HomeTrust Bancshares, Inc. (HTB, Financial) has reported a solid performance in its latest financial quarter, showcasing an improved net interest margin. The company achieved a net interest margin of 4.18%, up from 4.09% previously, attributed to a strategic focus on enhancing financial performance rather than merely expanding loan growth.
Recently, HomeTrust transitioned its common stock listing to the New York Stock Exchange under the ticker 'HTB', a move anticipated to enhance both visibility and long-term value for shareholders. Additionally, the company announced the sale of two branches and its exit from the Knoxville, Tennessee market. This decision aims to streamline operations, boost branch efficiencies, and reallocate capital towards growth in core areas.
Despite potential economic uncertainties, HomeTrust remains optimistic about its stability and future prospects. The bank has expressed confidence in its robust balance sheet and strong client relationships, underscoring its commitment to delivering continued banking support to customers as needed.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for HomeTrust Bancshares Inc (HTB, Financial) is $43.50 with a high estimate of $44.50 and a low estimate of $43.00. The average target implies an upside of 24.57% from the current price of $34.92. More detailed estimate data can be found on the HomeTrust Bancshares Inc (HTB) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, HomeTrust Bancshares Inc's (HTB, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for HomeTrust Bancshares Inc (HTB, Financial) in one year is $29.56, suggesting a downside of 15.35% from the current price of $34.92. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the HomeTrust Bancshares Inc (HTB) Summary page.
