HomeTrust Bancshares (NASDAQ:HTBI) Rating Increased to Buy at StockNews.com

HomeTrust Bancshares (NASDAQ:HTBI) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

HTBI has been the topic of a number of other research reports. Keefe, Bruyette & Woods upgraded HomeTrust Bancshares from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research note on Wednesday, February 21st. Raymond James upped their price objective on HomeTrust Bancshares from $30.00 to $33.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $30.00.

HomeTrust Bancshares Stock Up 0.5 %

NASDAQ HTBI traded up $0.12 during trading on Thursday, hitting $23.95. The stock had a trading volume of 34,793 shares, compared to its average volume of 32,115. The company has a market capitalization of $417.69 million, a PE ratio of 8.06 and a beta of 0.77. The company’s 50-day moving average price is $25.71 and its two-hundred day moving average price is $24.66. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.15. HomeTrust Bancshares has a 12 month low of $18.02 and a 12 month high of $30.99.

HomeTrust Bancshares (NASDAQ:HTBI) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. HomeTrust Bancshares had a return on equity of 11.41% and a net margin of 18.77%. The firm had revenue of $50.17 million for the quarter, compared to analysts’ expectations of $48.66 million.

Institutional Investors Weigh In On HomeTrust Bancshares

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in HomeTrust Bancshares by 4.3% in the 3rd quarter. Royal Bank of Canada now owns 11,813 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 491 shares during the period. FMR LLC raised its stake in HomeTrust Bancshares by 60.7% in the 1st quarter. FMR LLC now owns 1,554 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 587 shares during the period. BNP Paribas Arbitrage SA raised its stake in HomeTrust Bancshares by 20.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,645 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 614 shares during the period. Charles Schwab Investment Management Inc. raised its stake in HomeTrust Bancshares by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 38,330 shares of the financial services provider’s stock valued at $926,000 after acquiring an additional 671 shares during the period. Finally, First Trust Advisors LP raised its stake in HomeTrust Bancshares by 9.3% in the 1st quarter. First Trust Advisors LP now owns 8,276 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 704 shares during the period. 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.