HomeTrust Bancshares (NASDAQ:HTBI) Sets New 12-Month High – What’s Next?

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $39.90 and last traded at $39.90, with a volume of 102 shares traded. The stock had previously closed at $37.98.

Analysts Set New Price Targets

HTBI has been the topic of several analyst reports. Raymond James downgraded HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th. StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Hovde Group began coverage on HomeTrust Bancshares in a research note on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 price target on the stock. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $39.00 price target (up from $38.00) on shares of HomeTrust Bancshares in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, HomeTrust Bancshares presently has an average rating of “Moderate Buy” and an average target price of $38.00.

HomeTrust Bancshares Price Performance

The stock has a market capitalization of $664.39 million, a price-to-earnings ratio of 12.02 and a beta of 0.81. The company has a 50 day moving average of $34.22 and a 200 day moving average of $31.81. The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.50.

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 10.41% and a net margin of 18.53%. The company had revenue of $74.93 million during the quarter, compared to analysts’ expectations of $50.13 million. As a group, equities research analysts forecast that HomeTrust Bancshares, Inc. will post 3.11 EPS for the current fiscal year.

HomeTrust Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a $0.12 dividend. 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. This represents a $0.48 annualized dividend and a dividend yield of 1.27%. HomeTrust Bancshares’s dividend payout ratio is presently 13.92%.

Institutional Trading of HomeTrust Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. raised its stake in HomeTrust Bancshares by 20.1% during the second quarter. American Century Companies Inc. now owns 239,722 shares of the financial services provider’s stock valued at $7,199,000 after buying an additional 40,201 shares in the last quarter. Sierra Summit Advisors LLC bought a new position in HomeTrust Bancshares during the 2nd quarter valued at $711,000. Vanguard Group Inc. boosted its stake in HomeTrust Bancshares by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 867,557 shares of the financial services provider’s stock valued at $23,719,000 after purchasing an additional 5,364 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in HomeTrust Bancshares by 11.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,363 shares of the financial services provider’s stock valued at $2,023,000 after purchasing an additional 6,723 shares in the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. bought a new position in HomeTrust Bancshares during the 3rd quarter valued at $911,000. 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.