Hennessy Advisors Inc. Lowers Position in HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Hennessy Advisors Inc. trimmed its position in shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 20.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,000 shares of the financial services provider’s stock after selling 21,000 shares during the quarter. Hennessy Advisors Inc. owned 0.47% of HomeTrust Bancshares worth $2,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in HomeTrust Bancshares by 20.0% during the third quarter. JPMorgan Chase & Co. now owns 95,559 shares of the financial services provider’s stock worth $3,257,000 after purchasing an additional 15,916 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of HomeTrust Bancshares by 8.8% in the 3rd quarter. Franklin Resources Inc. now owns 15,871 shares of the financial services provider’s stock worth $542,000 after buying an additional 1,281 shares during the last quarter. Barclays PLC grew its holdings in shares of HomeTrust Bancshares by 32.9% in the third quarter. Barclays PLC now owns 58,609 shares of the financial services provider’s stock valued at $1,997,000 after acquiring an additional 14,524 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of HomeTrust Bancshares during the third quarter valued at approximately $257,000. Finally, Wellington Management Group LLP lifted its holdings in HomeTrust Bancshares by 44.3% during the third quarter. Wellington Management Group LLP now owns 359,138 shares of the financial services provider’s stock worth $12,239,000 after acquiring an additional 110,180 shares during the period. Institutional investors own 60.94% of the company’s stock.

HomeTrust Bancshares Stock Performance

Shares of HTBI opened at $34.23 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.06. The firm has a market cap of $600.05 million, a PE ratio of 10.83 and a beta of 0.86. HomeTrust Bancshares, Inc. has a 1 year low of $23.55 and a 1 year high of $38.99. The stock’s fifty day moving average price is $35.49 and its two-hundred day moving average price is $34.34.

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

HomeTrust Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from HomeTrust Bancshares’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.40%. HomeTrust Bancshares’s dividend payout ratio (DPR) is 15.19%.

Analyst Ratings Changes

Several brokerages have recently issued reports on HTBI. Raymond James lowered HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods lifted their price objective on shares of HomeTrust Bancshares from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th.

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.