HomeTrust Bancshares (NASDAQ:HTBI) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a report published on Sunday morning. The brokerage issued a hold rating on the financial services provider’s stock.

HomeTrust Bancshares Stock Down 1.8 %

Shares of HTBI stock opened at $36.53 on Friday. The stock has a market cap of $640.28 million, a P/E ratio of 11.41 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.06. The stock has a fifty day moving average price of $36.82 and a 200 day moving average price of $35.53. HomeTrust Bancshares has a one year low of $23.55 and a one year high of $38.99.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.08. HomeTrust Bancshares had a net margin of 18.57% and a return on equity of 10.43%. Analysts predict that HomeTrust Bancshares will post 3.02 earnings per share for the current year.

HomeTrust Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.48 annualized dividend and a yield of 1.31%. HomeTrust Bancshares’s dividend payout ratio is currently 15.00%.

Institutional Investors Weigh In On HomeTrust Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in HomeTrust Bancshares by 3.8% in the fourth quarter. Wellington Management Group LLP now owns 372,727 shares of the financial services provider’s stock valued at $12,553,000 after buying an additional 13,589 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of HomeTrust Bancshares by 16.3% in the 4th quarter. Two Sigma Advisers LP now owns 37,900 shares of the financial services provider’s stock worth $1,276,000 after acquiring an additional 5,300 shares in the last quarter. Two Sigma Investments LP grew its position in HomeTrust Bancshares by 10.1% during the 4th quarter. Two Sigma Investments LP now owns 35,140 shares of the financial services provider’s stock worth $1,184,000 after acquiring an additional 3,210 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in HomeTrust Bancshares by 13.9% during the 4th quarter. Nuveen Asset Management LLC now owns 58,976 shares of the financial services provider’s stock valued at $1,986,000 after purchasing an additional 7,200 shares in the last quarter. Finally, Millennium Management LLC raised its position in HomeTrust Bancshares by 217.0% in the 4th quarter. Millennium Management LLC now owns 47,921 shares of the financial services provider’s stock valued at $1,614,000 after purchasing an additional 32,805 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.