HomeTrust Bancshares (NASDAQ:HTBI) Announces Earnings Results, Misses Estimates By $0.04 EPS

HomeTrust Bancshares (NASDAQ:HTBI) issued its earnings results on Thursday. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.04), Zacks reports. The firm had revenue of $74.93 million during the quarter, compared to the consensus estimate of $50.13 million. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.04%.

HomeTrust Bancshares Stock Performance

Shares of HTBI traded down $0.48 during midday trading on Friday, reaching $33.06. The stock had a trading volume of 9,535 shares, compared to its average volume of 38,671. The firm has a market cap of $576.73 million, a PE ratio of 9.78 and a beta of 0.81. The firm has a 50 day simple moving average of $34.36 and a 200-day simple moving average of $30.91. HomeTrust Bancshares has a one year low of $19.94 and a one year high of $36.79. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.72.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HTBI shares. Keefe, Bruyette & Woods upped their price objective on shares of HomeTrust Bancshares from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Hovde Group assumed coverage on HomeTrust Bancshares in a research report on Wednesday, July 31st. They set an “outperform” rating and a $42.00 price target on the stock. Finally, StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $34.50.

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.