StockNews.com Downgrades HomeTrust Bancshares (NASDAQ:HTBI) to Hold

StockNews.com downgraded shares of HomeTrust Bancshares (NASDAQ:HTBI) from a buy rating to a hold rating in a report released on Friday.

Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods raised shares of HomeTrust Bancshares from a market perform rating to an outperform rating and set a $32.00 target price on the stock in a research note on Wednesday, February 21st. Raymond James boosted their price objective on HomeTrust Bancshares from $30.00 to $33.00 and gave the stock an outperform rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $30.00.

HomeTrust Bancshares Stock Performance

NASDAQ HTBI opened at $25.77 on Friday. The firm’s 50 day simple moving average is $25.54 and its 200 day simple moving average is $24.95. The firm has a market capitalization of $449.43 million, a price-to-earnings ratio of 7.47 and a beta of 0.77. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.95. HomeTrust Bancshares has a 1 year low of $18.02 and a 1 year high of $30.99.

HomeTrust Bancshares Announces Dividend

The firm 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. This represents a $0.44 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, May 15th. HomeTrust Bancshares’s dividend payout ratio (DPR) is currently 12.75%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HTBI. SG Americas Securities LLC bought a new stake in HomeTrust Bancshares during the third quarter valued at $131,000. Hennessy Advisors Inc. boosted its position in shares of HomeTrust Bancshares by 152.0% during the 3rd quarter. Hennessy Advisors Inc. now owns 63,000 shares of the financial services provider’s stock valued at $1,365,000 after purchasing an additional 38,000 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of HomeTrust Bancshares by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 90,932 shares of the financial services provider’s stock valued at $1,970,000 after purchasing an additional 1,014 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of HomeTrust Bancshares by 7.2% during the 3rd quarter. Panagora Asset Management Inc. now owns 96,758 shares of the financial services provider’s stock worth $2,097,000 after buying an additional 6,507 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of HomeTrust Bancshares by 96.1% during the 3rd quarter. Citigroup Inc. now owns 24,076 shares of the financial services provider’s stock worth $522,000 after buying an additional 11,800 shares during the period. 60.94% of the stock is owned by institutional investors.

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.