HomeTrust Bancshares (NASDAQ:HTBI) Hits New 1-Year High – Still a Buy?

HomeTrust Bancshares, Inc. (NASDAQ:HTBI)’s share price hit a new 52-week high on Monday . The company traded as high as $38.96 and last traded at $38.85, with a volume of 33474 shares traded. The stock had previously closed at $37.68.

Wall Street Analyst Weigh In

HTBI has been the topic of a number of recent analyst reports. Hovde Group began coverage on HomeTrust Bancshares in a research note on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 price objective on the stock. Raymond James cut HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $39.00 price objective (up previously from $38.00) on shares of HomeTrust Bancshares in a research note on Tuesday, October 29th.

HomeTrust Bancshares Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.11. The business has a 50 day moving average of $34.69 and a two-hundred day moving average of $32.50. The firm has a market capitalization of $670.87 million, a price-to-earnings ratio of 11.92 and a beta of 0.81.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.04). HomeTrust Bancshares had a return on equity of 10.41% and a net margin of 18.53%. The business had revenue of $74.93 million for the quarter, compared to analyst estimates of $50.13 million. Equities analysts predict that HomeTrust Bancshares, Inc. will post 3.11 EPS for the current year.

HomeTrust Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.11. HomeTrust Bancshares’s dividend payout ratio (DPR) is currently 15.19%.

Institutional Investors Weigh In On HomeTrust Bancshares

Several institutional investors have recently bought and sold shares of HTBI. Vanguard Group Inc. grew its stake in shares of HomeTrust Bancshares by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 867,557 shares of the financial services provider’s stock worth $23,719,000 after acquiring an additional 5,364 shares in the last quarter. Quadrature Capital Ltd bought a new stake in HomeTrust Bancshares in the 1st quarter worth about $323,000. EJF Capital LLC increased its stake in HomeTrust Bancshares by 185.6% in the 1st quarter. EJF Capital LLC now owns 116,624 shares of the financial services provider’s stock valued at $3,188,000 after buying an additional 75,789 shares during the last quarter. Hennessy Advisors Inc. lifted its position in shares of HomeTrust Bancshares by 10.5% during the 2nd quarter. Hennessy Advisors Inc. now owns 105,000 shares of the financial services provider’s stock worth $3,153,000 after buying an additional 10,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of HomeTrust Bancshares by 11.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,363 shares of the financial services provider’s stock worth $2,023,000 after buying an additional 6,723 shares during the last quarter. Institutional investors 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.