Gutierrez Wealth Advisory LLC Acquires 13,632 Shares of Home BancShares, Inc. $HOMB

Key Points

• Gutierrez Wealth Advisory LLC increased its holdings in Home BancShares by 66.4% during the 2nd quarter, now owning 34,147 shares worth approximately $972,000.
• Analysts have mixed ratings on Home BancShares, with an average target price of $33.00 and a consensus rating of "Moderate Buy."
• Home BancShares recently announced a quarterly dividend of $0.20 per share, yielding 2.8%, following a net margin of 29.58% in their latest earnings report.

Gutierrez Wealth Advisory LLC grew its holdings in Home BancShares, Inc. (NYSE:HOMB - Free Report) by 66.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,147 shares of the financial services provider's stock after purchasing an additional 13,632 shares during the quarter. Home BancShares makes up 0.7% of Gutierrez Wealth Advisory LLC's portfolio, making the stock its 22nd biggest position. Gutierrez Wealth Advisory LLC's holdings in Home BancShares were worth $972,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Home BancShares in the 1st quarter valued at about $39,000. Summit Securities Group LLC bought a new stake in shares of Home BancShares in the 1st quarter valued at about $64,000. GAMMA Investing LLC raised its holdings in shares of Home BancShares by 60.8% in the 1st quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 995 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Home BancShares by 32.4% in the 1st quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 647 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Home BancShares by 60.5% in the 1st quarter. Fifth Third Bancorp now owns 3,468 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 1,307 shares in the last quarter. Institutional investors own 67.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a research report on Monday, July 21st. Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a research report on Saturday. Cantor Fitzgerald assumed coverage on shares of Home BancShares in a research report on Wednesday, September 10th. They issued a "neutral" rating and a $32.00 price objective on the stock. Piper Sandler lifted their price objective on shares of Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Home BancShares in a research report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Home BancShares has an average rating of "Moderate Buy" and an average target price of $33.00.

Home BancShares Stock Up 0.4%

NYSE:HOMB opened at $28.12 on Friday. The company has a market cap of $5.54 billion, a PE ratio of 12.84 and a beta of 0.78. Home BancShares, Inc. has a twelve month low of $24.22 and a twelve month high of $32.90. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company's 50 day moving average is $28.87 and its two-hundred day moving average is $28.38.

Home BancShares (NYSE:HOMB - Get Free Report) last released its earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $271.03 million for the quarter, compared to the consensus estimate of $262.56 million. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. Home BancShares's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. Analysts anticipate that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 13th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, August 13th. Home BancShares's dividend payout ratio is 36.53%.

Insider Activity at Home BancShares

In other news, CEO John W. Allison sold 110,000 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total value of $3,302,200.00. Following the sale, the chief executive officer directly owned 5,540,776 shares of the company's stock, valued at $166,334,095.52. This represents a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.30% of the stock is owned by company insiders.

Home BancShares 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.

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