Brokerages Set HomeTrust Bancshares, Inc. (NASDAQ:HTBI) PT at $34.50

Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) have earned an average recommendation of “Buy” from the four brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is $34.50.

HTBI has been the subject of a number of research reports. StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Hovde Group started coverage on HomeTrust Bancshares in a research report on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their price target on HomeTrust Bancshares from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HTBI. EJF Capital LLC boosted its holdings in shares of HomeTrust Bancshares by 185.6% in the 1st quarter. EJF Capital LLC now owns 116,624 shares of the financial services provider’s stock valued at $3,188,000 after buying an additional 75,789 shares during the last quarter. American Century Companies Inc. lifted its stake in HomeTrust Bancshares by 20.1% in the second quarter. American Century Companies Inc. now owns 239,722 shares of the financial services provider’s stock valued at $7,199,000 after acquiring an additional 40,201 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of HomeTrust Bancshares by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 673,365 shares of the financial services provider’s stock valued at $20,220,000 after acquiring an additional 30,891 shares during the period. Sierra Summit Advisors LLC acquired a new position in shares of HomeTrust Bancshares during the 2nd quarter worth about $711,000. Finally, Hennessy Advisors Inc. raised its holdings in shares of HomeTrust Bancshares by 26.7% in the 1st quarter. Hennessy Advisors Inc. now owns 95,000 shares of the financial services provider’s stock valued at $2,597,000 after purchasing an additional 20,000 shares during the period. 60.94% of the stock is currently owned by institutional investors.

HomeTrust Bancshares Price Performance

Shares of HTBI opened at $34.35 on Monday. The stock has a 50 day simple moving average of $34.31 and a 200 day simple moving average of $30.77. HomeTrust Bancshares has a 52-week low of $19.37 and a 52-week high of $36.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.08 and a current ratio of 1.14. The firm has a market capitalization of $599.24 million, a PE ratio of 9.96 and a beta of 0.81.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.04%. The company had revenue of $73.53 million during the quarter, compared to analysts’ expectations of $48.06 million. Sell-side analysts predict that HomeTrust Bancshares will post 3.18 EPS for the current fiscal year.

HomeTrust Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.44 annualized dividend and a yield of 1.28%. 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.