Is Home Bancshares Inc (HOMB) Stock About to Get Hot Friday?

Overall market sentiment has been high on Home Bancshares Inc (HOMB) stock lately. HOMB receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Home Bancshares Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HOMB!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With HOMB Stock Today?

Home Bancshares Inc (HOMB) stock is down -0.41% while the S&P 500 is higher by 0.6% as of 1:50 PM on Friday, Aug 4. HOMB has fallen -$0.10 from the previous closing price of $24.55 on volume of 384,940 shares. Over the past year the S&P 500 is higher by 8.99% while HOMB is higher by 3.08%. HOMB earned $1.98 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.67.

More About Home Bancshares Inc

Home BancShares Inc is a bank holding company that primarily 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 strategy emphasizes growth, both through strategic acquisitions and organically within its existing markets. The bank also emphasizes attracting experienced bankers, strong credit quality, and a solid balance sheet. The bank's main source of net revenue is net interest income. Click Here to get the full Stock Report for Home Bancshares Inc stock.