AMG National Trust Bank Sells 98,700 Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

AMG National Trust Bank trimmed its holdings in HomeTrust Bancshares, Inc. (NASDAQ:HTBI) by 61.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,000 shares of the financial services provider’s stock after selling 98,700 shares during the period. AMG National Trust Bank owned 0.36% of HomeTrust Bancshares worth $2,147,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Rosenthal Henry Capital Advisors Inc. acquired a new stake in shares of HomeTrust Bancshares in the 3rd quarter valued at $911,000. Creative Planning acquired a new stake in shares of HomeTrust Bancshares in the third quarter worth about $266,000. SG Americas Securities LLC bought a new stake in shares of HomeTrust Bancshares during the 3rd quarter worth about $326,000. AQR Capital Management LLC bought a new stake in shares of HomeTrust Bancshares during the 2nd quarter worth about $201,000. Finally, Huber Capital Management LLC increased its holdings in shares of HomeTrust Bancshares by 9.1% during the 2nd quarter. Huber Capital Management LLC now owns 17,742 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 1,487 shares during the last quarter. 60.94% of the stock is owned by institutional investors.

HomeTrust Bancshares Stock Down 0.9 %

HTBI opened at $37.02 on Tuesday. The business has a 50 day moving average of $34.42 and a 200-day moving average of $32.14. The stock has a market capitalization of $648.96 million, a price-to-earnings ratio of 11.72 and a beta of 0.81. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.50. HomeTrust Bancshares, Inc. has a 1-year low of $22.31 and a 1-year high of $38.62.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.04). HomeTrust Bancshares had a net margin of 18.53% and a return on equity of 10.41%. The company had revenue of $74.93 million for the quarter, compared to analyst estimates of $50.13 million. As a group, sell-side analysts anticipate that HomeTrust Bancshares, Inc. will post 3.11 earnings per share for the current year.

HomeTrust Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, November 14th. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.11. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 15.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Hovde Group initiated coverage on HomeTrust Bancshares in a research report on Wednesday, July 31st. They set an “outperform” rating and a $42.00 target price for the company. Raymond James downgraded shares of HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $39.00 target price (up from $38.00) on shares of HomeTrust Bancshares in a research note on Tuesday, October 29th. Finally, StockNews.com raised shares of HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th.

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.