HomeTrust Bancshares (NASDAQ:HTBI) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of HomeTrust Bancshares (NASDAQ:HTBI) from a buy rating to a hold rating in a report issued on Friday morning.

Several other equities analysts have also commented on the stock. Keefe, Bruyette & Woods raised shares of HomeTrust Bancshares from a market perform rating to an outperform rating and set a $32.00 target price on the stock in a report on Wednesday, February 21st. Raymond James increased their target price on shares of HomeTrust Bancshares from $30.00 to $33.00 and gave the company an outperform rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, HomeTrust Bancshares has a consensus rating of Moderate Buy and a consensus target price of $30.00.

HomeTrust Bancshares Price Performance

Shares of NASDAQ:HTBI opened at $26.08 on Friday. The company’s fifty day moving average price is $25.55 and its 200-day moving average price is $24.85. The firm has a market capitalization of $454.84 million, a price-to-earnings ratio of 7.56 and a beta of 0.77. HomeTrust Bancshares has a one year low of $18.02 and a one year high of $30.99. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 1.10.

HomeTrust Bancshares (NASDAQ:HTBI) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. HomeTrust Bancshares had a net margin of 20.87% and a return on equity of 12.22%. The company had revenue of $50.17 million for the quarter, compared to analyst estimates of $48.66 million.

HomeTrust Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.44 annualized dividend and a yield of 1.69%. HomeTrust Bancshares’s payout ratio is currently 12.75%.

Institutional Investors Weigh In On HomeTrust Bancshares

Several institutional investors and hedge funds have recently modified their holdings of HTBI. SG Americas Securities LLC purchased a new stake in shares of HomeTrust Bancshares in the 3rd quarter worth about $131,000. Beese Fulmer Investment Management Inc. purchased a new position in HomeTrust Bancshares during the 4th quarter valued at about $208,000. BNP Paribas Financial Markets increased its stake in HomeTrust Bancshares by 21.8% during the 4th quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 2,764 shares in the last quarter. Citigroup Inc. increased its stake in HomeTrust Bancshares by 96.1% during the 3rd quarter. Citigroup Inc. now owns 24,076 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 11,800 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in HomeTrust Bancshares by 32.8% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 52,632 shares of the financial services provider’s stock valued at $1,141,000 after purchasing an additional 12,994 shares in the last quarter. 60.94% of the stock is owned by hedge funds and other institutional investors.

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.