HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Sees Significant Increase in Short Interest

HomeTrust Bancshares, Inc. (NASDAQ:HTBIGet Free Report) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 90,000 shares, an increase of 11.8% from the February 29th total of 80,500 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 32,400 shares, the short-interest ratio is presently 2.8 days.

Institutional Investors Weigh In On HomeTrust Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of HomeTrust Bancshares by 2.4% in the second quarter. BlackRock Inc. now owns 1,732,167 shares of the financial services provider’s stock valued at $36,185,000 after purchasing an additional 41,325 shares during the last quarter. Vanguard Group Inc. grew its position in shares of HomeTrust Bancshares by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 862,193 shares of the financial services provider’s stock valued at $23,210,000 after purchasing an additional 32,290 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of HomeTrust Bancshares by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 608,459 shares of the financial services provider’s stock valued at $16,380,000 after purchasing an additional 2,613 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its position in shares of HomeTrust Bancshares by 2.1% in the third quarter. Kennedy Capital Management LLC now owns 441,633 shares of the financial services provider’s stock valued at $9,570,000 after purchasing an additional 9,175 shares during the last quarter. 60.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Raymond James raised their target price on shares of HomeTrust Bancshares from $30.00 to $33.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods raised shares of HomeTrust Bancshares from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Wednesday, February 21st. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, HomeTrust Bancshares currently has an average rating of “Moderate Buy” and an average target price of $30.00.

Check Out Our Latest Report on HTBI

HomeTrust Bancshares Stock Performance

Shares of HTBI stock opened at $27.34 on Monday. 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 firm has a fifty day moving average price of $26.30 and a 200 day moving average price of $24.42. The company has a market cap of $476.81 million, a P/E ratio of 9.21 and a beta of 0.77. HomeTrust Bancshares has a 12 month low of $18.02 and a 12 month high of $30.99.

HomeTrust Bancshares (NASDAQ:HTBIGet Free Report) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $50.17 million during the quarter, compared to the consensus estimate of $48.66 million. HomeTrust Bancshares had a net margin of 18.77% and a return on equity of 11.41%.

HomeTrust Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.61%. HomeTrust Bancshares’s payout ratio is 14.81%.

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.

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