HomeTrust Bancshares (NASDAQ:HTBI) Upgraded by StockNews.com to “Buy”

HomeTrust Bancshares (NASDAQ:HTBI) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Other equities research analysts also recently issued research reports about the stock. 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 report 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 on the stock in a research note on Wednesday, February 21st. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, HomeTrust Bancshares presently has an average rating of “Buy” and a consensus price target of $30.00.

HomeTrust Bancshares Stock Up 1.5 %

Shares of NASDAQ:HTBI opened at $24.30 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.15. The company has a market cap of $423.79 million, a PE ratio of 8.18 and a beta of 0.77. HomeTrust Bancshares has a 52 week low of $18.02 and a 52 week high of $30.99. The firm has a 50 day simple moving average of $25.62 and a 200 day simple moving average of $24.67.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Hennessy Advisors Inc. grew its stake in HomeTrust Bancshares by 26.7% in the 1st quarter. Hennessy Advisors Inc. now owns 95,000 shares of the financial services provider’s stock valued at $2,597,000 after buying an additional 20,000 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in HomeTrust Bancshares by 8.2% in the 1st quarter. Los Angeles Capital Management LLC now owns 42,438 shares of the financial services provider’s stock valued at $1,160,000 after buying an additional 3,210 shares during the last quarter. Vanguard Group Inc. grew its stake in HomeTrust Bancshares by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 862,193 shares of the financial services provider’s stock valued at $23,210,000 after buying an additional 32,290 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in HomeTrust Bancshares by 4.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 82,364 shares of the financial services provider’s stock valued at $2,217,000 after buying an additional 3,288 shares during the last quarter. Finally, Barclays PLC grew its stake in HomeTrust Bancshares by 34.0% in the 4th quarter. Barclays PLC now owns 62,376 shares of the financial services provider’s stock valued at $1,679,000 after buying an additional 15,825 shares during the last quarter. Institutional investors and hedge funds 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.