HomeTrust Bancshares (NASDAQ:HTBI) Now Covered by Analysts at Hovde Group

Hovde Group began coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research report released on Wednesday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $42.00 price objective on the financial services provider’s stock.

A number of other research firms have also weighed in on HTBI. Keefe, Bruyette & Woods increased their target price on HomeTrust Bancshares from $32.00 to $38.00 and gave the stock an outperform rating in a research note on Monday, July 29th. StockNews.com raised HomeTrust Bancshares from a hold rating to a buy rating in a research report on Thursday, July 25th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $34.50.

HomeTrust Bancshares Stock Down 2.1 %

Shares of HTBI opened at $33.29 on Wednesday. The stock has a market capitalization of $580.58 million, a price-to-earnings ratio of 9.65 and a beta of 0.82. HomeTrust Bancshares has a 1 year low of $19.37 and a 1 year high of $36.39. The business’s 50 day simple moving average is $30.27 and its 200-day simple moving average is $27.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.12 and a quick ratio of 1.06.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. HomeTrust Bancshares had a return on equity of 11.18% and a net margin of 19.42%. The company had revenue of $73.53 million for the quarter, compared to analyst estimates of $48.06 million.

HomeTrust Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 15th. HomeTrust Bancshares’s payout ratio is 12.75%.

Hedge Funds Weigh In On HomeTrust Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in HomeTrust Bancshares by 23.0% during the fourth quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 1,390 shares in the last quarter. Quadrature Capital Ltd bought a new stake in HomeTrust Bancshares during the first quarter valued at about $323,000. BNP Paribas Financial Markets boosted its position in HomeTrust Bancshares by 21.8% during the fourth quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 2,764 shares in the last quarter. Rhumbline Advisers boosted its position in HomeTrust Bancshares by 2.0% during the second quarter. Rhumbline Advisers now owns 22,647 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 435 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in HomeTrust Bancshares by 8.2% during the first quarter. Los Angeles Capital Management LLC now owns 42,438 shares of the financial services provider’s stock valued at $1,160,000 after purchasing an additional 3,210 shares in the last quarter. Institutional investors own 60.94% of the company’s stock.

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.