HomeTrust Bancshares (NASDAQ:HTBI) Releases Earnings Results, Misses Expectations By $0.04 EPS

HomeTrust Bancshares (NASDAQ:HTBI) posted its quarterly earnings data on Thursday. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.04), Zacks reports. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.04%. The firm had revenue of $74.93 million during the quarter, compared to analysts’ expectations of $50.13 million.

HomeTrust Bancshares Price Performance

Shares of HomeTrust Bancshares stock traded down $0.66 on Friday, reaching $32.88. The stock had a trading volume of 19,392 shares, compared to its average volume of 38,718. The business’s 50 day moving average is $34.36 and its two-hundred day moving average is $30.91. The company has a market cap of $573.59 million, a P/E ratio of 9.55 and a beta of 0.81. HomeTrust Bancshares has a 1 year low of $19.94 and a 1 year high of $36.79. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.72.

Analysts Set New Price Targets

A number of research analysts have recently commented on HTBI shares. Keefe, Bruyette & Woods upped their price target on HomeTrust Bancshares from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Hovde Group assumed coverage on shares of HomeTrust Bancshares in a research note on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 target price for the company. Finally, StockNews.com upgraded shares of HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $34.50.

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.