HomeTrust Bancshares (NASDAQ:HTBI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research note published on Sunday morning. The brokerage issued a hold rating on the financial services provider’s stock.

HomeTrust Bancshares Price Performance

Shares of NASDAQ HTBI opened at $36.53 on Friday. The stock’s 50-day simple moving average is $36.76 and its 200-day simple moving average is $35.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.11. The firm has a market capitalization of $640.28 million, a PE ratio of 11.41 and a beta of 0.86. HomeTrust Bancshares has a fifty-two week low of $23.55 and a fifty-two week high of $38.99.

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

HomeTrust Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 15.00%.

Institutional Inflows and Outflows

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

About HomeTrust Bancshares

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.