Franklin Resources Inc. Purchases 1,281 Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Franklin Resources Inc. lifted its position in shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 8.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,871 shares of the financial services provider’s stock after buying an additional 1,281 shares during the quarter. Franklin Resources Inc. owned approximately 0.09% of HomeTrust Bancshares worth $542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers lifted its stake in HomeTrust Bancshares by 2.0% in the second quarter. Rhumbline Advisers now owns 22,647 shares of the financial services provider’s stock worth $680,000 after acquiring an additional 435 shares during the period. BNP Paribas Financial Markets lifted its position in shares of HomeTrust Bancshares by 28.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,499 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 774 shares during the period. State Street Corp boosted its stake in shares of HomeTrust Bancshares by 0.4% during 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. Huber Capital Management LLC increased its holdings in HomeTrust Bancshares by 9.1% during the second quarter. Huber Capital Management LLC now owns 17,742 shares of the financial services provider’s stock valued at $533,000 after buying an additional 1,487 shares during the period. Finally, Salzhauer Michael raised its stake in HomeTrust Bancshares by 9.8% in the second quarter. Salzhauer Michael now owns 25,374 shares of the financial services provider’s stock worth $762,000 after buying an additional 2,260 shares in the last quarter. Institutional investors own 60.94% of the company’s stock.

Wall Street Analysts Forecast Growth

HTBI has been the topic of several recent research reports. Raymond James cut HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods lifted 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 Stock Performance

Shares of HTBI stock opened at $33.83 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. The company has a market cap of $593.04 million, a PE ratio of 10.71 and a beta of 0.84. HomeTrust Bancshares, Inc. has a 12-month low of $23.55 and a 12-month high of $38.99. The business’s fifty day simple moving average is $35.74 and its 200-day simple moving average is $33.97.

HomeTrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.04). HomeTrust Bancshares had a return on equity of 10.41% and a net margin of 18.53%. The business had revenue of $74.93 million during the quarter, compared to analyst estimates of $50.13 million. Analysts expect that HomeTrust Bancshares, Inc. will post 3.11 earnings per share for the current fiscal year.

HomeTrust Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid 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 1.42%. HomeTrust Bancshares’s dividend payout ratio is presently 15.19%.

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.