Hsbc Holdings PLC Trims Stock Position in HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Hsbc Holdings PLC decreased its position in HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 11.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,410 shares of the financial services provider’s stock after selling 1,818 shares during the period. Hsbc Holdings PLC owned 0.08% of HomeTrust Bancshares worth $426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers lifted its holdings in HomeTrust Bancshares by 2.0% in 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 during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of HomeTrust Bancshares by 0.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 92,272 shares of the financial services provider’s stock worth $2,771,000 after purchasing an additional 528 shares during the period. Salzhauer Michael increased its position in shares of HomeTrust Bancshares by 9.8% during the 2nd quarter. Salzhauer Michael now owns 25,374 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 2,260 shares during the last quarter. BNP Paribas Financial Markets increased its position 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 worth $416,000 after purchasing an additional 2,764 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in HomeTrust Bancshares by 8.2% in the 1st quarter. Los Angeles Capital Management LLC now owns 42,438 shares of the financial services provider’s stock valued at $1,160,000 after buying an additional 3,210 shares during the period. Institutional investors and hedge funds own 60.94% of the company’s stock.

Analysts Set New Price Targets

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

HomeTrust Bancshares Trading Down 3.5 %

NASDAQ HTBI opened at $32.90 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.08 and a current ratio of 1.14. The firm has a market cap of $573.94 million, a price-to-earnings ratio of 9.54 and a beta of 0.82. The firm has a 50 day simple moving average of $34.41 and a 200-day simple moving average of $30.02. HomeTrust Bancshares, Inc. has a one year low of $19.37 and a one year high of $36.79.

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. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.04%. The company had revenue of $73.53 million during the quarter, compared to analysts’ expectations of $48.06 million. Equities research analysts anticipate that HomeTrust Bancshares, Inc. will post 3.19 EPS for the current fiscal year.

HomeTrust Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.34%. The ex-dividend date was Thursday, August 15th. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 12.75%.

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.