HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Receives Consensus Rating of “Buy” from Analysts

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) has been given an average recommendation of “Buy” by the four analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $34.50.

A number of equities analysts recently weighed in on the company. StockNews.com raised HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods lifted their price target on shares of HomeTrust Bancshares from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Hovde Group initiated coverage on shares of HomeTrust Bancshares in a research note on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 price objective for the company.

Institutional Investors Weigh In On HomeTrust Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its holdings in HomeTrust Bancshares by 21.8% in the 4th quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 2,764 shares in the last quarter. AMG National Trust Bank increased its position in shares of HomeTrust Bancshares by 237.3% during the fourth quarter. AMG National Trust Bank now owns 239,469 shares of the financial services provider’s stock valued at $6,447,000 after buying an additional 168,469 shares during the period. BHZ Capital Management LP raised its stake in HomeTrust Bancshares by 43.9% in the fourth quarter. BHZ Capital Management LP now owns 59,477 shares of the financial services provider’s stock worth $1,601,000 after buying an additional 18,156 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in HomeTrust Bancshares by 19.0% in the fourth quarter. Hennessy Advisors Inc. now owns 75,000 shares of the financial services provider’s stock worth $2,019,000 after buying an additional 12,000 shares during the period. Finally, Los Angeles Capital Management LLC boosted its position in HomeTrust Bancshares by 8.2% during the 1st quarter. Los Angeles Capital Management LLC now owns 42,438 shares of the financial services provider’s stock valued at $1,160,000 after acquiring an additional 3,210 shares in the last quarter. Hedge funds and other institutional investors own 60.94% of the company’s stock.

HomeTrust Bancshares Trading Up 1.4 %

Shares of HomeTrust Bancshares stock opened at $36.46 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.12 and a quick ratio of 1.06. HomeTrust Bancshares has a 1 year low of $19.37 and a 1 year high of $36.53. The firm has a market cap of $636.04 million, a PE ratio of 10.57 and a beta of 0.82. The company has a 50 day simple moving average of $32.68 and a two-hundred day simple moving average of $28.67.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.73. The company had revenue of $73.53 million during the quarter, compared to analyst estimates of $48.06 million. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.18%.

HomeTrust Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. HomeTrust Bancshares’s payout ratio is presently 12.75%.

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.