HomeTrust Bancshares (NASDAQ:HTBI) Stock Price Passes Above 200-Day Moving Average of $25.24

HomeTrust Bancshares, Inc. (NASDAQ:HTBI)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.24 and traded as high as $28.03. HomeTrust Bancshares shares last traded at $28.02, with a volume of 22,716 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Raymond James boosted their target price on shares of HomeTrust Bancshares from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report 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 objective for the company in a research report on Wednesday, February 21st. Finally, StockNews.com downgraded HomeTrust Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, HomeTrust Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

HomeTrust Bancshares Price Performance

The firm has a market cap of $488.81 million, a price-to-earnings ratio of 8.12 and a beta of 0.78. The business’s 50-day moving average price is $25.66 and its two-hundred day moving average price is $25.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 1.10.

HomeTrust Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, May 15th. HomeTrust Bancshares’s payout ratio is currently 12.75%.

Hedge Funds Weigh In On HomeTrust Bancshares

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of HomeTrust Bancshares during the 3rd quarter valued at approximately $131,000. Beese Fulmer Investment Management Inc. acquired a new stake in HomeTrust Bancshares in the 4th quarter valued at about $208,000. BNP Paribas Financial Markets grew its position in HomeTrust Bancshares by 21.8% in the fourth quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock worth $416,000 after buying an additional 2,764 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of HomeTrust Bancshares by 96.1% during the third quarter. Citigroup Inc. now owns 24,076 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 11,800 shares during the last quarter. Finally, Brandywine Global Investment Management LLC increased its position in shares of HomeTrust Bancshares by 32.8% in the third quarter. Brandywine Global Investment Management LLC now owns 52,632 shares of the financial services provider’s stock worth $1,141,000 after acquiring an additional 12,994 shares in the last quarter. 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.