Recent exceptional positive changes in investment behavior have benefitted HomeTrust Bancshares Inc (NASDAQ: HTBI): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
HomeTrust Bancshares Inc (NASDAQ: HTBI) has benefited from marginal positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, HTBI is expected to continue to be a modest Value Builder.
HomeTrust Bancshares has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. HomeTrust Bancshares has a slightly positive Power Rating of 69 and a good Appreciation Score of 75, leading to the Highest Value Trend Rating.
Recent Price Action
On 6/28/24, HomeTrust Bancshares Inc (NASDAQ: HTBI) stock enjoyed a large increase of 4.2%, closing at $30.03. Moreover, exceptionally high trading volume at 842% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 7.1% during the last week.
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