HomeTrust Bancshares (NASDAQ:HTBI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods boosted their price target on HomeTrust Bancshares from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

HomeTrust Bancshares Stock Down 1.8 %

Shares of HomeTrust Bancshares stock opened at $36.53 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.50. HomeTrust Bancshares has a 12 month low of $23.55 and a 12 month high of $38.99. The business has a fifty day simple moving average of $35.96 and a 200 day simple moving average of $35.40. The stock has a market cap of $640.28 million, a PE ratio of 11.41 and a beta of 0.86.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.08. HomeTrust Bancshares had a return on equity of 10.43% and a net margin of 18.57%. Research analysts predict that HomeTrust Bancshares will post 3.02 EPS for the current year.

HomeTrust Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, February 13th. This represents a $0.48 annualized dividend and a yield of 1.31%. HomeTrust Bancshares’s payout ratio is presently 15.00%.

Hedge Funds Weigh In On HomeTrust Bancshares

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in HomeTrust Bancshares by 20.0% during the third quarter. JPMorgan Chase & Co. now owns 95,559 shares of the financial services provider’s stock worth $3,257,000 after buying an additional 15,916 shares during the last quarter. Barclays PLC grew its position in shares of HomeTrust Bancshares by 32.9% in the third quarter. Barclays PLC now owns 58,609 shares of the financial services provider’s stock valued at $1,997,000 after purchasing an additional 14,524 shares during the last quarter. Wellington Management Group LLP grew its position in shares of HomeTrust Bancshares by 44.3% in the third quarter. Wellington Management Group LLP now owns 359,138 shares of the financial services provider’s stock valued at $12,239,000 after purchasing an additional 110,180 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of HomeTrust Bancshares by 84.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 159,663 shares of the financial services provider’s stock valued at $5,441,000 after purchasing an additional 73,013 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of HomeTrust Bancshares by 8.8% in the third quarter. Franklin Resources Inc. now owns 15,871 shares of the financial services provider’s stock valued at $542,000 after buying an additional 1,281 shares during the period. Institutional investors and hedge funds own 60.94% of the company’s stock.

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.