HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Receives $34.50 Average PT from Analysts

Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) have been assigned an average rating of “Buy” from the four analysts that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $34.50.

Several equities research analysts recently commented on HTBI shares. Keefe, Bruyette & Woods lifted their target price on shares of HomeTrust Bancshares from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. StockNews.com upgraded shares of HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Finally, Hovde Group started coverage on HomeTrust Bancshares in a report on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 price objective for the company.

HomeTrust Bancshares Trading Down 0.4 %

NASDAQ HTBI opened at $35.05 on Thursday. The company has a market cap of $611.45 million, a price-to-earnings ratio of 10.16 and a beta of 0.82. HomeTrust Bancshares has a twelve month low of $19.37 and a twelve month high of $36.79. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.72. The business’s fifty day moving average is $34.44 and its 200 day moving average is $29.72.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.73 EPS for the quarter, meeting analysts’ consensus estimates of $0.73. HomeTrust Bancshares had a return on equity of 11.04% and a net margin of 19.42%. The firm had revenue of $73.53 million for the quarter, compared to analyst estimates of $48.06 million. As a group, sell-side analysts expect that HomeTrust Bancshares will post 3.19 EPS for the current fiscal year.

HomeTrust Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Thursday, August 15th. HomeTrust Bancshares’s dividend payout ratio is presently 12.75%.

Institutional Investors Weigh In On HomeTrust Bancshares

A number of hedge funds have recently added to or reduced their stakes in the business. EJF Capital LLC lifted its stake in shares of HomeTrust Bancshares by 185.6% in the first quarter. EJF Capital LLC now owns 116,624 shares of the financial services provider’s stock valued at $3,188,000 after buying an additional 75,789 shares in the last quarter. American Century Companies Inc. lifted its position in shares of HomeTrust Bancshares by 20.1% during the 2nd quarter. American Century Companies Inc. now owns 239,722 shares of the financial services provider’s stock worth $7,199,000 after buying an additional 40,201 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of HomeTrust Bancshares by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 673,365 shares of the financial services provider’s stock worth $20,220,000 after buying an additional 30,891 shares during the last quarter. Sierra Summit Advisors LLC bought a new position in shares of HomeTrust Bancshares in the second quarter valued at approximately $711,000. Finally, Hennessy Advisors Inc. increased its position in shares of HomeTrust Bancshares by 26.7% during the first quarter. Hennessy Advisors Inc. now owns 95,000 shares of the financial services provider’s stock valued at $2,597,000 after acquiring an additional 20,000 shares during the last quarter. 60.94% of the stock is currently owned by 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.