United Services Automobile Association Has $354,000 Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

United Services Automobile Association increased its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 6.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,523 shares of the financial services provider’s stock after purchasing an additional 774 shares during the quarter. 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.

Other large investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $40,000. Parkside Financial Bank & Trust bought a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $53,000. UMB Bank n.a. lifted its position 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 Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at about $60,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter valued at about $76,000. Institutional investors own 67.31% of the company’s stock.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HOMB. Stephens reissued an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Keefe, Bruyette & Woods upped their price target on 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, Hovde Group lowered their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Up 2.5 %

Shares of HOMB opened at $28.70 on Tuesday. The stock’s 50-day moving average price is $29.57 and its 200 day moving average price is $28.86. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The firm 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 12-month low of $22.38 and a 12-month 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The firm had revenue of $258.40 million for the quarter, compared to the consensus estimate 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 business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. As a group, research analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 38.61%.

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.