HomeTrust Bancshares (NASDAQ:HTBI) Upgraded at StockNews.com

StockNews.com upgraded shares of HomeTrust Bancshares (NASDAQ:HTBI) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Other analysts also recently issued reports about the company. Raymond James upped their price objective on HomeTrust Bancshares from $30.00 to $33.00 and gave the company an outperform rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods upgraded HomeTrust Bancshares from a market perform rating to an outperform rating and set a $32.00 price objective on the stock in a research report on Wednesday, February 21st. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $30.00.

HomeTrust Bancshares Stock Up 1.5 %

HomeTrust Bancshares stock opened at $24.30 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.15. The firm has a market capitalization of $423.79 million, a price-to-earnings ratio of 8.18 and a beta of 0.77. HomeTrust Bancshares has a fifty-two week low of $18.02 and a fifty-two week high of $30.99. The stock’s fifty day moving average is $25.62 and its two-hundred day moving average is $24.70.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The company had revenue of $50.17 million for the quarter, compared to analyst estimates of $48.66 million. HomeTrust Bancshares had a return on equity of 11.41% and a net margin of 18.77%.

HomeTrust Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.81%. HomeTrust Bancshares’s dividend payout ratio is currently 14.81%.

Hedge Funds Weigh In On HomeTrust Bancshares

Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. lifted its position in HomeTrust Bancshares by 96.1% during the third quarter. Citigroup Inc. now owns 24,076 shares of the financial services provider’s stock worth $522,000 after buying an additional 11,800 shares during the period. Panagora Asset Management Inc. lifted its position in HomeTrust Bancshares by 7.2% during the third quarter. Panagora Asset Management Inc. now owns 96,758 shares of the financial services provider’s stock worth $2,097,000 after buying an additional 6,507 shares during the period. SG Americas Securities LLC purchased a new position in HomeTrust Bancshares during the third quarter worth about $131,000. Beese Fulmer Investment Management Inc. purchased a new position in HomeTrust Bancshares during the fourth quarter worth about $208,000. Finally, Bank of New York Mellon Corp lifted its position in HomeTrust Bancshares by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 90,932 shares of the financial services provider’s stock worth $1,970,000 after buying an additional 1,014 shares during the period. 60.94% of the stock is currently owned by hedge funds and other 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.