HomeTrust Bancshares (NASDAQ:HTBI) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods increased their price target on shares of HomeTrust Bancshares from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

HomeTrust Bancshares Stock Performance

HomeTrust Bancshares stock opened at $36.53 on Wednesday. The firm’s 50 day simple moving average is $35.52 and its 200 day simple moving average is $35.29. The firm has a market capitalization of $640.28 million, a PE ratio of 11.41 and a beta of 0.86. HomeTrust Bancshares has a 1-year low of $23.55 and a 1-year high of $38.99. The company has a current ratio of 1.11, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50.

HomeTrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.83 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, analysts expect that HomeTrust Bancshares will post 3.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HomeTrust Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in HomeTrust Bancshares by 138.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,490 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 1,446 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of HomeTrust Bancshares by 28.4% during the third quarter. BNP Paribas Financial Markets now owns 3,499 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 774 shares during the last quarter. Princeton Capital Management LLC bought a new stake in HomeTrust Bancshares during the third quarter valued at approximately $222,000. Dynamic Technology Lab Private Ltd bought a new stake in HomeTrust Bancshares during the fourth quarter valued at approximately $233,000. Finally, XTX Topco Ltd bought a new stake in HomeTrust Bancshares during the third quarter valued at approximately $257,000. 60.94% of the stock is owned by hedge funds and other 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.