Hovde Group Issues Positive Forecast for HomeTrust Bancshares (NYSE:HTB) Stock Price

HomeTrust Bancshares (NYSE:HTB) had its price objective boosted by investment analysts at Hovde Group from $46.50 to $47.00 in a report issued on Friday. The firm presently has a “market perform” rating on the stock. Hovde Group’s price objective would suggest a potential upside of 1.58% from the stock’s current price.

HTB has been the topic of a number of other research reports. Wall Street Zen upgraded shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings started coverage on shares of HomeTrust Bancshares in a research note on Wednesday, January 14th. They issued a “buy (b)” rating for the company. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

HomeTrust Bancshares Stock Performance

Shares of NYSE:HTB opened at $46.27 on Friday. The stock has a market cap of $778.26 million, a P/E ratio of 12.44 and a beta of 0.86. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. HomeTrust Bancshares has a one year low of $33.42 and a one year high of $47.64. The company’s 50-day moving average is $43.35.

HomeTrust Bancshares (NYSE:HTB) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. HomeTrust Bancshares had a return on equity of 11.00% and a net margin of 22.01%.The firm had revenue of $53.90 million for the quarter. Analysts predict that HomeTrust Bancshares will post 3.42 earnings per share for the current year.

Insiders Place Their Bets

In other HomeTrust Bancshares news, EVP John Francis Sprink II sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $45.00, for a total transaction of $90,000.00. Following the completion of the sale, the executive vice president owned 13,465 shares in the company, valued at $605,925. This trade represents a 12.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HomeTrust Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC acquired a new stake in shares of HomeTrust Bancshares during the fourth quarter worth approximately $389,000. Flywheel Private Wealth LLC bought a new stake in shares of HomeTrust Bancshares in the first quarter worth $938,000. Sterling Capital Management LLC acquired a new stake in HomeTrust Bancshares in the first quarter valued at $105,000. Finally, CrossGen Wealth LLC bought a new position in HomeTrust Bancshares during the 1st quarter valued at $91,000. 60.94% of the stock is currently owned by hedge funds and other institutional investors.

HomeTrust Bancshares Company Profile

HomeTrust Bancshares, Inc is the bank holding company for HomeTrust Bank, a regional community bank that provides a range of commercial and consumer banking services. Through its subsidiary bank, the company offers traditional deposit and lending products, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lending, and business loans. HomeTrust also delivers treasury management and payment services for small and midsize businesses, along with digital banking tools to support day-to-day account access and payments.

The company’s product set extends beyond core banking to include wealth management and trust services, commercial real estate financing, and specialized lending for agriculture and construction where relevant to local markets.