Hennessy Advisors Inc. Trims Stake in HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Hennessy Advisors Inc. lowered its position in HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 20.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,000 shares of the financial services provider’s stock after selling 21,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in HomeTrust Bancshares were worth $2,762,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers increased its stake in HomeTrust Bancshares by 2.0% in the 2nd quarter. Rhumbline Advisers now owns 22,647 shares of the financial services provider’s stock worth $680,000 after acquiring an additional 435 shares during the last quarter. American Century Companies Inc. lifted 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 purchasing an additional 40,201 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in HomeTrust Bancshares by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 673,365 shares of the financial services provider’s stock worth $20,220,000 after buying an additional 30,891 shares in the last quarter. Huber Capital Management LLC increased its holdings in shares of HomeTrust Bancshares by 9.1% in the 2nd quarter. Huber Capital Management LLC now owns 17,742 shares of the financial services provider’s stock worth $533,000 after buying an additional 1,487 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of HomeTrust Bancshares during the 2nd quarter valued at $201,000. Hedge funds and other institutional investors own 60.94% of the company’s stock.

HomeTrust Bancshares Price Performance

Shares of HomeTrust Bancshares stock opened at $34.23 on Friday. 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, Inc. has a 52-week low of $23.55 and a 52-week high of $38.99. The company has a fifty day moving average of $35.49 and a 200-day moving average of $34.34. The stock has a market capitalization of $600.05 million, a price-to-earnings ratio of 10.83 and a beta of 0.86.

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

HomeTrust Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.40%. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, November 14th. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 15.19%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods increased their target price on HomeTrust Bancshares from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Raymond James lowered HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th.

HomeTrust Bancshares Company Profile

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.