HomeTrust Bancshares’ (HTBI) Outperform Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their outperform rating on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $39.00 price target on the financial services provider’s stock, up from their previous price target of $38.00.

HTBI has been the topic of a number of other research reports. Hovde Group assumed coverage on HomeTrust Bancshares in a research note on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 price objective on the stock. Raymond James downgraded shares of HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, StockNews.com upgraded shares of HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, HomeTrust Bancshares has a consensus rating of “Moderate Buy” and an average target price of $38.00.

HomeTrust Bancshares Trading Down 1.0 %

Shares of HTBI stock opened at $33.15 on Tuesday. The company has a market capitalization of $580.13 million, a P/E ratio of 10.49 and a beta of 0.81. HomeTrust Bancshares has a 12-month low of $20.22 and a 12-month high of $36.79. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $34.30 and a 200 day moving average price of $31.20.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its quarterly earnings data 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). The firm had revenue of $74.93 million for the quarter, compared to analyst estimates of $50.13 million. HomeTrust Bancshares had a return on equity of 10.55% and a net margin of 18.53%. Research analysts forecast that HomeTrust Bancshares will post 3.11 earnings per share for the current fiscal year.

HomeTrust Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, November 14th. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.11. HomeTrust Bancshares’s dividend payout ratio is 13.92%.

Institutional Trading of HomeTrust Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in shares of HomeTrust Bancshares by 2.0% in the 2nd quarter. Rhumbline Advisers now owns 22,647 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 435 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in HomeTrust Bancshares by 0.6% in the second quarter. Panagora Asset Management Inc. now owns 92,272 shares of the financial services provider’s stock valued at $2,771,000 after acquiring an additional 528 shares during the last quarter. Huber Capital Management LLC boosted its stake in HomeTrust Bancshares by 9.1% in the second quarter. Huber Capital Management LLC now owns 17,742 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 1,487 shares during the last quarter. Salzhauer Michael boosted its stake in HomeTrust Bancshares by 9.8% in the second quarter. Salzhauer Michael now owns 25,374 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 2,260 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of HomeTrust Bancshares by 0.6% in 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 during the period. 60.94% of the stock is currently 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.