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

Gutierrez Wealth Advisory LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,455 shares of the financial services provider's stock, valued at approximately $579,000. Home Bancshares, Inc. (Conway, AR) makes up 0.5% of Gutierrez Wealth Advisory LLC's investment portfolio, making the stock its 19th biggest position.

Several other institutional investors have also recently bought and sold shares of HOMB. Trust Co. of Vermont purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $40,000. Parkside Financial Bank & Trust bought a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $53,000. UMB Bank n.a. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 63.6% during the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock worth $57,000 after acquiring an additional 777 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $60,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth $76,000. Institutional investors and hedge funds own 67.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Hovde Group dropped their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Finally, Stephens restated an "overweight" rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.00.

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Insider Activity at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Tuesday, January 21st. The stock was purchased at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the purchase, the chief executive officer now directly owns 5,693,182 shares of the company's stock, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 6.30% of the stock is currently owned by company insiders.

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

Shares of HOMB stock traded down $0.16 during trading hours on Tuesday, hitting $28.50. 966,866 shares of the company were exchanged, compared to its average volume of 948,860. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 14.11 and a beta of 1.08. The firm has a fifty day simple moving average of $29.57 and a 200 day simple moving average of $28.86. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. Research analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 38.61%.

Home Bancshares, Inc. (Conway, AR) Company 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.