Gutierrez Wealth Advisory LLC Invests $579,000 in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Gutierrez Wealth Advisory LLC bought a new position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 20,455 shares of the financial services provider’s stock, valued at approximately $579,000. Home Bancshares, Inc. (Conway, AR) makes up approximately 0.5% of Gutierrez Wealth Advisory LLC’s portfolio, making the stock its 19th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock worth $1,979,000 after buying an additional 374 shares during the last quarter. Everhart Financial Group Inc. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.1% in the 4th quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider’s stock worth $568,000 after buying an additional 409 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock worth $2,326,000 after buying an additional 481 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider’s stock valued at $783,000 after purchasing an additional 540 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 5.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 554 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

Insider Buying and Selling

In related news, CEO John W. Allison bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, with a total value of $307,600.00. Following the acquisition, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.66% of the stock is owned by insiders.

Analyst Ratings Changes

HOMB has been the topic of several recent analyst reports. Hovde Group cut their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Stephens reiterated an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods increased their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Home Bancshares, Inc. (Conway, AR) Stock Performance

HOMB stock opened at $28.12 on Friday. The company has a market cap of $5.58 billion, a P/E ratio of 13.92 and a beta of 1.08. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The stock’s fifty day moving average price is $29.53 and its 200-day moving average price is $28.83.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The firm had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. On average, equities analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

Home Bancshares, Inc. (Conway, AR) Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a $0.195 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 2.77%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

Home Bancshares, Inc. (Conway, AR) Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.