HomeTrust Bancshares (NASDAQ:HTBI) Releases Earnings Results, Misses Expectations By $0.04 EPS

HomeTrust Bancshares (NASDAQ:HTBI) announced its earnings results on Thursday. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.04), Zacks reports. The company had revenue of $74.93 million for the quarter, compared to the consensus estimate of $50.13 million. HomeTrust Bancshares had a return on equity of 11.04% and a net margin of 19.42%.

HomeTrust Bancshares Price Performance

Shares of NASDAQ HTBI traded down $0.48 during mid-day trading on Friday, reaching $33.06. The company had a trading volume of 9,535 shares, compared to its average volume of 38,671. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.08 and a current ratio of 1.14. HomeTrust Bancshares has a one year low of $19.94 and a one year high of $36.79. The firm has a market cap of $576.73 million, a price-to-earnings ratio of 9.78 and a beta of 0.81. The business’s 50-day simple moving average is $34.36 and its 200 day simple moving average is $30.91.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HTBI shares. Hovde Group started coverage on HomeTrust Bancshares in a research report on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 target price on the stock. Keefe, Bruyette & Woods upped their price objective on HomeTrust Bancshares from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, StockNews.com raised HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $34.50.

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.