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

StockNews.com began coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research note published on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

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

HomeTrust Bancshares Stock Performance

NASDAQ HTBI opened at $36.53 on Friday. The firm has a market capitalization of $640.28 million, a P/E ratio of 11.41 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.06. HomeTrust Bancshares has a 1-year low of $23.55 and a 1-year high of $38.99. The business’s 50-day simple moving average is $36.36 and its 200-day simple moving average is $35.41.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.08. HomeTrust Bancshares had a net margin of 18.57% and a return on equity of 10.43%. Equities analysts predict that HomeTrust Bancshares will post 3.02 EPS for the current year.

HomeTrust Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. HomeTrust Bancshares’s payout ratio is currently 15.00%.

Hedge Funds Weigh In On HomeTrust Bancshares

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in HomeTrust Bancshares by 138.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,490 shares of the financial services provider’s stock worth $84,000 after buying an additional 1,446 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of 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 worth $119,000 after acquiring an additional 774 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of HomeTrust Bancshares in the 4th quarter valued at approximately $233,000. XTX Topco Ltd acquired a new position in shares of HomeTrust Bancshares in the 3rd quarter valued at approximately $257,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of HomeTrust Bancshares by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,385 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 329 shares in the last quarter. Institutional investors and hedge funds own 60.94% of the company’s stock.

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.