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

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) has been assigned a consensus recommendation of “Buy” from the four research firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have covered the stock in the last year is $34.50.

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

HomeTrust Bancshares Trading Down 0.4 %

HTBI stock opened at $35.05 on Thursday. HomeTrust Bancshares has a one year low of $19.37 and a one year high of $36.79. The stock has a market cap of $611.45 million, a price-to-earnings ratio of 10.16 and a beta of 0.82. The company has a fifty day moving average price of $34.44 and a two-hundred day moving average price of $29.72. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.14 and a quick ratio of 1.08.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. The business had revenue of $73.53 million during the quarter, compared to the consensus estimate of $48.06 million. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.04%. Equities analysts anticipate that HomeTrust Bancshares will post 3.19 EPS for the current year.

HomeTrust Bancshares Dividend Announcement

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

Institutional Investors Weigh In On HomeTrust Bancshares

A number of large investors have recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in shares of HomeTrust Bancshares in the 2nd quarter valued at $201,000. Quadrature Capital Ltd bought a new stake in shares of HomeTrust Bancshares during the 1st quarter worth $323,000. BNP Paribas Financial Markets boosted its stake in HomeTrust Bancshares by 21.8% in the fourth quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock valued at $416,000 after buying an additional 2,764 shares in the last quarter. Huber Capital Management LLC grew its position in HomeTrust Bancshares by 9.1% in the second quarter. Huber Capital Management LLC now owns 17,742 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 1,487 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in HomeTrust Bancshares by 2.0% during the second quarter. Rhumbline Advisers now owns 22,647 shares of the financial services provider’s stock worth $680,000 after acquiring an additional 435 shares in 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.