Charles Schwab Investment Management Inc. Acquires 73,013 Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Charles Schwab Investment Management Inc. raised its holdings in HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 84.3% during the third quarter, Holdings Channel reports. The institutional investor owned 159,663 shares of the financial services provider’s stock after buying an additional 73,013 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in HomeTrust Bancshares were worth $5,441,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Foundry Partners LLC lifted its stake 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 valued at $3,611,000 after acquiring an additional 16,775 shares in the last quarter. Princeton Capital Management LLC bought a new stake in HomeTrust Bancshares in the 3rd quarter worth about $222,000. Rosenthal Henry Capital Advisors Inc. purchased a new stake in HomeTrust Bancshares in the 3rd quarter valued at about $911,000. Creative Planning bought a new position in shares of HomeTrust Bancshares during the 3rd quarter worth approximately $266,000. Finally, SG Americas Securities LLC purchased a new position in shares of HomeTrust Bancshares in the 3rd quarter worth approximately $326,000. 60.94% of the stock is currently owned by institutional investors and hedge funds.

HomeTrust Bancshares Stock Down 1.5 %

Shares of HTBI opened at $37.11 on Friday. The firm has a market cap of $650.54 million, a P/E ratio of 11.74 and a beta of 0.84. HomeTrust Bancshares, Inc. has a 1 year low of $23.55 and a 1 year high of $38.99. The stock has a 50 day simple moving average of $35.47 and a two-hundred day simple moving average of $33.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.06.

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

HomeTrust Bancshares Increases Dividend

The business also recently declared 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 was Thursday, November 14th. This represents a $0.48 annualized dividend and a yield of 1.29%. This is a boost from HomeTrust Bancshares’s previous quarterly dividend of $0.11. HomeTrust Bancshares’s payout ratio is 15.19%.

Wall Street Analysts Forecast Growth

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

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.