United Services Automobile Association Acquires 4,429 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

United Services Automobile Association boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Rating) by 27.5% during the 3rd quarter, Holdings Channel reports. The fund owned 20,539 shares of the financial services provider’s stock after buying an additional 4,429 shares during the period. United Services Automobile Association’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $463,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SNC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 26.5% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 87,341 shares of the financial services provider’s stock worth $1,966,000 after acquiring an additional 18,286 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at about $751,000. State Street Corp boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 6.3% in the 3rd quarter. State Street Corp now owns 8,794,022 shares of the financial services provider’s stock valued at $197,953,000 after buying an additional 521,232 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 50,475 shares of the financial services provider’s stock valued at $1,136,000 after buying an additional 841 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 20,900,440 shares of the financial services provider’s stock valued at $470,469,000 after buying an additional 252,844 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.1 %

NYSE HOMB opened at $21.88 on Wednesday. Home Bancshares, Inc. has a 1 year low of $19.83 and a 1 year high of $26.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $4.45 billion, a PE ratio of 13.85 and a beta of 1.18. The company has a fifty day moving average of $23.46 and a 200 day moving average of $23.78.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Rating) last posted its earnings results on Thursday, January 19th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Home Bancshares, Inc. (Conway, AR) had a return on equity of 11.03% and a net margin of 29.01%. The firm had revenue of $272.33 million for the quarter, compared to analysts’ expectations of $260.70 million. Research analysts forecast that Home Bancshares, Inc. will post 1.92 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 8th. Stockholders of record on Wednesday, February 15th were paid a dividend of $0.18 per share. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Tuesday, February 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 45.57%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods cut shares of Home Bancshares, Inc. (Conway, AR) from an “outperform” rating to a “market perform” rating and set a $28.00 price target on the stock. in a report on Monday, December 12th.

About Home Bancshares, Inc. (Conway, AR)

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Home Bancshares, Inc is a bank holding company, which engages in providing commercial and retail banking and related financial services. It offers its services to businesses, real estate developers and investors, individuals, and municipalities. The company was founded by John W. Allison and Robert H.