Florida's influx of rich residents is killing the middle class and housing market [Fortune]
Home BancShares, Inc. (HOMB)
Last home bancshares, inc. earnings: 4/16 08:15 am
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Source: Fortune
allowed for the working class, like teachers, nurses, and hospitality workers, to build a comfortable, middle-class lifestyle. Recommended Video But times are changing. The pandemic ushered in a massive wave of wealthy transplants, forcing home prices higher and making the Sunshine State one of the biggest losers in today's housing market Florida gained more wealth from high-earning transplants than any other state in 2023, according to Internal Revenue Service data. The Sunshine State gained $20.65 billion in annual adjusted gross income from tax filers who moved there from another U.S. state, a Realtor.com analysis published March 27 shows. The average income of people who moved to Florida from another state was $122,530, the highest among all U.S. states, according to Gay Cororaton, chief economist for the Miami Realtors. “This wealth migration has been the primary factor driving up prices, with prices continuing to climb due to strong demand, even when mortgage rates sta
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HOMB
News
- Home BancShares declares $0.21 dividend [Seeking Alpha]Seeking Alpha
- Home BancShares, Inc. Announces Second Quarter DividendGlobeNewswire
- Home BancShares (HOMB) had its price target lowered by Keefe, Bruyette & Woods from $32.00 to $30.00. They now have a "market perform" rating on the stock.MarketBeat
- Home BancShares (HOMB) Valuation Check After Q1 2026 Earnings Match And Revenue Miss [Yahoo! Finance]Yahoo! Finance
- Home BancShares Posts 'Stable' Q1 With Strong Profitability Despite Headwinds, RBC Says [Yahoo! Finance]Yahoo! Finance
HOMB
Earnings
- 4/15/26 - In-Line
HOMB
Sec Filings
- 3/5/26 - Form 425
- 3/5/26 - Form ARS
- 3/2/26 - Form 425
- HOMB's page on the SEC website