Bank of New York Mellon Corp Buys 6,723 Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Bank of New York Mellon Corp grew its stake in shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 11.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,363 shares of the financial services provider’s stock after acquiring an additional 6,723 shares during the quarter. Bank of New York Mellon Corp’s holdings in HomeTrust Bancshares were worth $2,023,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of HomeTrust Bancshares by 0.6% during the first quarter. Vanguard Group Inc. now owns 867,557 shares of the financial services provider’s stock valued at $23,719,000 after buying an additional 5,364 shares during the last quarter. Quadrature Capital Ltd purchased a new position in HomeTrust Bancshares in the 1st quarter worth about $323,000. Hennessy Advisors Inc. lifted its stake in HomeTrust Bancshares by 10.5% during the 2nd quarter. Hennessy Advisors Inc. now owns 105,000 shares of the financial services provider’s stock valued at $3,153,000 after acquiring an additional 10,000 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of HomeTrust Bancshares by 21.8% during the 4th 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 during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of HomeTrust Bancshares by 8.2% in the first quarter. Los Angeles Capital Management LLC now owns 42,438 shares of the financial services provider’s stock worth $1,160,000 after acquiring an additional 3,210 shares during the period. Hedge funds and other institutional investors own 60.94% of the company’s stock.

HomeTrust Bancshares Trading Up 0.7 %

Shares of NASDAQ HTBI opened at $35.74 on Wednesday. The stock has a market capitalization of $623.48 million, a P/E ratio of 10.36 and a beta of 0.82. HomeTrust Bancshares, Inc. has a 1-year low of $19.37 and a 1-year high of $36.53. The business’s 50 day moving average is $34.11 and its two-hundred day moving average is $29.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.14 and a quick ratio of 1.08.

HomeTrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.73 EPS for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $73.53 million for the quarter, compared to the consensus estimate of $48.06 million. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.04%. As a group, research analysts expect that HomeTrust Bancshares, Inc. will post 3.19 EPS for the current year.

HomeTrust Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.44 annualized dividend and a yield of 1.23%. HomeTrust Bancshares’s dividend payout ratio (DPR) is currently 12.75%.

Analysts Set New Price Targets

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

HomeTrust Bancshares Company 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.