Federated Hermes Inc. Reduces Position in HomeTrust Bancshares, Inc. (NASDAQ:HTBI)

Federated Hermes Inc. trimmed its holdings in shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI - Free Report) by 65.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,850 shares of the financial services provider's stock after selling 64,423 shares during the period. Federated Hermes Inc. owned approximately 0.19% of HomeTrust Bancshares worth $911,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HTBI. Hennessy Advisors Inc. raised its holdings in HomeTrust Bancshares by 19.0% in the 4th quarter. Hennessy Advisors Inc. now owns 75,000 shares of the financial services provider's stock worth $2,019,000 after acquiring an additional 12,000 shares during the last quarter. SG Americas Securities LLC raised its holdings in HomeTrust Bancshares by 23.0% in the 4th quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider's stock worth $200,000 after acquiring an additional 1,390 shares during the last quarter. Beese Fulmer Investment Management Inc. purchased a new position in HomeTrust Bancshares in the 4th quarter worth approximately $208,000. Vanguard Group Inc. raised its holdings in HomeTrust Bancshares by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 829,903 shares of the financial services provider's stock worth $17,984,000 after acquiring an additional 7,578 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in HomeTrust Bancshares by 96.1% in the 3rd quarter. Citigroup Inc. now owns 24,076 shares of the financial services provider's stock worth $522,000 after acquiring an additional 11,800 shares during the last quarter. 60.94% of the stock is currently owned by hedge funds and other institutional investors.

HomeTrust Bancshares Stock Performance

NASDAQ:HTBI traded up $0.35 during trading hours on Thursday, reaching $26.41. The company had a trading volume of 27,527 shares, compared to its average volume of 32,523. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.95. HomeTrust Bancshares, Inc. has a 52 week low of $18.02 and a 52 week high of $30.99. The firm has a market cap of $460.59 million, a price-to-earnings ratio of 7.66 and a beta of 0.78. The firm's 50 day moving average price is $25.55 and its 200-day moving average price is $25.00.

HomeTrust Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Wednesday, May 15th. HomeTrust Bancshares's dividend payout ratio (DPR) is presently 12.75%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of HomeTrust Bancshares from a "market perform" rating to an "outperform" rating and set a $32.00 price objective for the company in a report on Wednesday, February 21st. StockNews.com lowered shares of HomeTrust Bancshares from a "buy" rating to a "hold" rating in a report on Friday, April 26th. Finally, Raymond James lifted their target price on shares of HomeTrust Bancshares from $30.00 to $33.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.00.

About HomeTrust Bancshares

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.