StockNews.com Begins Coverage on HomeTrust Bancshares (NASDAQ:HTBI)

Stock analysts at StockNews.com initiated coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a report issued on Friday. The firm set a “hold” rating on the financial services provider’s stock.

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

HomeTrust Bancshares Price Performance

HomeTrust Bancshares stock opened at $36.53 on Friday. HomeTrust Bancshares has a 12-month low of $23.55 and a 12-month high of $38.99. The stock has a market capitalization of $640.28 million, a P/E ratio of 11.41 and a beta of 0.86. The firm’s 50-day moving average is $36.36 and its two-hundred day moving average is $35.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.06.

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

Institutional Investors Weigh In On HomeTrust Bancshares

Several hedge funds have recently modified their holdings of the stock. Two Sigma Advisers LP raised its holdings in HomeTrust Bancshares by 16.3% in the fourth quarter. Two Sigma Advisers LP now owns 37,900 shares of the financial services provider’s stock valued at $1,276,000 after buying an additional 5,300 shares during the period. Two Sigma Investments LP raised its holdings in HomeTrust Bancshares by 10.1% in the fourth quarter. Two Sigma Investments LP now owns 35,140 shares of the financial services provider’s stock valued at $1,184,000 after buying an additional 3,210 shares during the period. Nuveen Asset Management LLC raised its holdings in HomeTrust Bancshares by 13.9% in the fourth quarter. Nuveen Asset Management LLC now owns 58,976 shares of the financial services provider’s stock valued at $1,986,000 after buying an additional 7,200 shares during the period. Millennium Management LLC raised its holdings in HomeTrust Bancshares by 217.0% in the fourth quarter. Millennium Management LLC now owns 47,921 shares of the financial services provider’s stock valued at $1,614,000 after buying an additional 32,805 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in HomeTrust Bancshares by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,385 shares of the financial services provider’s stock valued at $282,000 after buying an additional 329 shares during the period. 60.94% of the stock is owned by institutional investors and hedge funds.

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.