UBS Asset Management Americas Inc. decreased its stake in Hometrust Bancshares Inc (NASDAQ:HTBI) by 35.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,100 shares of the financial services provider’s stock after selling 6,100 shares during the period. UBS Asset Management Americas Inc.’s holdings in Hometrust Bancshares were worth $287,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in shares of Hometrust Bancshares by 27.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 44,800 shares of the financial services provider’s stock valued at $1,160,000 after buying an additional 9,700 shares in the last quarter. Round Hill Asset Management purchased a new position in Hometrust Bancshares during the fourth quarter valued at $916,000. Two Sigma Investments LP boosted its position in Hometrust Bancshares by 161.0% in the fourth quarter. Two Sigma Investments LP now owns 41,102 shares of the financial services provider’s stock valued at $1,065,000 after buying an additional 25,355 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in Hometrust Bancshares during the fourth quarter valued at $266,000. Finally, Renaissance Technologies LLC boosted its position in Hometrust Bancshares by 5.3% in the fourth quarter. Renaissance Technologies LLC now owns 529,915 shares of the financial services provider’s stock valued at $13,725,000 after buying an additional 26,700 shares in the last quarter. 58.75% of the stock is owned by institutional investors.
Hometrust Bancshares Inc (NASDAQ:HTBI) opened at 25.10 on Wednesday. The company has a market capitalization of $470.78 million, a PE ratio of 42.61 and a beta of 0.34. The company has a 50 day moving average of $24.47 and a 200 day moving average of $24.35. Hometrust Bancshares Inc has a 1-year low of $17.28 and a 1-year high of $27.05.
Hometrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. Hometrust Bancshares had a return on equity of 3.85% and a net margin of 12.74%. The business had revenue of $28.61 million during the quarter, compared to the consensus estimate of $26.55 million. On average, analysts predict that Hometrust Bancshares Inc will post $1.00 earnings per share for the current fiscal year.
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Several equities analysts recently weighed in on the stock. Compass Point assumed coverage on shares of Hometrust Bancshares in a research note on Thursday, May 18th. They issued a “buy” rating and a $29.00 target price for the company. TheStreet cut shares of Hometrust Bancshares from a “b-” rating to a “c” rating in a research note on Friday, April 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $26.00 target price on shares of Hometrust Bancshares in a research note on Thursday, April 27th.
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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