HomeTrust Bancshares (NASDAQ:HTBI) Raised 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 note published on Friday.

HomeTrust Bancshares Trading Down 1.0 %

NASDAQ:HTBI opened at $27.76 on Friday. HomeTrust Bancshares has a fifty-two week low of $19.37 and a fifty-two week high of $30.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.12 and a quick ratio of 1.06. The stock has a market capitalization of $484.13 million, a PE ratio of 8.05 and a beta of 0.80. The business’s 50-day simple moving average is $27.16 and its 200-day simple moving average is $26.57.

HomeTrust Bancshares (NASDAQ:HTBIGet Free Report) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.70 by $0.18. The firm had revenue of $50.04 million for the quarter, compared to analysts’ expectations of $47.66 million. HomeTrust Bancshares had a return on equity of 11.86% and a net margin of 20.87%.

HomeTrust Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Wednesday, May 15th. HomeTrust Bancshares’s payout ratio is 12.75%.

Institutional Investors Weigh In On HomeTrust Bancshares

Several institutional investors have recently bought and sold shares of the company. EJF Capital LLC raised its stake in shares of HomeTrust Bancshares by 185.6% during the 1st quarter. EJF Capital LLC now owns 116,624 shares of the financial services provider’s stock worth $3,188,000 after purchasing an additional 75,789 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of HomeTrust Bancshares during the 1st quarter worth approximately $323,000. Vanguard Group Inc. raised its stake in shares of HomeTrust Bancshares by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 867,557 shares of the financial services provider’s stock worth $23,719,000 after purchasing an additional 5,364 shares in the last quarter. Hennessy Advisors Inc. raised its stake in shares of HomeTrust Bancshares by 26.7% during the 1st quarter. Hennessy Advisors Inc. now owns 95,000 shares of the financial services provider’s stock worth $2,597,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of HomeTrust Bancshares by 8.2% during the 1st quarter. Los Angeles Capital Management LLC now owns 42,438 shares of the financial services provider’s stock worth $1,160,000 after purchasing an additional 3,210 shares in the last quarter. Institutional investors own 60.94% of the company’s stock.

HomeTrust Bancshares Company Profile

(Get Free Report)

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.

Further Reading

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