FJ Capital Management LLC recently announced the acquisition of new stake in HomeTrust Bancshares Inc. (NASDAQ:HTBI). The institutional investor has increased its shareholding in the Financial company by 30.55% to 1.25 million shares with purchase of 0.29 million shares. This fresh investment now brings its stake to 8.01% valued currently at $30.26 million. In addition, BlackRock Fund Advisors raised its holdings by 74152.0 to 1.1 million shares. And Kennedy Capital Management, Inc. has lifted its position by 6.34% or 23194.0 shares – to 0.39 million shares.
With over 0.17 million HomeTrust Bancshares Inc. (HTBI) shares trading Tuesday and a closing price of $25.48 on the day, the dollar volume was approximately $4.39 million. The shares have shown a positive half year performance of 0.51% and its price on 01/24/23 gained nearly 6.21%. Currently, there are 14.99M common shares owned by the public and among those 13.98M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for HTBI have a consensus price objective of $28.30. The analysts have set the share’s price value over the next 12 months at a high of $33.00 and a low of $25.50. The average price target is 9.0% above its recent price level and an upside to the estimated low will see the stock gain 0.08% over that period. But an upside of 22.79% will see the stock hit the forecast high price target while median target price for the stock is $27.00.
Insiders at the company have transacted a total of 33 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 31,183 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 15,175 shares.
The top 3 mutual fund holders in HomeTrust Bancshares Inc. are Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Impax Small Cap Fund. Vanguard Total Stock Market Index owns 0.42 million shares of the company’s stock, all valued at over $10.14 million. The company bought an additional 1839.0 shares recently to bring their total holdings to about 2.68% of the shares outstanding. iShares Russell 2000 ETF sold 3843.0 shares to see its total holdings shrink to 0.37 million shares valued at over $8.84 million and representing 2.34% of the shares outstanding. Impax Small Cap Fund sold -0.38 million shares to bring its total holdings to over 0.36 million shares at a value of $8.63 million. Impax Small Cap Fund now owns shares totaling to 2.29% of the shares outstanding.
Shares of HomeTrust Bancshares Inc. (NASDAQ: HTBI) opened at $24.37, up $0.38 from a prior closing price of $23.99. However, the script later moved the day high at 26.09, up 6.21%. The company’s stock has a 5-day price change of 4.17% and 13.85% over the past three months. HTBI shares are trading 5.42% year to date (YTD), with the 12-month market performance down to -19.11% lower. It has a 12-month low price of $21.55 and touched a high of $32.33 over the same period. HTBI has an average intraday trading volume of 40.98K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.61%, 3.83%, and 2.32% respectively.
Institutional ownership of HomeTrust Bancshares Inc. (NASDAQ: HTBI) shares accounts for 59.40% of the company’s 14.99M shares outstanding. Mutual fund holders own 25.54%, while other institutional holders and individual stakeholders account for 33.29% and 13.71% respectively.
It has a market capitalization of $396.72M and a beta (3y monthly) value of 0.63. The stock’s trailing 12-month PE ratio is 11.61, while the earnings-per-share (ttm) stands at $2.19. The company has a PEG of 1.45 and the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.85% over the week and 2.03% over the month.
Analysts forecast that HomeTrust Bancshares Inc. (HTBI) will achieve an EPS of $0.63 for the current quarter, $0.64 for the next quarter and $2.96 for 2024. The lowest estimate earnings-per-share for the quarter is $0.52 while analysts give the company a high EPS estimate of $0.77. Comparatively, EPS for the current quarter was $0.68 a year ago. Earnings per share for the fiscal year are expected to increase by 137.40%, and 9.54% over the next financial year. EPS should shrink at an annualized rate of 8.00% over the next five years, compared to 27.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate HomeTrust Bancshares Inc. (HTBI) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 4 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the HTBI, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on September 01, 2022, with the firm’s price target at $30. Compass Point coverage for the HomeTrust Bancshares Inc. (HTBI) stock in a research note released on July 26, 2022 offered a Neutral rating with a price target of $25. DA Davidson was of a view on August 20, 2020 that the stock is Neutral, while Sandler O’Neill gave the stock Hold rating on December 18, 2019, issuing a price target of $28. Keefe Bruyette on their part issued Mkt Perform rating on October 30, 2015.
