Brokerages Set Price Target for HomeTrust Bancshares, Inc. (NASDAQ:HTBI) at $34.50

Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI – Get Free Report ) has received a consensus recommendation of “Buy” from the four ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $34.50.

Several brokerages have commented on HTBI. Keefe, Bruyette & Woods increased their target price on HomeTrust Bancshares from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, July 29th. StockNews.com upgraded shares of HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Finally, Hovde Group started coverage on shares of HomeTrust Bancshares in a report on Wednesday, July 31st. They set an “outperform” rating and a $42.00 price target for the company.

Read our latest research report on HomeTrust Bancshares

Institutional Trading of HomeTrust Bancshares

Several institutional investors have recently modified their holdings of the company. Sierra Summit Advisors LLC purchased a new stake in HomeTrust Bancshares in the second quarter valued at $711,000. Vanguard Group Inc. grew its position in HomeTrust Bancshares by 0.6% in 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 in the last quarter. 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 period. Salzhauer Michael boosted its holdings in HomeTrust Bancshares by 9.8% during the second quarter. Salzhauer Michael now owns 25,374 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 2,260 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of 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 purchasing an additional 528 shares during the period. Institutional investors and hedge funds own 60.94% of the company’s shares.

HomeTrust Bancshares Price Performance

NASDAQ HTBI opened at $35.19 on Thursday. The stock has a market cap of $613.89 million, a PE ratio of 10.20 and a beta of 0.82. HomeTrust Bancshares has a 12-month low of $19.37 and a 12-month high of $36.79. The company has a 50 day moving average price of $34.40 and a two hundred day moving average price of $29.63. The company has a quick ratio of 1.08, a current ratio of 1.14, and a debt-to-equity ratio of 0.72.

HomeTrust Bancshares (NASDAQ:HTBI – Get Free Report ) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.73. HomeTrust Bancshares had a return on equity of 11.04% and a net margin of 19.42%. The company had revenue of $73.53 million during the quarter, compared to the consensus estimate of $48.06 million. As a group, equities analysts predict that HomeTrust Bancshares will post 3.19 earnings per share for the current fiscal year.

HomeTrust Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.11 dividend. This represents an annualized dividend of $0.44 and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, August 15. HomeTrust Bancshares’ payout ratio is currently 12.75%.

About HomeTrust Bancshares

(Get a free report

HomeTrust Bancshares, Inc operates as the bank holding company for HomeTrust Bank, which offers a wide range of commercial and retail banking products and services. The company’s deposit products include savings, money market, non-interest-bearing and interest-bearing accounts, as well as certificates of deposit for individuals, businesses and nonprofit organizations.

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