HomeTrust Bancshares (NASDAQ:HTBI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research note issued to investors on Friday. The firm issued a hold rating on the financial services provider’s stock.

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

HomeTrust Bancshares Stock Down 1.8 %

HTBI stock opened at $36.53 on Friday. 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 company’s 50 day simple moving average is $36.36 and its 200-day simple moving average is $35.41. HomeTrust Bancshares has a 12 month low of $23.55 and a 12 month high of $38.99. The firm has a market capitalization of $640.28 million, a PE ratio of 11.41 and a beta of 0.86.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its 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 return on equity of 10.43% and a net margin of 18.57%. Equities analysts expect that HomeTrust Bancshares will post 3.02 earnings per share for the current fiscal year.

HomeTrust Bancshares Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HTBI. JPMorgan Chase & Co. lifted its position in HomeTrust Bancshares by 20.0% during the third quarter. JPMorgan Chase & Co. now owns 95,559 shares of the financial services provider’s stock worth $3,257,000 after buying an additional 15,916 shares during the period. Barclays PLC lifted its holdings in shares of HomeTrust Bancshares by 32.9% during the 3rd quarter. Barclays PLC now owns 58,609 shares of the financial services provider’s stock worth $1,997,000 after acquiring an additional 14,524 shares during the period. Wellington Management Group LLP raised its stake in HomeTrust Bancshares by 44.3% during the third quarter. Wellington Management Group LLP now owns 359,138 shares of the financial services provider’s stock worth $12,239,000 after purchasing an additional 110,180 shares during the period. Franklin Resources Inc. boosted its holdings in shares of HomeTrust Bancshares by 8.8% in the 3rd quarter. Franklin Resources Inc. now owns 15,871 shares of the financial services provider’s stock valued at $542,000 after purchasing an additional 1,281 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of HomeTrust Bancshares by 84.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 159,663 shares of the financial services provider’s stock valued at $5,441,000 after purchasing an additional 73,013 shares during the last quarter. Hedge funds and other 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.