Analysts Set HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Target Price at $32.00

Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) have been assigned a consensus recommendation of “Buy” from the four research firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $34.50.

HTBI has been the subject of a number of recent analyst reports. Hovde Group started coverage on shares of HomeTrust Bancshares in a research report on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 price objective for the company. StockNews.com raised HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods boosted their price objective on HomeTrust Bancshares from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

Institutional Investors Weigh In On HomeTrust Bancshares

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 5,364 shares in the last quarter. AMG National Trust Bank boosted 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 buying an additional 168,469 shares during the period. EJF Capital LLC grew its stake in HomeTrust Bancshares by 185.6% in the 1st quarter. EJF Capital LLC now owns 116,624 shares of the financial services provider’s stock valued at $3,188,000 after buying an additional 75,789 shares in the last quarter. Hennessy Advisors Inc. raised its holdings in HomeTrust Bancshares by 10.5% during the 2nd quarter. Hennessy Advisors Inc. now owns 105,000 shares of the financial services provider’s stock valued at $3,153,000 after acquiring an additional 10,000 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in shares of HomeTrust Bancshares by 0.6% during the second quarter. Panagora Asset Management Inc. now owns 92,272 shares of the financial services provider’s stock worth $2,771,000 after acquiring an additional 528 shares in the last quarter. Hedge funds and other institutional investors own 60.94% of the company’s stock.

HomeTrust Bancshares Stock Performance

Shares of HTBI opened at $32.36 on Wednesday. HomeTrust Bancshares has a 52 week low of $19.37 and a 52 week high of $36.39. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.12. The stock has a 50 day moving average price of $30.44 and a two-hundred day moving average price of $27.80. The firm has a market capitalization of $564.52 million, a P/E ratio of 9.38 and a beta of 0.82.

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

HomeTrust Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be given 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 1.36%. HomeTrust Bancshares’s dividend payout ratio is presently 12.75%.

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.