HomeTrust Bancshares (NASDAQ:HTBI) Shares Pass Above 200-Day Moving Average of $25.24

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) crossed 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.

Analyst Upgrades and Downgrades

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

HomeTrust Bancshares Trading Up 1.2 %

The company 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 fifty day moving average price is $25.66 and its 200 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 declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a $0.11 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.57%. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 12.75%.

Hedge Funds Weigh In On HomeTrust Bancshares

A number of hedge funds have recently made changes to their positions in HTBI. Vanguard Group Inc. increased its position in HomeTrust Bancshares by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 829,903 shares of the financial services provider’s stock valued at $17,984,000 after purchasing an additional 7,578 shares during the period. Kennedy Capital Management LLC raised its stake in HomeTrust Bancshares by 2.1% during the third quarter. Kennedy Capital Management LLC now owns 441,633 shares of the financial services provider’s stock worth $9,570,000 after buying an additional 9,175 shares during the last quarter. AMG National Trust Bank lifted its holdings in HomeTrust Bancshares by 237.3% in the fourth quarter. AMG National Trust Bank now owns 239,469 shares of the financial services provider’s stock valued at $6,447,000 after buying an additional 168,469 shares during the period. Panagora Asset Management Inc. boosted its position in HomeTrust Bancshares by 7.2% during the third quarter. Panagora Asset Management Inc. now owns 96,758 shares of the financial services provider’s stock valued at $2,097,000 after acquiring an additional 6,507 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its holdings in HomeTrust Bancshares by 26.7% during the 1st quarter. Hennessy Advisors Inc. now owns 95,000 shares of the financial services provider’s stock worth $2,597,000 after acquiring an additional 20,000 shares during the period. 60.94% of the stock is currently owned by institutional investors.

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.