HomeTrust Bancshares (NASDAQ:HTBI) Sees Unusually-High Trading Volume – Should You Buy?

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) saw strong trading volume on Thursday . 32,007 shares changed hands during mid-day trading, a decline of 19% from the previous session’s volume of 39,627 shares.The stock last traded at $37.22 and had previously closed at $37.25.

Wall Street Analyst Weigh In

HTBI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their price target on HomeTrust Bancshares from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Raymond James lowered shares of HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th.

HomeTrust Bancshares Price Performance

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 stock has a market cap of $663.16 million, a P/E ratio of 11.82 and a beta of 0.86. The firm has a 50 day moving average price of $35.22 and a 200 day moving average price of $34.82.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.83 EPS for the quarter, beating 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%. On average, analysts forecast that HomeTrust Bancshares, Inc. will post 2.98 EPS for the current fiscal year.

HomeTrust Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Thursday, February 13th. HomeTrust Bancshares’s dividend payout ratio (DPR) is currently 15.00%.

Hedge Funds Weigh In On HomeTrust Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp lifted its stake in HomeTrust Bancshares by 0.4% in the 3rd quarter. State Street Corp now owns 365,453 shares of the financial services provider’s stock worth $12,455,000 after purchasing an additional 1,428 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of HomeTrust Bancshares by 44.3% in the third quarter. Wellington Management Group LLP now owns 359,138 shares of the financial services provider’s stock worth $12,239,000 after purchasing an additional 110,180 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of HomeTrust Bancshares by 84.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 159,663 shares of the financial services provider’s stock worth $5,441,000 after buying an additional 73,013 shares in the last quarter. Polaris Capital Management LLC bought a new position in HomeTrust Bancshares during the fourth quarter valued at approximately $4,069,000. Finally, Foundry Partners LLC grew its holdings in HomeTrust Bancshares by 18.8% during the 3rd quarter. Foundry Partners LLC now owns 105,955 shares of the financial services provider’s stock valued at $3,611,000 after buying an additional 16,775 shares in the last quarter. 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.