HomeTrust Bancshares (NASDAQ:HTBI) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of HomeTrust Bancshares (NASDAQ:HTBI) from a hold rating to a buy rating in a research report report published on Thursday.

HomeTrust Bancshares Stock Performance

NASDAQ HTBI opened at $34.83 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.12 and a debt-to-equity ratio of 0.59. The stock has a market cap of $607.61 million, a P/E ratio of 10.10 and a beta of 0.82. HomeTrust Bancshares has a twelve month low of $19.37 and a twelve month high of $35.77. The company’s 50-day simple moving average is $29.68 and its 200 day simple moving average is $27.43.

HomeTrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.18%. The firm had revenue of $73.53 million for the quarter, compared to analysts’ expectations of $48.06 million.

HomeTrust Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be issued a $0.11 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.44 annualized dividend and a yield of 1.26%. HomeTrust Bancshares’s dividend payout ratio is currently 12.75%.

Hedge Funds Weigh In On HomeTrust Bancshares

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in HomeTrust Bancshares by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 67,363 shares of the financial services provider’s stock worth $2,023,000 after purchasing an additional 6,723 shares during the period. Hennessy Advisors Inc. grew its position in HomeTrust Bancshares by 10.5% in the second quarter. Hennessy Advisors Inc. now owns 105,000 shares of the financial services provider’s stock valued at $3,153,000 after purchasing an additional 10,000 shares in the last quarter. EJF Capital LLC grew its position in shares of HomeTrust Bancshares by 185.6% in the 1st quarter. EJF Capital LLC now owns 116,624 shares of the financial services provider’s stock valued at $3,188,000 after acquiring an additional 75,789 shares during the period. Quadrature Capital Ltd bought a new position in shares of HomeTrust Bancshares in the 1st quarter valued at about $323,000. Finally, Vanguard Group Inc. grew its position in shares of HomeTrust Bancshares by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 867,557 shares of the financial services provider’s stock valued at $23,719,000 after acquiring an additional 5,364 shares during the period. 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.