Quadrant Capital Group LLC Acquires 1,459 Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Posted by Defense World Staff on Jun 6th, 2023

Quadrant Capital Group LLC lifted its holdings in shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI – Get Rating) by 79.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,285 shares of the financial services provider’s stock after purchasing an additional 1,459 shares during the period. Quadrant Capital Group LLC’s holdings in HomeTrust Bancshares were worth $79,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FJ Capital Management LLC grew its holdings in shares of HomeTrust Bancshares by 15.6% during the 4th quarter. FJ Capital Management LLC now owns 1,447,533 shares of the financial services provider’s stock valued at $34,987,000 after purchasing an additional 195,533 shares during the last quarter. BlackRock Inc. grew its holdings in shares of HomeTrust Bancshares by 16.7% during the 3rd quarter. BlackRock Inc. now owns 1,336,575 shares of the financial services provider’s stock valued at $29,537,000 after purchasing an additional 191,524 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of HomeTrust Bancshares by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 729,344 shares of the financial services provider’s stock valued at $21,538,000 after purchasing an additional 9,910 shares during the last quarter. State Street Corp grew its holdings in shares of HomeTrust Bancshares by 4.4% during the 2nd quarter. State Street Corp now owns 340,118 shares of the financial services provider’s stock valued at $8,503,000 after purchasing an additional 14,303 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of HomeTrust Bancshares by 31.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 194,921 shares of the financial services provider’s stock valued at $4,872,000 after purchasing an additional 46,592 shares during the last quarter. Institutional investors own 58.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HTBI. StockNews.com assumed coverage on shares of HomeTrust Bancshares in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Piper Sandler raised shares of HomeTrust Bancshares from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $27.00 to $32.00 in a research report on Tuesday, February 28th. Finally, Janney Montgomery Scott raised shares of HomeTrust Bancshares from a “neutral” rating to a “buy” rating in a report on Tuesday, February 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, HomeTrust Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Insiders Place Their Bets

In other news, Director Robert E. James purchased 2,500 shares of the company’s stock in a transaction on Friday, May 19th. The stock was acquired at an average cost of $20.02 per share, for a total transaction of $50,050.00. Following the completion of the transaction, the director now directly owns 16,447 shares in the company, valued at approximately $329,268.94. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders bought a total of 5,021 shares of company stock worth $99,124 over the last three months. 6.95% of the stock is currently owned by company insiders.

HomeTrust Bancshares Stock Performance

Shares of NASDAQ HTBI opened at $21.03 on Tuesday. The firm has a 50 day moving average of $21.31 and a 200 day moving average of $24.27. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $365.29 million, a price-to-earnings ratio of 9.18 and a beta of 0.62. HomeTrust Bancshares, Inc. has a 12-month low of $18.02 and a 12-month high of $30.79.

HomeTrust Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Thursday, May 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $0.40 annualized dividend and a yield of 1.90%. HomeTrust Bancshares’s dividend payout ratio (DPR) is 17.47%.

About HomeTrust Bancshares

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HomeTrust Bancshares, Inc operates as a bank holding company, which engages in the provision of deposit accounts for individuals, businesses, and nonprofit organizations for HomeTrust Bank. It is involved in attracting deposits, including savings money market, demand accounts, and certificates of deposit from the general public.