Thrivent Financial for Lutherans Sells 5,299 Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Thrivent Financial for Lutherans reduced its holdings in HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 7.6% in the second quarter, HoldingsChannel reports. The firm owned 64,880 shares of the financial services provider’s stock after selling 5,299 shares during the period. Thrivent Financial for Lutherans’ holdings in HomeTrust Bancshares were worth $1,949,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new stake in shares of HomeTrust Bancshares during the first quarter valued at approximately $323,000. BNP Paribas Financial Markets increased its holdings in shares of HomeTrust Bancshares by 21.8% during the fourth quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 2,764 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of HomeTrust Bancshares by 2.0% during the second quarter. Rhumbline Advisers now owns 22,647 shares of the financial services provider’s stock valued at $680,000 after acquiring an additional 435 shares in the last quarter. Sierra Summit Advisors LLC bought a new stake in shares of HomeTrust Bancshares during the second quarter valued at approximately $711,000. Finally, Salzhauer Michael increased its holdings in shares of HomeTrust Bancshares by 9.8% during the second quarter. Salzhauer Michael now owns 25,374 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 2,260 shares in the last quarter. 60.94% of the stock is currently owned by institutional investors.

HomeTrust Bancshares Trading Down 3.5 %

Shares of HomeTrust Bancshares stock opened at $32.90 on Wednesday. The stock has a fifty day simple moving average of $34.41 and a 200 day simple moving average of $30.02. HomeTrust Bancshares, Inc. has a 12-month low of $19.37 and a 12-month high of $36.79. The company has a market capitalization of $573.94 million, a P/E ratio of 9.54 and a beta of 0.82. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.72.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. HomeTrust Bancshares had a return on equity of 11.04% and a net margin of 19.42%. The business had revenue of $73.53 million for the quarter, compared to analysts’ expectations of $48.06 million. On average, sell-side analysts anticipate that HomeTrust Bancshares, Inc. will post 3.19 earnings per share for the current fiscal year.

HomeTrust Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $0.11 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.44 annualized dividend and a yield of 1.34%. HomeTrust Bancshares’s dividend payout ratio is currently 12.75%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HTBI shares. Hovde Group started coverage on HomeTrust Bancshares in a report on Wednesday, July 31st. They set an “outperform” rating and a $42.00 price objective for the company. Keefe, Bruyette & Woods boosted their price objective on HomeTrust Bancshares from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $34.50.

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.