HomeTrust Bancshares (NASDAQ:HTBI) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the financial services provider’s stock.

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

HomeTrust Bancshares Stock Down 1.8 %

NASDAQ HTBI opened at $36.53 on Thursday. HomeTrust Bancshares has a fifty-two week low of $23.55 and a fifty-two week high of $38.99. The stock has a market capitalization of $640.28 million, a PE ratio of 11.41 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.06. The business has a fifty day moving average price of $35.96 and a two-hundred day moving average price of $35.40.

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

HomeTrust Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 15.00%.

Hedge Funds Weigh In On HomeTrust Bancshares

A number of hedge funds have recently modified their holdings of HTBI. Tower Research Capital LLC TRC lifted its holdings in shares of 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 worth $84,000 after purchasing an additional 1,446 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of HomeTrust Bancshares by 28.4% during the third quarter. BNP Paribas Financial Markets now owns 3,499 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 774 shares during the period. Princeton Capital Management LLC acquired a new position in shares of HomeTrust Bancshares during the third quarter worth $222,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of HomeTrust Bancshares during the fourth quarter worth $233,000. Finally, XTX Topco Ltd acquired a new position in shares of HomeTrust Bancshares during the third quarter worth $257,000. Institutional investors and hedge funds own 60.94% of the company’s stock.

About HomeTrust Bancshares

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.