HomeTrust Bancshares (NASDAQ:HTBI) Earns Outperform Rating from Keefe, Bruyette & Woods

HomeTrust Bancshares (NASDAQ:HTBI)‘s stock had its “outperform” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a research note issued on Tuesday, Benzinga reports. They presently have a $39.00 price target on the financial services provider’s stock, up from their prior price target of $38.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 16.42% from the company’s current price.

Other analysts have also issued reports about the company. StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Hovde Group initiated coverage on shares of HomeTrust Bancshares in a research report on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 price target on the stock. Finally, Raymond James downgraded HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, HomeTrust Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

HomeTrust Bancshares Stock Performance

Shares of HTBI opened at $33.50 on Tuesday. The stock has a 50 day moving average of $34.32 and a 200 day moving average of $31.17. The company has a market capitalization of $584.41 million, a price-to-earnings ratio of 9.80 and a beta of 0.81. HomeTrust Bancshares has a 12 month low of $20.22 and a 12 month high of $36.79. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.72.

HomeTrust Bancshares (NASDAQ:HTBI) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.04). The business had revenue of $74.93 million for the quarter, compared to the consensus estimate of $50.13 million. HomeTrust Bancshares had a return on equity of 11.04% and a net margin of 19.42%. As a group, sell-side analysts forecast that HomeTrust Bancshares will post 3.18 earnings per share for the current year.

Hedge Funds Weigh In On HomeTrust Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new stake in shares of HomeTrust Bancshares during the 2nd quarter worth $201,000. Creative Planning bought a new stake in HomeTrust Bancshares in the 3rd quarter worth approximately $266,000. SG Americas Securities LLC purchased a new stake in HomeTrust Bancshares in the third quarter worth approximately $326,000. Quadrature Capital Ltd bought a new position in HomeTrust Bancshares during the first quarter valued at approximately $323,000. Finally, Huber Capital Management LLC raised its stake in shares of HomeTrust Bancshares by 9.1% during the second quarter. Huber Capital Management LLC now owns 17,742 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 1,487 shares in the last quarter. Hedge funds and other 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.