HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Given Average Recommendation of “Buy” by Analysts

Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) have earned a consensus recommendation of “Buy” from the four research firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $34.50.

Several research firms recently weighed in on HTBI. Hovde Group began coverage on shares of HomeTrust Bancshares in a research report on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 price objective on the stock. StockNews.com upgraded shares of HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of HomeTrust Bancshares from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

HomeTrust Bancshares Trading Up 0.1 %

Shares of HomeTrust Bancshares stock opened at $35.76 on Thursday. HomeTrust Bancshares has a 12-month low of $19.37 and a 12-month high of $36.79. The company has a market cap of $623.83 million, a price-to-earnings ratio of 10.37 and a beta of 0.82. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $34.23 and its 200-day moving average price is $29.48.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. The company had revenue of $73.53 million for the quarter, compared to analysts’ expectations of $48.06 million. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.04%. On average, equities analysts expect that HomeTrust Bancshares will post 3.19 earnings per share for the current fiscal year.

HomeTrust Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Thursday, August 15th. HomeTrust Bancshares’s payout ratio is currently 12.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC bought a new position in HomeTrust Bancshares during the second quarter valued at approximately $201,000. Quadrature Capital Ltd purchased a new stake in shares of HomeTrust Bancshares during the first quarter valued at approximately $323,000. BNP Paribas Financial Markets boosted its stake in shares of HomeTrust Bancshares by 21.8% during the fourth quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 2,764 shares during the period. Huber Capital Management LLC boosted its stake in shares of HomeTrust Bancshares by 9.1% during the second quarter. Huber Capital Management LLC now owns 17,742 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 1,487 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of HomeTrust Bancshares by 2.0% during the second quarter. Rhumbline Advisers now owns 22,647 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 435 shares during the period. 60.94% of the stock is currently owned by institutional investors.

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.