HomeTrust Bancshares (NASDAQ:HTBI) Downgraded by Raymond James to “Market Perform”

Raymond James cut shares of HomeTrust Bancshares (NASDAQ:HTBI) from an outperform rating to a market perform rating in a research note issued to investors on Monday morning, MarketBeat.com reports.

HTBI has been the subject of several other reports. StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Hovde Group started coverage on HomeTrust Bancshares in a report on Wednesday, July 31st. They set an “outperform” rating and a $42.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised 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. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.00.

HomeTrust Bancshares Stock Up 1.2 %

Shares of NASDAQ:HTBI opened at $33.50 on Monday. HomeTrust Bancshares has a 1 year low of $20.22 and a 1 year high of $36.79. The stock has a 50-day simple moving average of $34.32 and a 200-day simple moving average of $31.17. The stock has a market capitalization of $584.41 million, a P/E ratio of 9.80 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.08 and a current ratio of 1.14.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.04). HomeTrust Bancshares had a return on equity of 11.04% and a net margin of 19.42%. The company had revenue of $74.93 million for the quarter, compared to analyst estimates of $50.13 million. Equities analysts forecast that HomeTrust Bancshares will post 3.18 earnings per share for the current year.

HomeTrust Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, November 14th. This is an increase from HomeTrust Bancshares’s previous quarterly dividend of $0.11. HomeTrust Bancshares’s dividend payout ratio is 13.91%.

Hedge Funds Weigh In On HomeTrust Bancshares

A number of institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its stake in HomeTrust Bancshares by 2.0% during the 2nd quarter. Rhumbline Advisers now owns 22,647 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 435 shares during the period. Panagora Asset Management Inc. grew 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 buying an additional 528 shares in the last quarter. Huber Capital Management LLC raised its position in HomeTrust Bancshares by 9.1% during the second quarter. Huber Capital Management LLC now owns 17,742 shares of the financial services provider’s stock valued at $533,000 after buying an additional 1,487 shares during the period. Salzhauer Michael lifted its stake in HomeTrust Bancshares by 9.8% in the 2nd quarter. Salzhauer Michael now owns 25,374 shares of the financial services provider’s stock worth $762,000 after acquiring an additional 2,260 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in HomeTrust Bancshares by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 867,557 shares of the financial services provider’s stock worth $23,719,000 after acquiring an additional 5,364 shares during the period. Hedge funds and other institutional investors own 60.94% of the company’s stock.

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.