HomeTrust Bancshares (NASDAQ:HTBI) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of HomeTrust Bancshares (NASDAQ:HTBIFree Report) from a hold rating to a buy rating in a research report report published on Monday morning.

A number of other research analysts have also weighed in on the stock. Raymond James raised their target price on shares of HomeTrust Bancshares from $30.00 to $33.00 and gave the stock an outperform rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods raised HomeTrust Bancshares from a market perform rating to an outperform rating and set a $32.00 target price for the company in a research note on Wednesday, February 21st. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of Buy and an average price target of $30.00.

Read Our Latest Report on HomeTrust Bancshares

HomeTrust Bancshares Stock Up 1.7 %

NASDAQ HTBI opened at $28.41 on Monday. HomeTrust Bancshares has a one year low of $18.37 and a one year high of $30.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.12. The business has a fifty day moving average price of $25.76 and a 200 day moving average price of $25.42. The company has a market cap of $495.47 million, a P/E ratio of 8.23 and a beta of 0.78.

HomeTrust Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, May 15th. HomeTrust Bancshares’s dividend payout ratio is presently 12.75%.

Institutional Trading of HomeTrust Bancshares

Several institutional investors have recently added to or reduced their stakes in the stock. AMG National Trust Bank raised its holdings in shares of HomeTrust Bancshares by 237.3% in the 4th quarter. AMG National Trust Bank now owns 239,469 shares of the financial services provider’s stock valued at $6,447,000 after buying an additional 168,469 shares during the period. Hennessy Advisors Inc. grew its holdings in shares of HomeTrust Bancshares by 26.7% in the first quarter. Hennessy Advisors Inc. now owns 95,000 shares of the financial services provider’s stock valued at $2,597,000 after purchasing an additional 20,000 shares in the last quarter. BHZ Capital Management LP increased its stake in HomeTrust Bancshares by 43.9% during the 4th quarter. BHZ Capital Management LP now owns 59,477 shares of the financial services provider’s stock worth $1,601,000 after buying an additional 18,156 shares during the period. Brandywine Global Investment Management LLC boosted its position in HomeTrust Bancshares by 32.8% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 52,632 shares of the financial services provider’s stock valued at $1,141,000 after buying an additional 12,994 shares during the period. Finally, Citigroup Inc. increased its position in shares of HomeTrust Bancshares by 96.1% during the third quarter. Citigroup Inc. now owns 24,076 shares of the financial services provider’s stock worth $522,000 after acquiring an additional 11,800 shares during the period. Institutional investors and hedge funds own 60.94% of the company’s stock.

About HomeTrust Bancshares

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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.

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