HomeTrust Bancshares (NASDAQ:HTBI) Price Target Raised to $33.00 at Raymond James

HomeTrust Bancshares (NASDAQ:HTBIFree Report) had its target price boosted by Raymond James from $30.00 to $33.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Raymond James currently has an outperform rating on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler decreased their price target on HomeTrust Bancshares from $28.00 to $25.00 and set an overweight rating for the company in a research note on Monday, October 30th. StockNews.com began coverage on HomeTrust Bancshares in a research note on Thursday, October 5th. They set a hold rating for the company. Finally, TheStreet raised HomeTrust Bancshares from a c rating to a b- rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, HomeTrust Bancshares has an average rating of Moderate Buy and a consensus price target of $29.00.

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HomeTrust Bancshares Price Performance

HomeTrust Bancshares stock opened at $26.62 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $462.74 million, a PE ratio of 8.96 and a beta of 0.77. HomeTrust Bancshares has a 12 month low of $18.02 and a 12 month high of $30.99. The stock has a 50-day moving average price of $26.25 and a two-hundred day moving average price of $23.77.

HomeTrust Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.44 annualized dividend and a yield of 1.65%. HomeTrust Bancshares’s payout ratio is currently 14.81%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HTBI. Hennessy Advisors Inc. lifted its holdings in shares of HomeTrust Bancshares by 19.0% in the fourth quarter. Hennessy Advisors Inc. now owns 75,000 shares of the financial services provider’s stock valued at $2,019,000 after purchasing an additional 12,000 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of HomeTrust Bancshares by 23.0% in the fourth quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 1,390 shares in the last quarter. Beese Fulmer Investment Management Inc. bought a new position in shares of HomeTrust Bancshares in the fourth quarter valued at approximately $208,000. Vanguard Group Inc. lifted its holdings in shares of HomeTrust Bancshares by 0.9% in the third quarter. Vanguard Group Inc. now owns 829,903 shares of the financial services provider’s stock valued at $17,984,000 after purchasing an additional 7,578 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in 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 own 54.73% of the company’s stock.

HomeTrust Bancshares Company Profile

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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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