Recent extremely meaningful positive changes in investment behavior have benefitted Home Bancshares Inc (NYSE: HOMB): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Home Bancshares Inc (NYSE: HOMB) has recently enjoyed marginal positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HOMB is expected to continue to be a Value Builder.
Home Bancshares has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Home Bancshares has a slightly positive Appreciation Score of 65 and a good Power Rating of 71, leading to the Positive Value Trend Rating.
Recent Price Action
Home Bancshares Inc (NYSE: HOMB) stock declined slightly by -0.4% on 4/26/24. The stock closed at $24.42. However, this decline was accompanied by below average trading volume at 71% of normal. The stock has performed in line with the market over the last nine months and has risen 5.2% during the last week.
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