HomeTrust Bancshares (NYSE:HTB) Price Target Raised to $47.00

HomeTrust Bancshares (NYSE:HTB) had its price target increased by analysts at Hovde Group from $46.50 to $47.00 in a research report issued on Friday. The brokerage presently has a “market perform” rating on the stock. Hovde Group’s price target would indicate a potential upside of 1.58% from the stock’s current price.

Several other research analysts have also commented on HTB. Weiss Ratings assumed coverage on HomeTrust Bancshares in a research report on Wednesday, January 14th. They issued a “buy (b)” rating for the company. Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.00.

HomeTrust Bancshares Stock Performance

NYSE:HTB opened at $46.27 on Friday. The firm has a market capitalization of $778.26 million, a P/E ratio of 12.44 and a beta of 0.86. HomeTrust Bancshares has a one year low of $33.42 and a one year high of $47.64. The stock has a 50-day moving average price of $43.35. The company has a quick ratio of 1.05, a current ratio of 1.11 and a debt-to-equity ratio of 0.29.

HomeTrust Bancshares (NYSE:HTB) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. HomeTrust Bancshares had a return on equity of 11.00% and a net margin of 22.01%.The firm had revenue of $53.90 million during the quarter. On average, equities research analysts forecast that HomeTrust Bancshares will post 3.42 EPS for the current fiscal year.

Insider Buying and Selling at HomeTrust Bancshares

In related news, EVP John Francis Sprink II sold 2,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $45.00, for a total transaction of $90,000.00. Following the sale, the executive vice president owned 13,465 shares in the company, valued at $605,925. This represents a 12.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HomeTrust Bancshares

Several institutional investors have recently made changes to their positions in the stock. CrossGen Wealth LLC bought a new position in shares of HomeTrust Bancshares during the first quarter valued at approximately $91,000. Sterling Capital Management LLC bought a new stake in shares of HomeTrust Bancshares in the 1st quarter worth approximately $105,000. Flywheel Private Wealth LLC acquired a new position in HomeTrust Bancshares during the 1st quarter valued at approximately $938,000. Finally, Hsbc Holdings PLC acquired a new position in HomeTrust Bancshares during the 4th quarter valued at approximately $389,000. 60.94% of the stock is owned by institutional investors.

HomeTrust Bancshares Company Profile

HomeTrust Bancshares, Inc is the bank holding company for HomeTrust Bank, a regional community bank that provides a range of commercial and consumer banking services. Through its subsidiary bank, the company offers traditional deposit and lending products, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lending, and business loans. HomeTrust also delivers treasury management and payment services for small and midsize businesses, along with digital banking tools to support day-to-day account access and payments.

The company’s product set extends beyond core banking to include wealth management and trust services, commercial real estate financing, and specialized lending for agriculture and construction where relevant to local markets.