Brokerages Set HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Price Target at $34.50

Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) have been given an average recommendation of “Buy” by the four brokerages that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $34.50.

HTBI has been the subject of several recent research reports. Hovde Group initiated coverage on shares of HomeTrust Bancshares in a research report on Wednesday, July 31st. They set an “outperform” rating and a $42.00 target price for the company. Keefe, Bruyette & Woods raised their target price on HomeTrust Bancshares from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, July 25th.

Institutional Investors Weigh In On HomeTrust Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of HTBI. Rhumbline Advisers raised its holdings in shares of HomeTrust Bancshares by 2.0% during the 2nd quarter. Rhumbline Advisers now owns 22,647 shares of the financial services provider’s stock valued at $680,000 after buying an additional 435 shares in the last quarter. Panagora Asset Management Inc. boosted its position in HomeTrust Bancshares by 0.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 92,272 shares of the financial services provider’s stock valued at $2,771,000 after acquiring an additional 528 shares in the last quarter. Huber Capital Management LLC grew its stake in HomeTrust Bancshares by 9.1% in the second quarter. Huber Capital Management LLC now owns 17,742 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 1,487 shares during the period. Salzhauer Michael lifted its position in HomeTrust Bancshares by 9.8% during the 2nd quarter. Salzhauer Michael now owns 25,374 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 2,260 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of HomeTrust Bancshares by 21.8% in the 4th quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock worth $416,000 after buying an additional 2,764 shares during the last quarter. 60.94% of the stock is currently owned by institutional investors.

HomeTrust Bancshares Trading Up 0.2 %

NASDAQ:HTBI opened at $35.94 on Friday. The stock has a market capitalization of $626.97 million, a price-to-earnings ratio of 10.42 and a beta of 0.82. The firm has a fifty day simple moving average of $32.51 and a two-hundred day simple moving average of $28.59. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. HomeTrust Bancshares has a 12 month low of $19.37 and a 12 month high of $36.39.

HomeTrust Bancshares (NASDAQ:HTBI) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $0.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.73. HomeTrust Bancshares had a return on equity of 11.18% and a net margin of 19.42%. The company had revenue of $73.53 million for the quarter, compared to analyst estimates of $48.06 million.

HomeTrust Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, August 15th. HomeTrust Bancshares’s dividend payout ratio is currently 12.75%.

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.