HomeTrust Bancshares (NASDAQ:HTBI) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.13 and traded as high as $37.61. HomeTrust Bancshares shares last traded at $36.53, with a volume of 93,478 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HTBI shares. Raymond James cut HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods upped their price target on shares of HomeTrust Bancshares from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

HomeTrust Bancshares Price Performance

The business has a fifty day moving average of $35.28 and a 200-day moving average of $35.13. The company has a current ratio of 1.11, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. The firm has a market cap of $640.28 million, a PE ratio of 11.41 and a beta of 0.86.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts predict that HomeTrust Bancshares, Inc. will post 3.02 earnings per share for the current year.

HomeTrust Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, February 13th. HomeTrust Bancshares’s payout ratio is 15.00%.

Institutional Investors Weigh In On HomeTrust Bancshares

Several large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its stake in HomeTrust Bancshares by 1.2% in the 4th quarter. Rhumbline Advisers now owns 22,883 shares of the financial services provider’s stock worth $771,000 after acquiring an additional 272 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of HomeTrust Bancshares by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,385 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 329 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of HomeTrust Bancshares by 28.4% in the third quarter. BNP Paribas Financial Markets now owns 3,499 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 774 shares during the last quarter. Franklin Resources Inc. raised 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 in the last quarter. Finally, Federated Hermes Inc. lifted its position in HomeTrust Bancshares by 3.9% during the fourth quarter. Federated Hermes Inc. now owns 35,988 shares of the financial services provider’s stock valued at $1,212,000 after purchasing an additional 1,337 shares during the last quarter. Institutional investors 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.