home Bancshares | NYSE:HOMB)

Home BancShares Inc is a bank holding company that operates through its wholly owned community bank subsidiary, Centennial Bank. The bank provides a broad range of commercial and retail banking, as well as related financial services, to a diverse customer base. Its customer base includes businesses, real estate developers and investors, individuals, and municipalities. The company's loan portfolio, while diversified, is typically between half and two thirds in commercial real estate loans. The company's plan emphasizes growth, both through strategic acquisitions and organically within its existing markets. The bank also emphasizes attracting experienced bankers, credit quality, and a solid balance sheet. The bank's main source of net revenue is net interest income.

Home Bancshares trades on the NYSE stock market under the symbol HOMB.

As of April 18, 2024, HOMB stock price climbed to $23.22 with 1,608,592 million shares trading.

HOMB has a beta of 1.29, meaning it tends to be more sensitive to market movements. HOMB has a correlation of 0.33 to the broad based SPY ETF.

HOMB has a market cap of $4.67 billion. This is considered a Mid Cap stock.

Last quarter Home Bancshares reported $246 million in Revenue and $.51 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.06.

In the last 3 years, HOMB stock traded as high as $29.76 and as low as $19.62.

The top ETF exchange traded funds that HOMB belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

HOMB has underperformed the market in the last year with a return of +12.1%, while the SPY ETF gained +22.3%. In the last 3 month period, HOMB fell short of the market, returning +1.3%, while SPY returned +6.1%. However, in the most recent 2 weeks HOMB has outperformed the stock market by returning -1.7%, while SPY returned -3.8%.

HOMB support price is $22.04 and resistance is $22.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HOMB stock will trade within this expected range on the day.