Polaris Capital Management LLC Purchases New Shares in HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Polaris Capital Management LLC acquired a new stake in HomeTrust Bancshares, Inc. (NASDAQ:HTBI) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 120,800 shares of the financial services provider’s stock, valued at approximately $4,069,000. Polaris Capital Management LLC owned about 0.69% of HomeTrust Bancshares at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in HomeTrust Bancshares by 44.3% in the third quarter. Wellington Management Group LLP now owns 359,138 shares of the financial services provider’s stock valued at $12,239,000 after purchasing an additional 110,180 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of HomeTrust Bancshares by 84.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 159,663 shares of the financial services provider’s stock valued at $5,441,000 after purchasing an additional 73,013 shares during the period. Rosenthal Henry Capital Advisors Inc. purchased a new position in HomeTrust Bancshares in the 3rd quarter valued at about $911,000. Foundry Partners LLC increased its holdings in HomeTrust Bancshares by 18.8% during the 3rd quarter. Foundry Partners LLC now owns 105,955 shares of the financial services provider’s stock worth $3,611,000 after purchasing an additional 16,775 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in HomeTrust Bancshares by 20.0% in 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 in the last quarter. Institutional investors and hedge funds own 60.94% of the company’s stock.

HomeTrust Bancshares Price Performance

Shares of HTBI stock opened at $37.38 on Tuesday. HomeTrust Bancshares, Inc. has a one year low of $23.55 and a one year high of $38.99. 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 stock’s fifty day simple moving average is $35.23 and its 200 day simple moving average is $34.86. The firm has a market cap of $655.27 million, a price-to-earnings ratio of 11.68 and a beta of 0.86.

HomeTrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.75 by $0.08. HomeTrust Bancshares had a net margin of 18.57% and a return on equity of 10.43%. On average, analysts expect that HomeTrust Bancshares, Inc. will post 2.98 earnings per share for the current fiscal year.

HomeTrust Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be issued a $0.12 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.28%. HomeTrust Bancshares’s dividend payout ratio (DPR) is currently 15.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Raymond James downgraded HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods boosted their price target 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 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.