StockNews.com Initiates Coverage on HomeTrust Bancshares (NASDAQ:HTBI)

Analysts at StockNews.com assumed coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research note issued to investors on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

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

HomeTrust Bancshares Trading Down 1.8 %

NASDAQ HTBI opened at $36.53 on Friday. HomeTrust Bancshares has a 52 week low of $23.55 and a 52 week high of $38.99. The company has a 50 day moving average price of $36.70 and a 200 day moving average price of $35.47. The company has a quick ratio of 1.06, a current ratio of 1.11 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 released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts forecast that HomeTrust Bancshares will post 3.02 EPS for the current fiscal year.

Hedge Funds Weigh In On HomeTrust Bancshares

Several hedge funds have recently made changes to their positions in the company. Rhumbline Advisers grew its stake in HomeTrust Bancshares by 1.2% during the 4th quarter. Rhumbline Advisers now owns 22,883 shares of the financial services provider’s stock valued at $771,000 after purchasing an additional 272 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 during the period. BNP Paribas Financial Markets boosted its position in 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 valued at $119,000 after buying an additional 774 shares during the last quarter. Franklin Resources Inc. boosted its position 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 buying an additional 1,281 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in HomeTrust Bancshares by 3.9% in the 4th quarter. Federated Hermes Inc. now owns 35,988 shares of the financial services provider’s stock worth $1,212,000 after buying an additional 1,337 shares during the period. 60.94% of the stock is owned by institutional investors and hedge funds.

HomeTrust Bancshares Company Profile

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.