Salzhauer Michael Acquires 2,260 Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Salzhauer Michael lifted its holdings in shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,374 shares of the financial services provider’s stock after buying an additional 2,260 shares during the quarter. Salzhauer Michael owned about 0.15% of HomeTrust Bancshares worth $762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HTBI. Sierra Summit Advisors LLC acquired a new stake in HomeTrust Bancshares during the 2nd quarter worth $711,000. Dimensional Fund Advisors LP grew its stake in shares of HomeTrust Bancshares by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 673,365 shares of the financial services provider’s stock worth $20,220,000 after purchasing an additional 30,891 shares during the period. American Century Companies Inc. increased its holdings in HomeTrust Bancshares by 20.1% in the second quarter. American Century Companies Inc. now owns 239,722 shares of the financial services provider’s stock valued at $7,199,000 after purchasing an additional 40,201 shares during the last quarter. Foundry Partners LLC lifted its stake in HomeTrust Bancshares by 8.1% in the second quarter. Foundry Partners LLC now owns 89,180 shares of the financial services provider’s stock valued at $2,678,000 after buying an additional 6,710 shares during the period. Finally, Rhumbline Advisers boosted its holdings in HomeTrust Bancshares by 2.0% during the second quarter. Rhumbline Advisers now owns 22,647 shares of the financial services provider’s stock worth $680,000 after buying an additional 435 shares during the last quarter. 60.94% of the stock is owned by institutional investors.

HomeTrust Bancshares Price Performance

NASDAQ HTBI opened at $35.29 on Monday. 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 stock has a market cap of $617.58 million, a price-to-earnings ratio of 10.23 and a beta of 0.82. The business has a 50 day simple moving average of $33.85 and a 200 day simple moving average of $29.31. HomeTrust Bancshares, Inc. has a 52-week low of $19.37 and a 52-week high of $36.53.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.73 earnings per share 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. Analysts anticipate that HomeTrust Bancshares, Inc. will post 3.19 earnings per share for the current fiscal year.

HomeTrust Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Thursday, August 15th. HomeTrust Bancshares’s dividend payout ratio is 12.75%.

Wall Street Analysts Forecast Growth

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

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.