HomeTrust Bancshares (NASDAQ:HTBI) Raised to “Overweight” at Piper Sandler

HomeTrust Bancshares (NASDAQ:HTBI – Get Rating) was upgraded by investment analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has a $32.00 target price on the financial services provider’s stock, up from their previous target price of $27.00. Piper Sandler’s target price points to a potential upside of 9.89% from the stock’s current price.

Several other equities research analysts also recently issued reports on HTBI. StockNews.com upgraded shares of HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, January 26th. Janney Montgomery Scott raised shares of HomeTrust Bancshares from a “neutral” rating to a “buy” rating in a report on Tuesday, February 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

HomeTrust Bancshares Stock Performance

Shares of HTBI stock opened at $29.12 on Tuesday. The firm has a market cap of $462.43 million, a P/E ratio of 12.13 and a beta of 0.66. HomeTrust Bancshares has a one year low of $21.55 and a one year high of $31.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.03 and a current ratio of 1.06. The firm’s 50 day moving average price is $26.11 and its 200-day moving average price is $24.63.

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HomeTrust Bancshares (NASDAQ:HTBI – Get Rating) last announced its earnings results on Tuesday, January 24th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.16. The company had revenue of $46.00 million during the quarter, compared to analysts’ expectations of $42.00 million. HomeTrust Bancshares had a net margin of 21.69% and a return on equity of 9.28%. As a group, equities research analysts predict that HomeTrust Bancshares will post 3.14 EPS for the current year.

Insider Transactions at HomeTrust Bancshares

In related news, CFO Tony J. Vuncannon sold 2,672 shares of the stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $24.38, for a total value of $65,143.36. Following the transaction, the chief financial officer now owns 46,666 shares in the company, valued at $1,137,717.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Tony J. Vuncannon sold 2,672 shares of the firm’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $24.38, for a total value of $65,143.36. Following the sale, the chief financial officer now owns 46,666 shares in the company, valued at $1,137,717.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Tony J. Vuncannon sold 3,893 shares of the firm’s stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $24.45, for a total value of $95,183.85. Following the completion of the transaction, the chief financial officer now directly owns 46,666 shares of the company’s stock, valued at $1,140,983.70. The disclosure for this sale can be found here. Insiders sold 107,633 shares of company stock valued at $2,850,856 over the last three months. 6.95% of the stock is owned by corporate insiders.

Institutional Trading of HomeTrust Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of HomeTrust Bancshares by 112.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,482 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 784 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in HomeTrust Bancshares by 4,353.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,826 shares of the financial services provider’s stock valued at $40,000 after buying an additional 1,785 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of HomeTrust Bancshares by 156.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,938 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 1,182 shares during the period. US Bancorp DE lifted its position in shares of HomeTrust Bancshares by 2,819.8% during the 3rd quarter. US Bancorp DE now owns 2,803 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 2,707 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of HomeTrust Bancshares by 128.4% during the 1st quarter. Federated Hermes Inc. now owns 2,346 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,319 shares during the period. 58.64% of the stock is currently owned by institutional investors and hedge funds.

About HomeTrust Bancshares

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HomeTrust Bancshares, Inc operates as a bank holding company, which engages in the provision of deposit accounts for individuals, businesses, and nonprofit organizations for HomeTrust Bank. It is involved in attracting deposits, including savings money market, demand accounts, and certificates of deposit from the general public.