HomeTrust Bancshares (NASDAQ:HTBI) Sets New 52-Week High – Should You Buy?

HomeTrust Bancshares, Inc. (NASDAQ:HTBI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $39.90 and last traded at $39.90, with a volume of 102 shares. The stock had previously closed at $37.98.

Wall Street Analyst Weigh In

HTBI has been the subject of several research analyst reports. StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $39.00 price target (up from $38.00) on shares of HomeTrust Bancshares in a research report on Tuesday, October 29th. Hovde Group initiated coverage on HomeTrust Bancshares in a research report on Wednesday, July 31st. They set an “outperform” rating and a $42.00 price target for the company. Finally, Raymond James cut HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, HomeTrust Bancshares has a consensus rating of “Moderate Buy” and an average target price of $38.00.

HomeTrust Bancshares Stock Performance

The firm has a 50-day moving average of $34.30 and a two-hundred day moving average of $31.93. The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $654.75 million, a PE ratio of 11.82 and a beta of 0.81.

HomeTrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.04). HomeTrust Bancshares had a net margin of 18.53% and a return on equity of 10.41%. The business had revenue of $74.93 million during the quarter, compared to analyst estimates of $50.13 million. Research analysts anticipate that HomeTrust Bancshares, Inc. will post 3.11 EPS for the current year.

HomeTrust Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.12 dividend. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, November 14th. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 13.92%.

Institutional Trading of HomeTrust Bancshares

Several institutional investors have recently bought and sold shares of HTBI. EJF Capital LLC grew its holdings in HomeTrust Bancshares by 185.6% in the first quarter. EJF Capital LLC now owns 116,624 shares of the financial services provider’s stock valued at $3,188,000 after purchasing an additional 75,789 shares during the period. Charles Schwab Investment Management Inc. boosted its stake 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 worth $5,441,000 after acquiring an additional 73,013 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of HomeTrust Bancshares by 20.1% in the second quarter. American Century Companies Inc. now owns 239,722 shares of the financial services provider’s stock worth $7,199,000 after acquiring an additional 40,201 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of HomeTrust Bancshares by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 673,365 shares of the financial services provider’s stock worth $20,220,000 after acquiring an additional 30,891 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new stake in shares of HomeTrust Bancshares in the third quarter worth approximately $911,000. 60.94% of the stock is owned by institutional investors and hedge funds.

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.