HomeTrust Bancshares (NASDAQ:HTBI) Hits New 12-Month High – Still a Buy?

HomeTrust Bancshares, Inc. (NASDAQ:HTBI)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $39.90 and last traded at $39.90, with a volume of 102 shares traded. The stock had previously closed at $37.98.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HTBI shares. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $39.00 price objective (up previously from $38.00) on shares of HomeTrust Bancshares in a research report on Tuesday, October 29th. StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Hovde Group started coverage on HomeTrust Bancshares in a research report on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 price objective on the stock. Finally, Raymond James lowered HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, HomeTrust Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

HomeTrust Bancshares Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.08 and a current ratio of 1.11. The firm has a market capitalization of $664.39 million, a price-to-earnings ratio of 12.02 and a beta of 0.81. The company has a 50 day moving average price of $34.22 and a two-hundred day moving average price of $31.81.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.04). The business had revenue of $74.93 million for the quarter, compared to analyst estimates of $50.13 million. HomeTrust Bancshares had a return on equity of 10.41% and a net margin of 18.53%. On average, research analysts forecast that HomeTrust Bancshares, Inc. will post 3.11 EPS for the current year.

HomeTrust Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.27%. This is an increase from HomeTrust Bancshares’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, November 14th. HomeTrust Bancshares’s dividend payout ratio is presently 13.92%.

Hedge Funds Weigh In On HomeTrust Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in HomeTrust Bancshares by 20.1% during the 2nd quarter. American Century Companies Inc. now owns 239,722 shares of the financial services provider’s stock valued at $7,199,000 after acquiring an additional 40,201 shares during the period. Sierra Summit Advisors LLC purchased a new position in shares of HomeTrust Bancshares in the 2nd quarter valued at about $711,000. Vanguard Group Inc. boosted its stake in shares of HomeTrust Bancshares by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 867,557 shares of the financial services provider’s stock valued at $23,719,000 after buying an additional 5,364 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of HomeTrust Bancshares by 11.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,363 shares of the financial services provider’s stock valued at $2,023,000 after buying an additional 6,723 shares during the period. Finally, Rosenthal Henry Capital Advisors Inc. purchased a new position in shares of HomeTrust Bancshares in the 3rd quarter valued at about $911,000. 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.