Martingale Asset Management L P Sells 10,350 Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Martingale Asset Management L P decreased its holdings in HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 35.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,127 shares of the financial services provider’s stock after selling 10,350 shares during the period. Martingale Asset Management L P’s holdings in HomeTrust Bancshares were worth $652,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HTBI. American Century Companies Inc. boosted its position in HomeTrust Bancshares by 20.1% during the second quarter. American Century Companies Inc. now owns 239,722 shares of the financial services provider’s stock valued at $7,199,000 after buying an additional 40,201 shares during the period. Sierra Summit Advisors LLC bought a new stake in shares of HomeTrust Bancshares in the 2nd quarter valued at about $711,000. Vanguard Group Inc. boosted its holdings in HomeTrust Bancshares by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 867,557 shares of the financial services provider’s stock valued at $23,719,000 after acquiring an additional 5,364 shares during the period. Bank of New York Mellon Corp grew its position in HomeTrust Bancshares by 11.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,363 shares of the financial services provider’s stock worth $2,023,000 after acquiring an additional 6,723 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. purchased a new position in HomeTrust Bancshares in the 3rd quarter worth approximately $911,000. Institutional investors own 60.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Raymond James lowered HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $39.00 price target (up from $38.00) on shares of HomeTrust Bancshares in a report on Tuesday, October 29th.

HomeTrust Bancshares Trading Up 0.5 %

NASDAQ HTBI opened at $37.26 on Tuesday. The stock has a market cap of $653.17 million, a P/E ratio of 11.79 and a beta of 0.81. HomeTrust Bancshares, Inc. has a fifty-two week low of $23.44 and a fifty-two week high of $38.99. The stock has a 50 day simple moving average of $34.92 and a two-hundred day simple moving average of $32.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.11.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.04). The business had revenue of $74.93 million during the quarter, compared to analysts’ expectations of $50.13 million. HomeTrust Bancshares had a return on equity of 10.41% and a net margin of 18.53%. On average, analysts forecast that HomeTrust Bancshares, Inc. will post 3.11 earnings per share for the current year.

HomeTrust Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.12 per share. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.29%. HomeTrust Bancshares’s payout ratio is presently 15.19%.

About HomeTrust Bancshares

HomeTrust Bancshares, Inc operates as the bank holding company for HomeTrust Bank that provides a range of retail and commercial banking products and services. The company’s deposit products include savings, money market, noninterest-bearing, and interest-bearing checking accounts, as well as certificates of deposit for individuals, business, and nonprofit organizations.