HomeTrust Bancshares (NASDAQ:HTBI) Sets New 52-Week High at $36.16

HomeTrust Bancshares, Inc. (NASDAQ:HTBI)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $36.16 and last traded at $36.16, with a volume of 55794 shares changing hands. The stock had previously closed at $34.82.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HTBI shares. Keefe, Bruyette & Woods increased their target price on HomeTrust Bancshares from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday. Hovde Group initiated coverage on shares of HomeTrust Bancshares in a report on Wednesday. They issued an “outperform” rating and a $42.00 target price on the stock. Finally, StockNews.com raised shares of HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, HomeTrust Bancshares presently has an average rating of “Buy” and a consensus price target of $34.50.

HomeTrust Bancshares Stock Up 1.9 %

The company has a quick ratio of 1.06, a current ratio of 1.12 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $30.05 and a two-hundred day moving average of $27.60. The firm has a market capitalization of $618.60 million, a price-to-earnings ratio of 10.28 and a beta of 0.82.

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

HomeTrust Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.24%. HomeTrust Bancshares’s payout ratio is presently 12.75%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. AMG National Trust Bank increased its holdings in HomeTrust Bancshares by 237.3% in the 4th quarter. AMG National Trust Bank now owns 239,469 shares of the financial services provider’s stock worth $6,447,000 after purchasing an additional 168,469 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of HomeTrust Bancshares by 23.0% during the fourth quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 1,390 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of HomeTrust Bancshares by 21.8% in the fourth quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock valued at $416,000 after buying an additional 2,764 shares during the period. Vanguard Group Inc. raised its holdings in HomeTrust Bancshares by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 829,903 shares of the financial services provider’s stock valued at $17,984,000 after buying an additional 7,578 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in HomeTrust Bancshares by 8.2% during the 1st 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 period. 60.94% of the stock is currently owned by institutional investors.

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.