HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Short Interest Up 11.8% in March

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

HomeTrust Bancshares Stock Performance

NASDAQ HTBI opened at $25.56 on Wednesday. The stock’s fifty day moving average is $26.25 and its two-hundred day moving average is $24.46. The firm has a market capitalization of $445.77 million, a P/E ratio of 8.61 and a beta of 0.77. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.15. HomeTrust Bancshares has a fifty-two week low of $18.02 and a fifty-two week high of $30.99.

HomeTrust Bancshares (NASDAQ:HTBIGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The company had revenue of $50.17 million for 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%.

HomeTrust Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, February 14th. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 14.81%.

Hedge Funds Weigh In On HomeTrust Bancshares

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its stake in shares of HomeTrust Bancshares by 112.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,482 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 784 shares during the last quarter. FMR LLC lifted its stake in shares of HomeTrust Bancshares by 60.7% in the 1st quarter. FMR LLC now owns 1,554 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 587 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of HomeTrust Bancshares by 128.4% in the 1st quarter. Federated Hermes Inc. now owns 2,346 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,319 shares during the period. Citigroup Inc. raised its holdings in shares of HomeTrust Bancshares by 113.0% in the 4th quarter. Citigroup Inc. now owns 3,172 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,683 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of HomeTrust Bancshares by 20.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,645 shares of the financial services provider’s stock valued at $91,000 after buying an additional 614 shares during the period. Institutional investors and hedge funds own 60.94% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on HomeTrust Bancshares

About HomeTrust Bancshares

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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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