HomeTrust Bancshares (NASDAQ:HTBI) Sets New 1-Year High – Still a Buy?

HomeTrust Bancshares, Inc. (NASDAQ:HTBI)’s share price hit a new 52-week high on Monday . The stock traded as high as $38.96 and last traded at $38.85, with a volume of 33474 shares. The stock had previously closed at $37.68.

Wall Street Analysts Forecast Growth

HTBI has been the subject of several analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $39.00 target price (up from $38.00) on shares of HomeTrust Bancshares in a research report on Tuesday, October 29th. Hovde Group initiated 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. Finally, Raymond James cut HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th.

HomeTrust Bancshares Stock Performance

The company has a current ratio of 1.11, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $34.79 and a two-hundred day moving average price of $32.64. The stock has a market capitalization of $654.04 million, a P/E ratio of 11.98 and a beta of 0.81.

HomeTrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.04). The business had revenue of $74.93 million during the quarter, compared to analyst estimates of $50.13 million. HomeTrust Bancshares had a net margin of 18.53% and a return on equity of 10.41%. On average, equities analysts forecast that HomeTrust Bancshares, Inc. will post 3.11 earnings per share for the current year.

HomeTrust Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.29%. This is a boost from HomeTrust Bancshares’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, November 14th. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 15.19%.

Institutional Investors Weigh In On HomeTrust Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of HTBI. Rhumbline Advisers grew 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 buying an additional 435 shares during the period. Panagora Asset Management Inc. increased its holdings 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 valued at $2,771,000 after acquiring an additional 528 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of 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 3rd quarter. Franklin Resources Inc. now owns 15,871 shares of the financial services provider’s stock worth $542,000 after purchasing an additional 1,281 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of HomeTrust Bancshares by 0.4% in the 3rd quarter. State Street Corp now owns 365,453 shares of the financial services provider’s stock worth $12,455,000 after purchasing an additional 1,428 shares in the last quarter. 60.94% of the stock is owned by institutional investors.

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.