HomeTrust Bancshares’ (HTBI) Outperform Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their outperform rating on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has a $39.00 price objective on the financial services provider’s stock, up from their previous price objective of $38.00.

HTBI has been the topic of several other research reports. Hovde Group assumed 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. Raymond James lowered shares of HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, StockNews.com upgraded shares of HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.75.

HomeTrust Bancshares Stock Performance

HTBI opened at $33.10 on Tuesday. HomeTrust Bancshares has a twelve month low of $20.22 and a twelve month high of $36.79. The firm has a market capitalization of $577.43 million, a PE ratio of 9.57 and a beta of 0.81. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average price is $34.33 and its 200 day moving average price is $31.11.

HomeTrust Bancshares (NASDAQ:HTBI) 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). HomeTrust Bancshares had a return on equity of 11.04% and a net margin of 19.42%. The company had revenue of $74.93 million for the quarter, compared to analyst estimates of $50.13 million. As a group, sell-side analysts expect that HomeTrust Bancshares will post 3.18 EPS 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. Stockholders of record on Thursday, November 14th will be paid a $0.12 dividend. 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 Trading of HomeTrust Bancshares

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC purchased a new position in shares of HomeTrust Bancshares during the second quarter worth $201,000. Creative Planning purchased a new position in HomeTrust Bancshares during the 3rd quarter valued at about $266,000. Quadrature Capital Ltd purchased a new position in HomeTrust Bancshares during the 1st quarter valued at about $323,000. SG Americas Securities LLC purchased a new stake in HomeTrust Bancshares during the third quarter worth about $326,000. Finally, Huber Capital Management LLC increased 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 worth $533,000 after purchasing an additional 1,487 shares during the period. 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.