HomeTrust Bancshares Receives Outperform Rating from Keefe, Bruyette & Woods

HomeTrust Bancshares (NASDAQ:HTBI) has been given an "outperform" rating by financial analysts at Keefe, Bruyette & Woods, as detailed in a recent report. This rating was reaffirmed in a note issued to investors on Tuesday, with the analysts setting a target price of $39.00 for the stock. This new target represents an increase from the previous price target of $38.00. The adjusted price target suggests a potential upside of approximately 18.11% from HomeTrust Bancshares' last closing price.

Analysis from Other Research Firms

Other research analysts have also expressed their viewpoints on HomeTrust Bancshares. For instance, Hovde Group initiated coverage on the company on July 31st and assigned it an "outperform" rating along with a $42.00 price target. Conversely, Raymond James downgraded the stock from an "outperform" rating to a "market perform" rating earlier this week. Additionally, StockNews.com upgraded HomeTrust from a "hold" rating to a "buy" rating on July 25th. Currently, one investment analyst has rated HomeTrust Bancshares with a hold recommendation, while four others have issued buy ratings. According to data from MarketBeat.com, the overall average rating for the stock is classified as a "Moderate Buy" with an average price target of $34.75.

Current Stock Performance

In terms of trading performance, shares of HomeTrust Bancshares experienced a slight decrease, down by $0.02 to $33.02 during trading hours on Tuesday. The trading volume for the day was relatively low at 3,534 shares, compared to an average trading volume of 38,801 shares. Over the past year, the stock has seen a low of $20.22 and a high of $36.79. As of now, the stock's 50-day moving average stands at $34.33, while the 200-day moving average is $31.11. HomeTrust Bancshares has a market capitalization of approximately $576.03 million, a price-to-earnings (P/E) ratio of 9.56, and a beta value of 0.81. The financial metrics indicate a debt-to-equity ratio of 0.72, a current ratio of 1.14, and a quick ratio of 1.08.

Recent Earnings Report

HomeTrust Bancshares released its quarterly earnings data on October 24th, reflecting a quarterly earnings per share (EPS) of $0.76. This figure fell short of the analysts' consensus estimate of $0.80 by $0.04. The firm's reported revenue for the quarter was $74.93 million, considerably higher than the anticipated $50.13 million. For the current year, analysts forecast that HomeTrust Bancshares will achieve an EPS of 3.18.

Investor Activities

Recent movements by large investors have impacted HomeTrust Bancshares as well. AQR Capital Management LLC made a new investment in the company during the second quarter, amounting to $201,000. Similarly, Creative Planning acquired a new stake valued at $266,000 in the third quarter. Quadrature Capital Ltd entered a new position worth $323,000 in the first quarter, while SG Americas Securities LLC bought in during the third quarter for approximately $326,000. Huber Capital Management LLC also increased its position by 9.1% in the second quarter, acquiring an additional 1,487 shares, bringing their total ownership to 17,742 shares valued at around $533,000. Notably, institutional investors now hold 60.94% of HomeTrust Bancshares' stock.

Company Overview

HomeTrust Bancshares, Inc. functions as the bank holding company for HomeTrust Bank, which provides a range of retail and commercial banking products and services. Among its deposit offerings, the company includes savings accounts, money market accounts, noninterest-bearing and interest-bearing checking accounts, and certificates of deposit tailored for individuals, businesses, and nonprofit organizations.

HomeTrust, Stock, Analysts