HomeTrust Bancshares (NASDAQ:HTBI) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of HomeTrust Bancshares (NASDAQ:HTBI) from a buy rating to a hold rating in a research note published on Wednesday.

Several other equities analysts have also recently weighed in on the company. Keefe, Bruyette & Woods upgraded HomeTrust Bancshares from a market perform rating to an outperform rating and set a $32.00 price objective on the stock in a report on Wednesday, February 21st. Raymond James lifted their price target on shares of HomeTrust Bancshares from $30.00 to $33.00 and gave the company an outperform rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $30.00.

HomeTrust Bancshares Price Performance

HomeTrust Bancshares stock opened at $28.88 on Wednesday. The firm has a market capitalization of $503.67 million, a price-to-earnings ratio of 8.37 and a beta of 0.78. The company’s 50 day simple moving average is $26.11 and its 200 day simple moving average is $25.75. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.12 and a quick ratio of 1.06. HomeTrust Bancshares has a fifty-two week low of $19.37 and a fifty-two week high of $30.99.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.18. HomeTrust Bancshares had a net margin of 20.87% and a return on equity of 11.86%. The company had revenue of $50.04 million for the quarter, compared to analysts’ expectations of $47.66 million.

HomeTrust Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, May 15th. HomeTrust Bancshares’s dividend payout ratio is currently 12.75%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HTBI. Bank of New York Mellon Corp grew its stake in shares of HomeTrust Bancshares by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 90,932 shares of the financial services provider’s stock valued at $1,970,000 after buying an additional 1,014 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of HomeTrust Bancshares by 23.0% during the 4th quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 1,390 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of HomeTrust Bancshares by 21.8% in the 4th quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 2,764 shares during the period. Los Angeles Capital Management LLC lifted its stake in HomeTrust Bancshares by 8.2% in the 1st quarter. Los Angeles Capital Management LLC now owns 42,438 shares of the financial services provider’s stock valued at $1,160,000 after purchasing an additional 3,210 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in HomeTrust Bancshares by 0.6% during the first quarter. Vanguard Group Inc. now owns 867,557 shares of the financial services provider’s stock worth $23,719,000 after buying an additional 5,364 shares during the last quarter. 60.94% of the stock is currently owned by 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.