Pax World Management LLC Raises Position in HomeTrust Bancshares, Inc. (HTBI)
Pax World Management LLC boosted its stake in shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 778,499 shares of the financial services provider’s stock after buying an additional 11,593 shares during the period. Pax World Management LLC owned approximately 4.34% of HomeTrust Bancshares worth $18,995,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of HTBI. Teachers Advisors LLC raised its stake in HomeTrust Bancshares by 3.7% in the first quarter. Teachers Advisors LLC now owns 58,386 shares of the financial services provider’s stock valued at $1,372,000 after buying an additional 2,084 shares during the period. FMR LLC raised its stake in HomeTrust Bancshares by 1.8% in the first quarter. FMR LLC now owns 38,559 shares of the financial services provider’s stock valued at $906,000 after buying an additional 700 shares during the period. American International Group Inc. raised its stake in HomeTrust Bancshares by 7.0% in the first quarter. American International Group Inc. now owns 10,178 shares of the financial services provider’s stock valued at $239,000 after buying an additional 663 shares during the period. JPMorgan Chase & Co. raised its stake in HomeTrust Bancshares by 79.5% in the first quarter. JPMorgan Chase & Co. now owns 46,783 shares of the financial services provider’s stock valued at $1,100,000 after buying an additional 20,726 shares during the period. Finally, Nine Chapters Capital Management LLC purchased a new stake in HomeTrust Bancshares during the first quarter valued at $202,000. 59.28% of the stock is currently owned by institutional investors.
Shares of HomeTrust Bancshares, Inc. (NASDAQ HTBI) opened at 22.65 on Monday. HomeTrust Bancshares, Inc. has a 12 month low of $17.28 and a 12 month high of $27.05. The stock has a market capitalization of $406.25 million, a P/E ratio of 34.85 and a beta of 0.31. The stock has a 50 day moving average price of $23.77 and a 200 day moving average price of $24.29.
HomeTrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.02. HomeTrust Bancshares had a net margin of 10.31% and a return on equity of 4.55%. The firm had revenue of $28.63 million for the quarter, compared to analyst estimates of $29.53 million. On average, analysts anticipate that HomeTrust Bancshares, Inc. will post $1.24 EPS for the current fiscal year.
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Several analysts have weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $26.00 target price on shares of HomeTrust Bancshares in a report on Thursday, April 27th. TheStreet lowered HomeTrust Bancshares from a “b-” rating to a “c” rating in a report on Friday, April 28th. BidaskClub lowered HomeTrust Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Compass Point assumed coverage on HomeTrust Bancshares in a report on Thursday, May 18th. They issued a “buy” rating and a $29.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $27.50.
HomeTrust Bancshares Company Profile
HomeTrust Bancshares, Inc is a bank holding company of HomeTrust Bank (the Bank). The Bank’s principal business consists of attracting deposits from the public and investing those funds, along with borrowed funds, in loans secured primarily by first and second mortgages on one- to four-family residences, including home equity loans, construction and land/lot loans, commercial real estate loans, construction and development loans, commercial and industrial loans, indirect automobile, and municipal leases.
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