HomeTrust Bancshares (NASDAQ:HTBI – Get Rating) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Saturday.
A number of other equities analysts have also recently commented on the stock. Raymond James assumed coverage on shares of HomeTrust Bancshares in a research note on Thursday, September 1st. They issued an "outperform" rating and a $30.00 price target for the company. Compass Point cut shares of HomeTrust Bancshares from a "buy" rating to a "neutral" rating and set a $25.00 price objective for the company. in a research note on Tuesday, July 26th. Finally, Piper Sandler cut their price objective on shares of HomeTrust Bancshares to $27.00 in a research note on Monday, July 4th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.33.
Get HomeTrust Bancshares alerts:HomeTrust Bancshares Price Performance
HTBI stock opened at $22.10 on Friday. HomeTrust Bancshares has a one year low of $22.08 and a one year high of $32.60. The stock has a market cap of $345.16 million, a PE ratio of 9.91 and a beta of 0.60. The firm has a 50 day simple moving average of $23.86 and a two-hundred day simple moving average of $26.05.
HomeTrust Bancshares (NASDAQ:HTBI – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.17). HomeTrust Bancshares had a return on equity of 9.01% and a net margin of 22.96%. The company had revenue of $38.58 million during the quarter, compared to analysts' expectations of $37.56 million. On average, research analysts expect that HomeTrust Bancshares will post 2.39 EPS for the current fiscal year.Insider Activity at HomeTrust Bancshares
In other news, Director Robert E. James purchased 2,500 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was bought at an average cost of $22.81 per share, for a total transaction of $57,025.00. Following the acquisition, the director now directly owns 12,799 shares of the company's stock, valued at approximately $291,945.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.59% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On HomeTrust Bancshares
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Global Investments raised its holdings in HomeTrust Bancshares by 17.3% during the 2nd quarter. Summit Global Investments now owns 16,300 shares of the financial services provider's stock valued at $408,000 after buying an additional 2,400 shares during the last quarter. Captrust Financial Advisors raised its holdings in HomeTrust Bancshares by 121.8% in the 2nd quarter. Captrust Financial Advisors now owns 123,754 shares of the financial services provider's stock worth $3,094,000 after purchasing an additional 67,965 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in HomeTrust Bancshares by 36.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 138,493 shares of the financial services provider's stock worth $3,462,000 after purchasing an additional 36,721 shares in the last quarter. AQR Capital Management LLC raised its holdings in HomeTrust Bancshares by 16.3% in the 2nd quarter. AQR Capital Management LLC now owns 84,816 shares of the financial services provider's stock worth $2,120,000 after purchasing an additional 11,886 shares in the last quarter. Finally, State Street Corp raised its holdings in HomeTrust Bancshares by 4.4% in the 2nd quarter. State Street Corp now owns 340,118 shares of the financial services provider's stock worth $8,503,000 after purchasing an additional 14,303 shares in the last quarter. 59.30% of the stock is currently owned by institutional investors.
About HomeTrust Bancshares
(Get Rating)
HomeTrust Bancshares, Inc operates as the bank holding company for HomeTrust Bank that provides a range of retail and commercial banking products and services. Its deposit products include savings, money market, and demand accounts, as well as certificates of deposit for individuals, businesses, and nonprofit organizations.
Featured Articles
- Get a free copy of the StockNews.com research report on HomeTrust Bancshares (HTBI)
- EV Battery Maker Freyr Set For Major Global Expansion
- MarketBeat: Week in Review 9/26 – 9/30
- This Is A Memorable Time To Buy Into Micron Technology
- Let Paychex Stock Work Hard For You
- Thor Industries Hammers Out A Bottom
Receive News & Ratings for HomeTrust Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HomeTrust Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.