Home BancShares (NASDAQ:HOMB) has tumbled 7.65% during the past week and has dropped 2.18% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.54%. Home BancShares (NASDAQ:HOMB) has underperformed the index by 3.07% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Home BancShares (NASDAQ:HOMB): The stock opened at $20.69 on Friday but the bulls could not build on the opening and the stock topped out at $20.92 for the day. The stock traded down to $20.37 during the day, due to lack of any buying support eventually closed down at $20.40 with a loss of -1.45% for the day. The stock had closed at $20.70 on the previous day. The total traded volume was 1,809,252 shares.
The company shares have rallied 10.69% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $23.75 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $21.28 and the 200 Day Moving Average price is recorded at $20.39.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Lieblong Alex R, director of Home Bancshares Inc, had unloaded 25,000 shares at an average price of $21.47 in a transaction dated on June 14, 2016. The total value of the transaction was worth $536,750.
Currently the company Insiders own 15.02% of Home BancShares shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 1.21% . Institutional Investors own 58.64% of Home BancShares shares. During last six month period, the net percent change held by insiders has seen a change of 2.55%.
Home BancShares, Inc. is a bank holding company. The company is primarily 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 wholly owned community bank subsidiary, Centennial Bank (the Bank). The Bank has locations in Arkansas, Florida and South Alabama. The Company provides loans to single and multi-family real estate, residential construction and commercial buildings. In addition, it also makes loans to small and medium-sized commercial businesses, as well as to consumers. Securities held to maturity include any security for which the Company has the positive intent and ability to hold until maturity. It offers a range of deposit services, including checking, savings, money market accounts and certificates of deposit. The Company obtains its deposits from individuals and small businesses and municipalities in its market areas.