HomeTrust Bancshares (NASDAQ:HTBI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of HomeTrust Bancshares (NASDAQ:HTBI) from a hold rating to a buy rating in a research note issued to investors on Thursday.

HTBI has been the topic of several other reports. Raymond James increased 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 upgraded shares of HomeTrust Bancshares from a market perform rating to an outperform rating and set a $32.00 price target for the company in a report on Wednesday, February 21st. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of Buy and an average target price of $30.00.

HomeTrust Bancshares Trading Up 1.5 %

Shares of HTBI stock opened at $24.30 on Thursday. The stock’s 50-day moving average price is $25.62 and its 200-day moving average price is $24.74. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.95. HomeTrust Bancshares has a 12-month low of $18.02 and a 12-month high of $30.99. The stock has a market capitalization of $423.79 million, a price-to-earnings ratio of 8.18 and a beta of 0.77.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $50.17 million during the quarter, compared to analyst estimates of $48.66 million. HomeTrust Bancshares had a return on equity of 11.41% and a net margin of 18.77%.

Hedge Funds Weigh In On HomeTrust Bancshares

Several institutional investors and hedge funds have recently modified their holdings of HTBI. BlackRock Inc. increased its position in shares of HomeTrust Bancshares by 16.7% in the third quarter. BlackRock Inc. now owns 1,336,575 shares of the financial services provider’s stock worth $29,537,000 after acquiring an additional 191,524 shares in the last quarter. AMG National Trust Bank lifted its position in shares of HomeTrust Bancshares by 237.3% in the 4th quarter. AMG National Trust Bank now owns 239,469 shares of the financial services provider’s stock worth $6,447,000 after buying an additional 168,469 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of HomeTrust Bancshares by 394.9% in the 3rd quarter. Citadel Advisors LLC now owns 90,987 shares of the financial services provider’s stock worth $2,011,000 after buying an additional 72,601 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of HomeTrust Bancshares by 121.8% in the 2nd quarter. Captrust Financial Advisors now owns 123,754 shares of the financial services provider’s stock worth $3,094,000 after buying an additional 67,965 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of HomeTrust Bancshares by 31.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 194,921 shares of the financial services provider’s stock worth $4,872,000 after buying an additional 46,592 shares during the last quarter. Hedge funds and other institutional investors own 60.94% of the company’s stock.

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.