StockNews.com Begins Coverage on HomeTrust Bancshares (NASDAQ:HTBI)

Equities research analysts at StockNews.com began coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a note issued to investors on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods upped their price objective on HomeTrust Bancshares from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

HomeTrust Bancshares Stock Down 1.8 %

Shares of HomeTrust Bancshares stock opened at $36.53 on Friday. HomeTrust Bancshares has a twelve month low of $23.55 and a twelve month high of $38.99. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $36.27 and its 200 day moving average is $35.41. The company has a market cap of $640.28 million, a price-to-earnings ratio of 11.41 and a beta of 0.86.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.08. HomeTrust Bancshares had a return on equity of 10.43% and a net margin of 18.57%. Research analysts anticipate that HomeTrust Bancshares will post 3.02 EPS for the current year.

Institutional Investors Weigh In On HomeTrust Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in HomeTrust Bancshares by 138.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,490 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 1,446 shares in the last quarter. BNP Paribas Financial Markets increased its position in HomeTrust Bancshares by 28.4% in the third quarter. BNP Paribas Financial Markets now owns 3,499 shares of the financial services provider’s stock worth $119,000 after buying an additional 774 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of HomeTrust Bancshares in the fourth quarter worth about $233,000. XTX Topco Ltd purchased a new position in shares of HomeTrust Bancshares during the 3rd quarter valued at about $257,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of HomeTrust Bancshares by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,385 shares of the financial services provider’s stock valued at $282,000 after buying an additional 329 shares in the last quarter. 60.94% of the stock is currently 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.