HomeTrust Bancshares (NASDAQ:HTBI) Sees Strong Trading Volume

Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) saw an uptick in trading volume on Friday . 33,285 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 32,810 shares.The stock last traded at $29.50 and had previously closed at $28.81.

Analyst Ratings Changes

Separately, StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $30.00.

HomeTrust Bancshares Trading Up 4.2 %

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.12. The business has a 50-day simple moving average of $27.62 and a two-hundred day simple moving average of $26.69. The stock has a market cap of $523.72 million, a price-to-earnings ratio of 8.70 and a beta of 0.80.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.18. HomeTrust Bancshares had a return on equity of 11.86% and a net margin of 20.87%. The firm had revenue of $50.04 million during the quarter, compared to the consensus estimate of $47.66 million.

HomeTrust Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Wednesday, May 15th. HomeTrust Bancshares’s dividend payout ratio (DPR) is currently 12.75%.

Hedge Funds Weigh In On HomeTrust Bancshares

A number of large investors have recently bought and sold shares of the company. Citigroup Inc. boosted its holdings in shares of HomeTrust Bancshares by 96.1% in the 3rd quarter. Citigroup Inc. now owns 24,076 shares of the financial services provider’s stock valued at $522,000 after buying an additional 11,800 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in shares of HomeTrust Bancshares by 2.1% in the 3rd quarter. Kennedy Capital Management LLC now owns 441,633 shares of the financial services provider’s stock valued at $9,570,000 after buying an additional 9,175 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of HomeTrust Bancshares by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 829,903 shares of the financial services provider’s stock valued at $17,984,000 after buying an additional 7,578 shares during the last quarter. Beese Fulmer Investment Management Inc. acquired a new stake in shares of HomeTrust Bancshares in the 4th quarter valued at approximately $208,000. Finally, SG Americas Securities LLC boosted its holdings in shares of HomeTrust Bancshares by 23.0% in the 4th quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider’s stock valued at $200,000 after buying an additional 1,390 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.