HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Receives $34.50 Consensus Price Target from Brokerages

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) has earned an average rating of “Buy” from the four analysts that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $34.50.

Several research firms recently issued reports on HTBI. StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. 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 target price for the company. Finally, Keefe, Bruyette & Woods raised their price target 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.

Hedge Funds Weigh In On HomeTrust Bancshares

Several hedge funds have recently bought and sold shares of HTBI. Vanguard Group Inc. boosted its position in shares of HomeTrust Bancshares by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 867,557 shares of the financial services provider’s stock worth $23,719,000 after acquiring an additional 5,364 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of HomeTrust Bancshares by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 673,365 shares of the financial services provider’s stock valued at $20,220,000 after purchasing an additional 30,891 shares in the last quarter. American Century Companies Inc. increased its stake in shares of HomeTrust Bancshares by 20.1% in the 2nd quarter. American Century Companies Inc. now owns 239,722 shares of the financial services provider’s stock valued at $7,199,000 after purchasing an additional 40,201 shares during the last quarter. EJF Capital LLC raised its holdings in shares of HomeTrust Bancshares by 185.6% during the 1st quarter. EJF Capital LLC now owns 116,624 shares of the financial services provider’s stock worth $3,188,000 after buying an additional 75,789 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its holdings in shares of HomeTrust Bancshares by 10.5% during the 2nd quarter. Hennessy Advisors Inc. now owns 105,000 shares of the financial services provider’s stock worth $3,153,000 after buying an additional 10,000 shares in the last quarter. 60.94% of the stock is owned by institutional investors.

HomeTrust Bancshares Price Performance

Shares of HTBI opened at $34.92 on Monday. The company’s 50-day moving average is $34.24 and its 200-day moving average is $30.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.14 and a quick ratio of 1.08. The firm has a market capitalization of $609.18 million, a PE ratio of 10.12 and a beta of 0.81. HomeTrust Bancshares has a fifty-two week low of $19.37 and a fifty-two week high of $36.79.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.04%. The firm had revenue of $73.53 million for the quarter, compared to analysts’ expectations of $48.06 million. Equities analysts forecast that HomeTrust Bancshares will post 3.18 EPS for the current year.

HomeTrust Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Thursday, August 15th. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 12.75%.

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.