Acadian Asset Management LLC increased its position in Hometrust Bancshares Inc (NASDAQ:HTBI) by 176.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,843 shares of the financial services provider’s stock after buying an additional 34,380 shares during the quarter. Acadian Asset Management LLC owned about 0.29% of Hometrust Bancshares worth $1,358,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley lifted its stake in Hometrust Bancshares by 138.1% in the 3rd quarter. Morgan Stanley now owns 116,455 shares of the financial services provider’s stock worth $3,394,000 after acquiring an additional 67,546 shares in the last quarter. Vanguard Group Inc. increased its position in Hometrust Bancshares by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 783,929 shares of the financial services provider’s stock worth $22,852,000 after purchasing an additional 4,749 shares during the last quarter. Rhumbline Advisers increased its position in Hometrust Bancshares by 44.3% in the 4th quarter. Rhumbline Advisers now owns 23,977 shares of the financial services provider’s stock worth $628,000 after purchasing an additional 7,358 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in shares of Hometrust Bancshares during the 4th quarter valued at about $202,000. Finally, Prudential Financial Inc. increased its holdings in shares of Hometrust Bancshares by 7.0% during the 4th quarter. Prudential Financial Inc. now owns 14,816 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 972 shares during the last quarter. Institutional investors and hedge funds own 60.72% of the company’s stock.
Shares of Hometrust Bancshares stock traded up $0.21 during midday trading on Friday, hitting $25.14. 126,325 shares of the company were exchanged, compared to its average volume of 47,515. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.31 and a current ratio of 1.32. The company has a market capitalization of $458.57 million, a price-to-earnings ratio of 18.33 and a beta of 0.37. Hometrust Bancshares Inc has a 52 week low of $23.93 and a 52 week high of $30.00. The firm has a 50 day simple moving average of $24.89.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.95%.
A number of brokerages have recently commented on HTBI. BidaskClub raised Hometrust Bancshares from a “strong sell” rating to a “sell” rating in a report on Saturday, May 4th. TheStreet lowered Hometrust Bancshares from a “b” rating to a “c+” rating in a report on Friday, May 31st.
In related news, EVP Keith J. Houghton sold 4,000 shares of Hometrust Bancshares stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $24.70, for a total transaction of $98,800.00. Following the completion of the sale, the executive vice president now directly owns 8,743 shares of the company’s stock, valued at $215,952.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.10% of the stock is owned by insiders.
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. Its deposit products include savings, money market, and demand accounts, as well as certificates of deposit for individuals, businesses, and nonprofit organizations.
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