HomeTrust Bancshares (NASDAQ:HTBI) Given Outperform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their outperform rating on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research note released on Tuesday morning, Benzinga reports. The firm currently has a $39.00 target price on the financial services provider’s stock, up from their prior target price of $38.00.

A number of other equities research analysts have also recently commented on the company. StockNews.com raised HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Hovde Group began coverage on shares of HomeTrust Bancshares in a research report on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 price target for the company. Finally, Raymond James downgraded shares of HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

HomeTrust Bancshares Stock Down 1.1 %

HomeTrust Bancshares stock opened at $32.77 on Tuesday. The company has a market capitalization of $573.41 million, a PE ratio of 10.37 and a beta of 0.81. HomeTrust Bancshares has a 12-month low of $20.75 and a 12-month high of $36.79. The firm’s fifty day moving average is $34.25 and its 200 day moving average is $31.26. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.72.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.04). The company had revenue of $74.93 million for the quarter, compared to analyst estimates of $50.13 million. HomeTrust Bancshares had a net margin of 18.53% and a return on equity of 10.55%. As a group, sell-side analysts predict that HomeTrust Bancshares will post 3.11 EPS for the current fiscal year.

HomeTrust Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Thursday, November 14th. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.11. HomeTrust Bancshares’s dividend payout ratio (DPR) is currently 15.19%.

Institutional Investors Weigh In On HomeTrust Bancshares

Several institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new position in HomeTrust Bancshares during the 2nd quarter worth $201,000. Creative Planning purchased a new position in HomeTrust Bancshares during the third quarter worth about $266,000. SG Americas Securities LLC bought a new stake in HomeTrust Bancshares in the 3rd quarter worth about $326,000. Quadrature Capital Ltd purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at about $323,000. Finally, Huber Capital Management LLC lifted its position in shares of HomeTrust Bancshares by 9.1% during the 2nd quarter. Huber Capital Management LLC now owns 17,742 shares of the financial services provider’s stock worth $533,000 after buying an additional 1,487 shares in the last quarter. Institutional investors own 60.94% of the company’s stock.

About HomeTrust Bancshares

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.