HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Receives $34.50 Average PT from Analysts

by · The Cerbat Gem

Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI – Get Free Report) have been assigned an average rating of “Buy” from the four analysts that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $34.50.

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

Get Our Latest Stock Analysis on HomeTrust Bancshares

HomeTrust Bancshares Trading Down 0.4 %

NASDAQ HTBI opened at $35.05 on Thursday. The company has a market cap of $611.45 million, a price-to-earnings ratio of 10.16 and a beta of 0.82. HomeTrust Bancshares has a twelve month low of $19.37 and a twelve month high of $36.79. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.72. The business’s fifty day moving average is $34.44 and its 200 day moving average is $29.72.

HomeTrust Bancshares (NASDAQ:HTBI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.73 EPS for the quarter, meeting analysts’ consensus estimates of $0.73. HomeTrust Bancshares had a return on equity of 11.04% and a net margin of 19.42%. The firm had revenue of $73.53 million for the quarter, compared to analyst estimates of $48.06 million. As a group, sell-side analysts expect that HomeTrust Bancshares will post 3.19 EPS for the current fiscal year.

HomeTrust Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Thursday, August 15th. HomeTrust Bancshares’s dividend payout ratio is presently 12.75%.

Institutional Investors Weigh In On HomeTrust Bancshares

A number of hedge funds have recently added to or reduced their stakes in the business. EJF Capital LLC lifted its stake in shares of HomeTrust Bancshares by 185.6% in the first 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 in the last quarter. American Century Companies Inc. lifted its position in shares of HomeTrust Bancshares by 20.1% during the 2nd quarter. American Century Companies Inc. now owns 239,722 shares of the financial services provider’s stock worth $7,199,000 after buying an additional 40,201 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 worth $20,220,000 after buying an additional 30,891 shares during the last quarter. Sierra Summit Advisors LLC bought a new position in shares of HomeTrust Bancshares in the second quarter valued at approximately $711,000. Finally, Hennessy Advisors Inc. increased its position in shares of HomeTrust Bancshares by 26.7% during the first quarter. Hennessy Advisors Inc. now owns 95,000 shares of the financial services provider’s stock valued at $2,597,000 after acquiring an additional 20,000 shares during the last quarter. 60.94% of the stock is currently owned by institutional investors.

HomeTrust Bancshares Company Profile

(Get Free Report

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.

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