HomeTrust Bancshares (NASDAQ:HTBI) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a report issued on Wednesday. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods boosted their target price on shares of HomeTrust Bancshares from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

HomeTrust Bancshares Price Performance

NASDAQ:HTBI opened at $36.53 on Wednesday. HomeTrust Bancshares has a 52 week low of $23.55 and a 52 week high of $38.99. The firm has a market cap of $640.28 million, a price-to-earnings ratio of 11.41 and a beta of 0.86. The firm’s 50-day simple moving average is $35.67 and its 200 day simple moving average is $35.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.11.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. HomeTrust Bancshares had a net margin of 18.57% and a return on equity of 10.43%. As a group, sell-side analysts predict that HomeTrust Bancshares will post 3.02 earnings per share for the current year.

HomeTrust Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were given a $0.12 dividend. The ex-dividend date was Thursday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. HomeTrust Bancshares’s dividend payout ratio (DPR) is currently 15.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rhumbline Advisers raised its holdings in HomeTrust Bancshares by 1.2% during the fourth quarter. Rhumbline Advisers now owns 22,883 shares of the financial services provider’s stock worth $771,000 after buying an additional 272 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in HomeTrust Bancshares by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,385 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 329 shares during the period. BNP Paribas Financial Markets boosted its position in HomeTrust Bancshares by 28.4% during the third quarter. BNP Paribas Financial Markets now owns 3,499 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 774 shares during the period. Franklin Resources Inc. lifted its holdings in shares of HomeTrust Bancshares by 8.8% in the third quarter. Franklin Resources Inc. now owns 15,871 shares of the financial services provider’s stock worth $542,000 after buying an additional 1,281 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of HomeTrust Bancshares by 3.9% in the fourth quarter. Federated Hermes Inc. now owns 35,988 shares of the financial services provider’s stock worth $1,212,000 after buying an additional 1,337 shares in the last quarter. Institutional investors and hedge funds own 60.94% of the company’s stock.

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.