Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Bought by United Services Automobile Association

United Services Automobile Association lifted its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 6.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,523 shares of the financial services provider’s stock after buying an additional 774 shares during the period. United Services Automobile Association’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $354,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock valued at $2,326,000 after purchasing an additional 481 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 236.7% during the 3rd quarter. Intech Investment Management LLC now owns 34,160 shares of the financial services provider’s stock valued at $925,000 after acquiring an additional 24,014 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock worth $55,430,000 after acquiring an additional 134,741 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 12.2% in the 3rd quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider’s stock worth $7,831,000 after acquiring an additional 31,493 shares during the last quarter. Finally, Algert Global LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 325.1% during the third quarter. Algert Global LLC now owns 81,815 shares of the financial services provider’s stock worth $2,216,000 after purchasing an additional 62,570 shares during the period. Institutional investors own 67.31% of the company’s stock.

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

Shares of HOMB opened at $28.70 on Tuesday. The business’s 50-day moving average is $29.57 and its 200-day moving average is $28.86. 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 company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 14.21 and a beta of 1.08. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 EPS. Equities research analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were paid 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 2.72%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 38.61%.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of the transaction, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HOMB shares. Hovde Group decreased their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Keefe, Bruyette & Woods raised 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 report on Wednesday, December 4th. Finally, Stephens restated an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Moderate Buy” and an average target price of $32.00.

About Home Bancshares, Inc. (Conway, AR)

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.