HomeTrust Bancshares, Inc. (HTB) – What Are Brokerages Thinking About This Stock?

Shares of HomeTrust Bancshares, Inc. (NYSE:HTB) have been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $52.00.

Several analysts have weighed in on HTB shares. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of HomeTrust Bancshares in a research report on Wednesday, August 19th. Wall Street Zen upgraded shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of HomeTrust Bancshares in a research note on Wednesday, October 21st. Stephens lifted their target price on shares of HomeTrust Bancshares from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Finally, Raymond James Financial upgraded shares of HomeTrust Bancshares to a “hold” rating in a report on Monday, October 5th.

HomeTrust Bancshares Trading Down 1.4%

NYSE HTB opened at $46.81 on Wednesday. The firm has a market cap of $781.33 million, a PE ratio of 11.79 and a beta of 0.79. HomeTrust Bancshares has a 1-year low of $39.06 and a 1-year high of $52.50. The stock has a 50-day moving average of $46.78 and a 200-day moving average of $46.16. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29.

HomeTrust Bancshares (NYSE:HTB) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.23. The business had revenue of $55.95 million for the quarter. HomeTrust Bancshares had a return on equity of 11.12% and a net margin of 23.19%. As a group, sell-side analysts forecast that HomeTrust Bancshares will post 3.90 EPS for the current year.

HomeTrust Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Thursday, November 12th will be given a $0.15 dividend. The ex-dividend date is Thursday, November 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. HomeTrust Bancshares’s payout ratio is presently 15.11%.

Hedge Funds Weigh In On HomeTrust Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of HTB. Global Retirement Partners LLC bought a new stake in shares of HomeTrust Bancshares in the second quarter worth about $28,000. California State Teachers Retirement System bought a new position in HomeTrust Bancshares during the 1st quarter valued at approximately $37,000. Sterling Capital Management LLC bought a new position in HomeTrust Bancshares during the 1st quarter valued at approximately $105,000. Legal & General Group Plc bought a new position in HomeTrust Bancshares during the 2nd quarter valued at approximately $147,000. Finally, Quantbot Technologies LP purchased a new stake in HomeTrust Bancshares in the 2nd quarter worth approximately $148,000. 60.94% of the stock is owned by institutional investors.

HomeTrust Bancshares Company Profile

HomeTrust Bancshares, Inc is the holding company for HomeTrust Bank, a community-focused financial institution headquartered in Asheville, North Carolina. The company provides banking services to individuals, families, businesses and nonprofit organizations through a network of branches and digital banking channels.

HomeTrust Bank offers deposit products such as checking, savings, money market and certificate of deposit accounts, along with residential mortgages, home equity loans, consumer lending and commercial loans.