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

Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) have received a consensus recommendation of “Buy” from the four ratings firms that are currently 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 price target 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.

Institutional Trading of HomeTrust Bancshares

Several institutional investors have recently modified their holdings of the company. Sierra Summit Advisors LLC acquired a new stake in HomeTrust Bancshares during the second quarter worth $711,000. Vanguard Group Inc. raised 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 purchasing an additional 5,364 shares in the last quarter. Bank of New York Mellon Corp lifted 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 purchasing 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 valued at $762,000 after purchasing an additional 2,260 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its stake in shares of HomeTrust Bancshares by 0.6% in the 2nd 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 stock.

HomeTrust Bancshares Price Performance

NASDAQ HTBI opened at $35.19 on Thursday. The stock has a market capitalization 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) 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 business 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 a $0.44 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, August 15th. HomeTrust Bancshares’s payout ratio is presently 12.75%.

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.