HomeTrust Bancshares (NASDAQ:HTBI) Hits New 1-Year High at $36.60

HomeTrust Bancshares, Inc. (NASDAQ:HTBI)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $36.60 and last traded at $36.31, with a volume of 22525 shares traded. The stock had previously closed at $35.74.

Wall Street Analyst Weigh In

Several research firms recently commented on HTBI. Hovde Group began coverage on shares of HomeTrust Bancshares in a research note on Wednesday, July 31st. They set an “outperform” rating and a $42.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price target on HomeTrust Bancshares from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, HomeTrust Bancshares has an average rating of “Buy” and a consensus target price of $34.50.

HomeTrust Bancshares Price Performance

The firm’s fifty day simple moving average is $34.11 and its 200-day simple moving average is $29.44. The firm has a market capitalization of $626.97 million, a PE ratio of 10.36 and a beta of 0.82. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.72.

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

HomeTrust Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, August 15th. HomeTrust Bancshares’s payout ratio is currently 12.75%.

Institutional Trading of HomeTrust Bancshares

A number of large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its holdings in HomeTrust Bancshares by 21.8% in the fourth quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 2,764 shares during the last quarter. BHZ Capital Management LP boosted its stake in shares of HomeTrust Bancshares by 43.9% in the 4th quarter. BHZ Capital Management LP now owns 59,477 shares of the financial services provider’s stock worth $1,601,000 after buying an additional 18,156 shares during the last quarter. Hennessy Advisors Inc. grew its holdings in shares of HomeTrust Bancshares by 19.0% in the fourth quarter. Hennessy Advisors Inc. now owns 75,000 shares of the financial services provider’s stock worth $2,019,000 after acquiring an additional 12,000 shares during the period. Los Angeles Capital Management LLC increased its position in HomeTrust Bancshares by 8.2% during the first quarter. Los Angeles Capital Management LLC now owns 42,438 shares of the financial services provider’s stock valued at $1,160,000 after acquiring an additional 3,210 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in HomeTrust Bancshares by 0.6% during the first quarter. Vanguard Group Inc. now owns 867,557 shares of the financial services provider’s stock valued at $23,719,000 after acquiring an additional 5,364 shares during the last quarter. 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.