Renaissance Technologies LLC Sells 4,000 Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Renaissance Technologies LLC cut its position in HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 552,115 shares of the financial services provider’s stock after selling 4,000 shares during the quarter. Renaissance Technologies LLC owned about 3.16% of HomeTrust Bancshares worth $16,580,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in shares of HomeTrust Bancshares in the first quarter valued at $323,000. BNP Paribas Financial Markets raised its stake in shares of HomeTrust Bancshares by 21.8% in the fourth quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock valued at $416,000 after buying an additional 2,764 shares during the period. Rhumbline Advisers raised its stake in shares of 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 buying an additional 435 shares during the period. Sierra Summit Advisors LLC bought a new stake in shares of HomeTrust Bancshares in the second quarter valued at $711,000. Finally, Salzhauer Michael raised its stake in shares of HomeTrust Bancshares by 9.8% in the second quarter. Salzhauer Michael now owns 25,374 shares of the financial services provider’s stock valued at $762,000 after buying an additional 2,260 shares during the period. 60.94% of the stock is currently owned by institutional investors.

HomeTrust Bancshares Price Performance

HomeTrust Bancshares stock opened at $35.19 on Friday. HomeTrust Bancshares, Inc. has a 52 week low of $19.37 and a 52 week high of $36.79. The business has a 50-day simple moving average of $34.40 and a 200 day simple moving average of $29.63. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.72. The stock has a market cap of $613.89 million, a price-to-earnings ratio of 10.20 and a beta of 0.82.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. HomeTrust Bancshares had a return on equity of 11.04% and a net margin of 19.42%. The business had revenue of $73.53 million during the quarter, compared to analysts’ expectations of $48.06 million. On average, research analysts forecast that HomeTrust Bancshares, Inc. will post 3.19 earnings per share for the current fiscal year.

HomeTrust Bancshares Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HTBI. Hovde Group began coverage on HomeTrust Bancshares in a research note on Wednesday, July 31st. They set an “outperform” rating and a $42.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price objective on HomeTrust Bancshares from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. 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.com, the stock has an average rating of “Buy” and a consensus target price 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.