Wellington Management Group LLP Acquires 110,180 Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Wellington Management Group LLP raised its holdings in shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 44.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 359,138 shares of the financial services provider’s stock after buying an additional 110,180 shares during the quarter. Wellington Management Group LLP’s holdings in HomeTrust Bancshares were worth $12,239,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in HomeTrust Bancshares by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 673,365 shares of the financial services provider’s stock valued at $20,220,000 after acquiring an additional 30,891 shares in the last quarter. State Street Corp raised its holdings in shares of HomeTrust Bancshares by 0.4% in the 3rd quarter. State Street Corp now owns 365,453 shares of the financial services provider’s stock worth $12,455,000 after buying an additional 1,428 shares in the last quarter. American Century Companies Inc. boosted its stake in HomeTrust Bancshares by 20.1% in the 2nd quarter. American Century Companies Inc. now owns 239,722 shares of the financial services provider’s stock valued at $7,199,000 after buying an additional 40,201 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 73,013 shares during the period. Finally, Foundry Partners LLC raised its stake in HomeTrust Bancshares by 18.8% during the third quarter. Foundry Partners LLC now owns 105,955 shares of the financial services provider’s stock worth $3,611,000 after acquiring an additional 16,775 shares in the last quarter. 60.94% of the stock is owned by institutional investors.

HomeTrust Bancshares Price Performance

Shares of HTBI stock opened at $36.62 on Friday. HomeTrust Bancshares, Inc. has a 52 week low of $23.55 and a 52 week high of $38.99. The stock has a market capitalization of $641.95 million, a PE ratio of 11.59 and a beta of 0.84. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.11. The stock’s fifty day moving average is $35.56 and its 200-day moving average is $33.39.

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

HomeTrust Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.12 per share. This is a boost from HomeTrust Bancshares’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, November 14th. HomeTrust Bancshares’s dividend payout ratio is 15.19%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of HomeTrust Bancshares from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Raymond James cut shares of HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th.

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.