StockNews.com Begins Coverage on HomeTrust Bancshares (NASDAQ:HTBI)

StockNews.com assumed coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research report issued on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods boosted their price target on HomeTrust Bancshares from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

HomeTrust Bancshares Stock Performance

Shares of HTBI opened at $36.53 on Friday. HomeTrust Bancshares has a 12-month low of $23.55 and a 12-month high of $38.99. The stock has a market cap of $640.28 million, a P/E ratio of 11.41 and a beta of 0.86. The company has a current ratio of 1.11, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $36.70 and a two-hundred day moving average of $35.49.

HomeTrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.08. HomeTrust Bancshares had a return on equity of 10.43% and a net margin of 18.57%. As a group, research analysts predict that HomeTrust Bancshares will post 3.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of HomeTrust Bancshares by 20.0% in the third quarter. JPMorgan Chase & Co. now owns 95,559 shares of the financial services provider’s stock valued at $3,257,000 after purchasing an additional 15,916 shares during the period. Barclays PLC grew its holdings in HomeTrust Bancshares by 32.9% during the 3rd quarter. Barclays PLC now owns 58,609 shares of the financial services provider’s stock worth $1,997,000 after acquiring an additional 14,524 shares in the last quarter. Wellington Management Group LLP increased its position in shares of HomeTrust Bancshares by 44.3% in the 3rd quarter. Wellington Management Group LLP now owns 359,138 shares of the financial services provider’s stock worth $12,239,000 after purchasing an additional 110,180 shares during the last quarter. Franklin Resources Inc. raised its stake in HomeTrust Bancshares by 8.8% during the third quarter. Franklin Resources Inc. now owns 15,871 shares of the financial services provider’s stock valued at $542,000 after buying an additional 1,281 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of HomeTrust Bancshares by 84.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 159,663 shares of the financial services provider’s stock valued at $5,441,000 after acquiring an additional 73,013 shares in the last quarter. 60.94% of the stock is owned by hedge funds and other institutional investors.

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.