Hennessy Advisors Inc. Has $2.60 Million Stock Position in HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Hennessy Advisors Inc. lifted its holdings in shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 26.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,000 shares of the financial services provider’s stock after purchasing an additional 20,000 shares during the quarter. Hennessy Advisors Inc. owned 0.54% of HomeTrust Bancshares worth $2,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HTBI. Los Angeles Capital Management LLC raised its holdings in HomeTrust Bancshares by 8.2% in the 1st quarter. Los Angeles Capital Management LLC now owns 42,438 shares of the financial services provider’s stock valued at $1,160,000 after buying an additional 3,210 shares during the last quarter. BHZ Capital Management LP boosted its holdings in HomeTrust Bancshares by 43.9% in the fourth quarter. BHZ Capital Management LP now owns 59,477 shares of the financial services provider’s stock valued at $1,601,000 after acquiring an additional 18,156 shares during the last quarter. AMG National Trust Bank boosted its holdings in HomeTrust Bancshares by 237.3% in the fourth quarter. AMG National Trust Bank now owns 239,469 shares of the financial services provider’s stock valued at $6,447,000 after acquiring an additional 168,469 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in HomeTrust Bancshares by 21.8% in the fourth quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 2,764 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in HomeTrust Bancshares by 23.0% in the fourth quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 1,390 shares in the last quarter. Institutional investors own 60.94% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $30.00.

HomeTrust Bancshares Stock Performance

HTBI stock traded up $0.60 during mid-day trading on Friday, hitting $29.41. The company had a trading volume of 39,303 shares, compared to its average volume of 32,858. The stock’s fifty day moving average price is $27.51 and its two-hundred day moving average price is $26.64. HomeTrust Bancshares, Inc. has a 12 month low of $19.37 and a 12 month high of $30.99. The firm has a market cap of $512.91 million, a PE ratio of 8.35 and a beta of 0.80. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.12.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.18. HomeTrust Bancshares had a return on equity of 11.86% and a net margin of 20.87%. The firm had revenue of $50.04 million for the quarter, compared to analysts’ expectations of $47.66 million.

HomeTrust Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.50%. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 12.75%.

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.