StockNews.com Upgrades HomeTrust Bancshares (NASDAQ:HTBI) to Buy

HomeTrust Bancshares (NASDAQ:HTBI) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of HomeTrust Bancshares from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Wednesday, February 21st. Raymond James increased their target price on shares of HomeTrust Bancshares from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $30.00.

HomeTrust Bancshares Trading Up 1.5 %

NASDAQ HTBI opened at $24.30 on Thursday. The stock has a market capitalization of $423.79 million, a P/E ratio of 8.18 and a beta of 0.77. HomeTrust Bancshares has a 52-week low of $18.02 and a 52-week high of $30.99. The firm has a 50-day moving average price of $25.62 and a 200 day moving average price of $24.67. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.95.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $50.17 million during the quarter, compared to analysts’ expectations of $48.66 million. HomeTrust Bancshares had a net margin of 18.77% and a return on equity of 11.41%.

Institutional Trading of HomeTrust Bancshares

Several large investors have recently modified their holdings of HTBI. American Century Companies Inc. grew its position in shares of HomeTrust Bancshares by 25.1% in the first quarter. American Century Companies Inc. now owns 29,008 shares of the financial services provider’s stock valued at $857,000 after purchasing an additional 5,820 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of HomeTrust Bancshares by 57.0% in the first quarter. MetLife Investment Management LLC now owns 8,528 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 3,096 shares during the last quarter. Panagora Asset Management Inc. grew its position in shares of HomeTrust Bancshares by 136.0% in the first quarter. Panagora Asset Management Inc. now owns 51,837 shares of the financial services provider’s stock valued at $1,531,000 after purchasing an additional 29,873 shares during the last quarter. Vanguard Group Inc. grew its position in shares of HomeTrust Bancshares by 1.4% in the first quarter. Vanguard Group Inc. now owns 729,344 shares of the financial services provider’s stock valued at $21,538,000 after purchasing an additional 9,910 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of HomeTrust Bancshares by 128.4% in the first quarter. Federated Hermes Inc. now owns 2,346 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,319 shares during the last quarter. 60.94% of the stock is currently owned by institutional investors and hedge funds.

HomeTrust Bancshares Company 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.