Quantinno Capital Management LP Makes New Investment in HomeTrust Bancshares, Inc. $HTB

Quantinno Capital Management LP acquired a new stake in HomeTrust Bancshares, Inc. (NYSE:HTB) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 10,939 shares of the company’s stock, valued at approximately $467,000.

Several other large investors also recently modified their holdings of HTB. CrossGen Wealth LLC acquired a new stake in shares of HomeTrust Bancshares during the 1st quarter worth about $91,000. Sterling Capital Management LLC acquired a new position in HomeTrust Bancshares in the 1st quarter valued at about $105,000. Public Employees Retirement System of Ohio acquired a new position in HomeTrust Bancshares in the 1st quarter valued at about $187,000. Sentinel Trust Co. LBA acquired a new position in HomeTrust Bancshares in the 1st quarter valued at about $267,000. Finally, AMG National Trust Bank bought a new position in HomeTrust Bancshares in the 1st quarter valued at about $288,000. 60.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HTB has been the subject of several research reports. Zacks Research upgraded shares of HomeTrust Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Weiss Ratings raised HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, July 23rd. Stephens increased their target price on HomeTrust Bancshares from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of HomeTrust Bancshares in a research note on Wednesday. Finally, Hovde Group lifted their price target on HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $52.00.

HomeTrust Bancshares Trading Down 0.1%

Shares of HomeTrust Bancshares stock opened at $46.68 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.11. The firm has a 50-day moving average of $49.16 and a 200-day moving average of $46.16. HomeTrust Bancshares, Inc. has a 52-week low of $38.30 and a 52-week high of $52.50. The stock has a market cap of $779.09 million, a PE ratio of 12.25 and a beta of 0.81.

HomeTrust Bancshares (NYSE:HTB) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. HomeTrust Bancshares had a net margin of 22.50% and a return on equity of 10.88%. The business had revenue of $54.54 million for the quarter, compared to analyst estimates of $53.22 million. As a group, sell-side analysts forecast that HomeTrust Bancshares, Inc. will post 3.7 EPS for the current year.

HomeTrust Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 13th. HomeTrust Bancshares’s dividend payout ratio is presently 15.75%.

Insider Activity at HomeTrust Bancshares

In other news, Director Laura C. Kendall sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $51.13, for a total transaction of $511,300.00. Following the transaction, the director directly owned 24,229 shares of the company’s stock, valued at approximately $1,238,828.77. This trade represents a 29.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kristin Y. Powell sold 1,000 shares of HomeTrust Bancshares stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $46.78, for a total transaction of $46,780.00. Following the completion of the sale, the executive vice president owned 21,595 shares of the company’s stock, valued at approximately $1,010,214.10. The trade was a 4.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.02% of the stock is currently owned by company insiders.

HomeTrust Bancshares Profile

HomeTrust Bancshares, Inc is the bank holding company for HomeTrust Bank, a regional community bank that provides a range of commercial and consumer banking services. Through its subsidiary bank, the company offers traditional deposit and lending products, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lending, and business loans. HomeTrust also delivers treasury management and payment services for small and midsize businesses, along with digital banking tools to support day-to-day account access and payments.

The company’s product set extends beyond core banking to include wealth management and trust services, commercial real estate financing, and specialized lending for agriculture and construction where relevant to local markets.