StockNews.com Initiates Coverage on HomeTrust Bancshares (NASDAQ:HTBI)

Equities research analysts at StockNews.com assumed coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

HomeTrust Bancshares Price Performance

HTBI opened at $36.53 on Monday. The stock has a fifty day simple moving average of $36.69 and a two-hundred day simple moving average of $35.63. The company has a market cap of $640.28 million, a price-to-earnings ratio of 11.41 and a beta of 0.86. The company has a current ratio of 1.11, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. HomeTrust Bancshares has a 12-month low of $23.79 and a 12-month high of $38.99.

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

Institutional Trading of HomeTrust Bancshares

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of HomeTrust Bancshares by 20.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,559 shares of the financial services provider’s stock valued at $3,257,000 after purchasing an additional 15,916 shares during the period. Barclays PLC raised its holdings in HomeTrust Bancshares by 32.9% during the third quarter. Barclays PLC now owns 58,609 shares of the financial services provider’s stock valued at $1,997,000 after acquiring an additional 14,524 shares during the period. Franklin Resources Inc. lifted its position in shares of HomeTrust Bancshares by 8.8% in the third quarter. Franklin Resources Inc. now owns 15,871 shares of the financial services provider’s stock valued at $542,000 after acquiring an additional 1,281 shares in the last quarter. State Street Corp boosted its stake in shares of HomeTrust Bancshares by 0.4% in the third quarter. State Street Corp now owns 365,453 shares of the financial services provider’s stock worth $12,455,000 after acquiring an additional 1,428 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of HomeTrust Bancshares by 28.4% during the third quarter. BNP Paribas Financial Markets now owns 3,499 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 774 shares in the last quarter. Institutional investors own 60.94% of the company’s stock.

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.