HomeTrust Bancshares (NASDAQ:HTBI) Price Target Increased to $38.00 by Analysts at Keefe, Bruyette & Woods

HomeTrust Bancshares (NASDAQ:HTBI) had its target price raised by analysts at Keefe, Bruyette & Woods from $32.00 to $38.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 9.60% from the company’s current price.

Separately, StockNews.com raised shares of HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, HomeTrust Bancshares has a consensus rating of “Buy” and a consensus target price of $32.00.

HomeTrust Bancshares Price Performance

HTBI traded down $0.16 during midday trading on Monday, hitting $34.67. 9,141 shares of the company traded hands, compared to its average volume of 36,903. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $604.64 million, a price-to-earnings ratio of 10.03 and a beta of 0.82. HomeTrust Bancshares has a 52-week low of $19.37 and a 52-week high of $35.77. The business has a 50 day simple moving average of $29.68 and a two-hundred day simple moving average of $27.43.

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, meeting the consensus estimate of $0.73. The business had revenue of $73.53 million for the quarter, compared to the consensus estimate of $48.06 million. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.18%.

Hedge Funds Weigh In On HomeTrust Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in shares of HomeTrust Bancshares by 11.1% in 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 buying an additional 6,723 shares in the last quarter. Hennessy Advisors Inc. raised its stake in HomeTrust Bancshares by 10.5% during the second quarter. Hennessy Advisors Inc. now owns 105,000 shares of the financial services provider’s stock worth $3,153,000 after purchasing an additional 10,000 shares during the period. EJF Capital LLC raised its stake in HomeTrust Bancshares by 185.6% during the first quarter. EJF Capital LLC now owns 116,624 shares of the financial services provider’s stock worth $3,188,000 after purchasing an additional 75,789 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of HomeTrust Bancshares during the first quarter valued at about $323,000. Finally, Vanguard Group Inc. increased its position in shares of HomeTrust Bancshares by 0.6% during the first quarter. Vanguard Group Inc. now owns 867,557 shares of the financial services provider’s stock valued at $23,719,000 after acquiring an additional 5,364 shares during the last quarter. 60.94% of the stock is owned by hedge funds and other 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.