HomeTrust Bancshares (NASDAQ:HTBI) Sees Large Volume Increase - What's Next?

HomeTrust Bancshares, Inc. (NASDAQ:HTBI - Get Free Report) saw an uptick in trading volume on Thursday . 32,007 shares traded 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.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HTBI shares. Raymond James cut HomeTrust Bancshares from an "outperform" rating to a "market perform" rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods increased their price target on shares of 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

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.06. The business has a 50 day moving average price of $35.23 and a 200 day moving average price of $34.86. The stock has a market capitalization of $655.27 million, a PE ratio of 11.68 and a beta of 0.86.

HomeTrust Bancshares (NASDAQ:HTBI - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.83 EPS 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%. As a group, equities research analysts expect that HomeTrust Bancshares, Inc. will post 2.98 earnings per share for the current year.

HomeTrust Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, February 13th. HomeTrust Bancshares's dividend payout ratio is currently 15.00%.

Hedge Funds Weigh In On HomeTrust Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of HTBI. BNP Paribas Financial Markets grew its position in HomeTrust Bancshares by 28.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,499 shares of the financial services provider's stock worth $119,000 after purchasing an additional 774 shares during the period. AQR Capital Management LLC bought a new position in HomeTrust Bancshares in the second quarter valued at about $201,000. Princeton Capital Management LLC bought a new stake in shares of HomeTrust Bancshares during the 3rd quarter valued at about $222,000. XTX Topco Ltd purchased a new stake in shares of HomeTrust Bancshares during the 3rd quarter valued at about $257,000. Finally, Creative Planning bought a new position in shares of HomeTrust Bancshares in the 3rd quarter worth approximately $266,000. Institutional investors 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.