Revised Price Target and Analyst Predictions
Following a substantial 7.73% increase in the one-year price target for HomeTrust Bancshares (NasdaqGS:HTBI) to $33.15 / share, investors are abuzz with anticipation. This marks a significant uptick from the previous estimate on January 16, 2024, which lingered at $30.77.
Analysts contributing to this revised target offer a spectrum of projections, ranging from a conservative low of $31.31 to an ambitious high of $35.70 / share. Notably, this average target heralds a remarkable 27.21% climb from the latest closing price of $26.06 / share.
Steady Dividends and Payout Analysis
HomeTrust Bancshares Declares $0.11 Dividend
HomeTrust Bancshares declared a consistent quarterly dividend of $0.11 per share ($0.44 annualized) on January 22, 2024. Shareholders capturing record status by February 15, 2024, will revel in the divvy on February 29, 2024. This marks a steady payout parallel to the previous installment.
Surfing the historical dividend waves, over the past five years, the average yield has cruised around 1.43%, with lows of 0.87% and highs cresting at 2.13%. The deviation in yields, standing at 0.36 (n=233), reveals the current yield to be a buoyant 0.72 standard deviations above the historical norm.
Peering at the company’s dividend payout ratio, clocking in at 0.15, we discern a prudent approach to dividends. A growth-driven firm typically balances reinvestment with dividends, showcasing ratios between 0.5 and 1.0, positioning HomeTrust Bancshares as a beacon of financial health.
Noteworthy is the company’s 3-Year dividend growth rate of 0.38%, a testament to its commitment to rewarding stakeholders with increasing returns over time.
Reading the Fund Sentiment and Shareholder Moves
What is the Fund Sentiment?
Tracking funds whispering about HomeTrust Bancshares, we detect an inflow of 1 additional owner or 0.33% in the last quarter. The average portfolio weight dedicated to HTBI has scaled upwards by a substantial 14.97%. Institutional shares have swelled by 2.13%, clocking in at 10,806K shares over the past three months.
The put/call ratio of HTBI, a meager 0.29, broadcasts a bullish aura swirling around the stock.
What Are Other Shareholders Doing?
Among major shareholders, FJ Capital Management holds a solid 9.74% ownership with 1,679K shares, holding steadfast in the last quarter. Renaissance Technologies’ portfolio flaunts a 3.15% ownership with 544K shares, showcasing an uptick of 1.93% from prior filings, underlining a 15.00% portfolio expansion. VTSMX – Vanguard Total Stock Market Index Fund Investor Shares’ stake amounts to 3.13%, holding the line in recent months.
IWM – iShares Russell 2000 ETF and Kennedy Capital Management dance to a different beat, with IWM’s 2.21% stake shrinking slightly by 1.25% while Kennedy Capital Management trims its 2.17% ownership by 17.85%.
Insight into HomeTrust Bancshares
HomeTrust Bancshares Background Information
(This description is provided by the company.)
A fixture since 1926, HomeTrust Bancshares, Inc., steering the HomeTrust Bank, has sculpted a financial empire underpinned by $3.7 billion in consolidated assets as of mid-2020. With a commitment to community-centric banking, spanning over 40 locations coupled with online/mobile banking, the bank asserts its presence in North Carolina, Upstate South Carolina, East Tennessee, and Southwest Virginia. Ranking as the second-largest community bank rooted in North Carolina, HomeTrust Bancshares embodies stability and regional prowess.
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