Keefe, Bruyette & Woods reaffirmed their outperform rating on shares of HomeTrust Bancshares (NASDAQ:HTBI - Free Report) in a research report report published on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has a $39.00 target price on the financial services provider's stock, up from their previous target price of $38.00.
A number of other research firms have also recently weighed in on HTBI. Raymond James cut shares of HomeTrust Bancshares from an "outperform" rating to a "market perform" rating in a report on Monday. Hovde Group initiated coverage on HomeTrust Bancshares in a report on Wednesday, July 31st. They set an "outperform" rating and a $42.00 price target on the stock. Finally, StockNews.com upgraded HomeTrust Bancshares from a "hold" rating to a "buy" rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, HomeTrust Bancshares presently has an average rating of "Moderate Buy" and an average price target of $34.75.
Check Out Our Latest Analysis on HomeTrust Bancshares
HomeTrust Bancshares Stock Performance
Shares of HomeTrust Bancshares stock traded up $0.06 on Tuesday, reaching $33.10. 28,766 shares of the company were exchanged, compared to its average volume of 38,924. The firm has a market cap of $577.43 million, a price-to-earnings ratio of 9.57 and a beta of 0.81. HomeTrust Bancshares has a 1-year low of $20.22 and a 1-year high of $36.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.08 and a current ratio of 1.14. The company's 50-day moving average is $34.33 and its two-hundred day moving average is $31.11.
HomeTrust Bancshares (NASDAQ:HTBI - Get Free Report) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.04). The company had revenue of $74.93 million during the quarter, compared to analyst estimates of $50.13 million. HomeTrust Bancshares had a return on equity of 11.04% and a net margin of 19.42%. As a group, research analysts expect that HomeTrust Bancshares will post 3.18 earnings per share for the current fiscal year.
HomeTrust Bancshares Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.45%. This is an increase from HomeTrust Bancshares's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, November 14th. HomeTrust Bancshares's payout ratio is 13.91%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in HTBI. Rosenthal Henry Capital Advisors Inc. acquired a new stake in HomeTrust Bancshares in the third quarter worth approximately $911,000. Creative Planning bought a new stake in shares of HomeTrust Bancshares in the 3rd quarter worth $266,000. SG Americas Securities LLC acquired a new stake in shares of HomeTrust Bancshares in the third quarter valued at $326,000. AQR Capital Management LLC acquired a new stake in shares of HomeTrust Bancshares in the second quarter valued at $201,000. Finally, Huber Capital Management LLC boosted its stake in HomeTrust Bancshares by 9.1% during the second quarter. Huber Capital Management LLC now owns 17,742 shares of the financial services provider's stock valued at $533,000 after buying an additional 1,487 shares in the last quarter. 60.94% of the stock is currently owned by institutional investors.
About HomeTrust Bancshares
(
Get Free Report)
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.
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