Sierra Summit Advisors LLC Buys New Shares in HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Sierra Summit Advisors LLC purchased a new position in HomeTrust Bancshares, Inc. (NASDAQ:HTBI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,692 shares of the financial services provider’s stock, valued at approximately $711,000. Sierra Summit Advisors LLC owned about 0.14% of HomeTrust Bancshares as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. EJF Capital LLC increased its holdings in shares of HomeTrust Bancshares by 185.6% in the first quarter. EJF Capital LLC now owns 116,624 shares of the financial services provider’s stock worth $3,188,000 after buying an additional 75,789 shares during the period. American Century Companies Inc. increased 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 worth $7,199,000 after purchasing an additional 40,201 shares during the period. Dimensional Fund Advisors LP lifted its position in HomeTrust Bancshares by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 673,365 shares of the financial services provider’s stock valued at $20,220,000 after purchasing an additional 30,891 shares during the last quarter. Hennessy Advisors Inc. lifted its position in HomeTrust Bancshares by 26.7% in the first quarter. Hennessy Advisors Inc. now owns 95,000 shares of the financial services provider’s stock valued at $2,597,000 after purchasing an additional 20,000 shares during the last quarter. Finally, BHZ Capital Management LP grew its holdings in shares of HomeTrust Bancshares by 43.9% in the fourth quarter. BHZ Capital Management LP now owns 59,477 shares of the financial services provider’s stock worth $1,601,000 after purchasing an additional 18,156 shares during the last quarter. 60.94% of the stock is currently owned by hedge funds and other institutional investors.

HomeTrust Bancshares Price Performance

Shares of NASDAQ HTBI opened at $35.29 on Monday. HomeTrust Bancshares, Inc. has a 1 year low of $19.37 and a 1 year high of $36.53. The stock has a market capitalization of $617.58 million, a P/E ratio of 10.23 and a beta of 0.82. The company’s 50-day moving average is $33.85 and its 200 day moving average is $29.31. 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 posted its earnings results on Wednesday, July 24th. The financial services provider reported $0.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.73. HomeTrust Bancshares had a return on equity of 11.04% and a net margin of 19.42%. The firm had revenue of $73.53 million for the quarter, compared to the consensus estimate of $48.06 million. On average, sell-side analysts expect that HomeTrust Bancshares, Inc. will post 3.19 earnings per share for the current year.

HomeTrust Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Thursday, August 15th. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 12.75%.

Wall Street Analyst Weigh In

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

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.