JPMorgan Chase & Co. Buys 15,916 Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

JPMorgan Chase & Co. increased its position in HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 20.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,559 shares of the financial services provider’s stock after acquiring an additional 15,916 shares during the quarter. JPMorgan Chase & Co.’s holdings in HomeTrust Bancshares were worth $3,257,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. grew its position in HomeTrust Bancshares by 8.8% during the third quarter. Franklin Resources Inc. now owns 15,871 shares of the financial services provider’s stock worth $542,000 after buying an additional 1,281 shares in the last quarter. Barclays PLC grew its holdings in shares of HomeTrust Bancshares by 32.9% during the third quarter. Barclays PLC now owns 58,609 shares of the financial services provider’s stock worth $1,997,000 after purchasing an additional 14,524 shares in the last quarter. XTX Topco Ltd bought a new position in shares of HomeTrust Bancshares in the third quarter worth approximately $257,000. Wellington Management Group LLP increased its position in shares of HomeTrust Bancshares by 44.3% in the third quarter. Wellington Management Group LLP now owns 359,138 shares of the financial services provider’s stock worth $12,239,000 after purchasing an additional 110,180 shares during the last quarter. Finally, State Street Corp raised its stake in HomeTrust Bancshares by 0.4% in the third quarter. State Street Corp now owns 365,453 shares of the financial services provider’s stock valued at $12,455,000 after purchasing an additional 1,428 shares in the last quarter. Hedge funds and other institutional investors own 60.94% of the company’s stock.

HomeTrust Bancshares Stock Performance

NASDAQ HTBI opened at $34.23 on Monday. The company has a 50-day simple moving average of $35.49 and a two-hundred day simple moving average of $34.41. HomeTrust Bancshares, Inc. has a 12-month low of $23.55 and a 12-month high of $38.99. The firm has a market cap of $600.05 million, a price-to-earnings ratio of 10.83 and a beta of 0.86. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.50.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.04). The company had revenue of $74.93 million during the quarter, compared to analysts’ expectations of $50.13 million. HomeTrust Bancshares had a return on equity of 10.41% and a net margin of 18.53%. On average, equities analysts forecast that HomeTrust Bancshares, Inc. will post 3.11 EPS for the current year.

HomeTrust Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.12 per share. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.40%. HomeTrust Bancshares’s dividend payout ratio is presently 15.19%.

Analysts Set New Price Targets

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

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.