HomeTrust Bancshares (NASDAQ:HTBI) Upgraded at StockNews.com

StockNews.com upgraded shares of HomeTrust Bancshares (NASDAQ:HTBI) from a hold rating to a buy rating in a research note published on Thursday morning.

HomeTrust Bancshares Stock Performance

Shares of NASDAQ:HTBI opened at $34.83 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.12 and a quick ratio of 1.06. The business’s 50 day moving average price is $29.68 and its 200-day moving average price is $27.42. The firm has a market capitalization of $607.44 million, a PE ratio of 10.10 and a beta of 0.82. HomeTrust Bancshares has a 1 year low of $19.37 and a 1 year high of $35.77.

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

HomeTrust Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, August 15th. HomeTrust Bancshares’s dividend payout ratio is presently 12.75%.

Institutional Trading of HomeTrust Bancshares

A number of institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of HomeTrust Bancshares by 23.0% in the fourth quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 1,390 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in HomeTrust Bancshares by 21.8% during the fourth 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. Los Angeles Capital Management LLC boosted its stake in HomeTrust Bancshares by 8.2% during the first quarter. Los Angeles Capital Management LLC now owns 42,438 shares of the financial services provider’s stock worth $1,160,000 after buying an additional 3,210 shares during the last quarter. Vanguard Group Inc. boosted its stake in HomeTrust Bancshares by 0.6% during the first quarter. Vanguard Group Inc. now owns 867,557 shares of the financial services provider’s stock worth $23,719,000 after buying an additional 5,364 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in HomeTrust Bancshares by 11.1% during the second quarter. Bank of New York Mellon Corp now owns 67,363 shares of the financial services provider’s stock worth $2,023,000 after buying an additional 6,723 shares during the last quarter. 60.94% of the stock is owned by institutional investors and hedge funds.

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.