HomeTrust Bancshares (NASDAQ:HTBI) Sets New 1-Year High at $36.53

Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) reached a new 52-week high on Friday . The stock traded as high as $36.53 and last traded at $36.27, with a volume of 5763 shares traded. The stock had previously closed at $35.94.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HTBI. StockNews.com raised HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Hovde Group initiated coverage on shares of HomeTrust Bancshares in a report on Wednesday, July 31st. They set an “outperform” rating and a $42.00 price objective for the company. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of HomeTrust Bancshares from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, HomeTrust Bancshares currently has a consensus rating of “Buy” and a consensus target price of $34.50.

HomeTrust Bancshares Price Performance

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 stock has a market cap of $636.04 million, a PE ratio of 10.42 and a beta of 0.82. The business has a 50-day moving average price of $32.51 and a 200 day moving average price of $28.59.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.73 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%.

HomeTrust Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.44 dividend on an annualized basis and a yield of 1.21%. HomeTrust Bancshares’s dividend payout ratio is 12.75%.

Institutional Investors Weigh In On HomeTrust Bancshares

Several institutional investors have recently made changes to their positions in HTBI. AQR Capital Management LLC purchased a new position in shares of HomeTrust Bancshares in the second quarter valued at $201,000. Quadrature Capital Ltd purchased a new position in HomeTrust Bancshares during the 1st quarter valued at about $323,000. BNP Paribas Financial Markets increased its position in shares of HomeTrust Bancshares by 21.8% during the fourth quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock valued at $416,000 after buying an additional 2,764 shares during the period. Huber Capital Management LLC lifted its holdings in shares of HomeTrust Bancshares by 9.1% in the second quarter. Huber Capital Management LLC now owns 17,742 shares of the financial services provider’s stock worth $533,000 after buying an additional 1,487 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of HomeTrust Bancshares by 2.0% in the second quarter. Rhumbline Advisers now owns 22,647 shares of the financial services provider’s stock valued at $680,000 after acquiring an additional 435 shares during the period. Hedge funds and other institutional investors own 60.94% of the company’s stock.

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.