On Jan 7, Zacks Investment Research upgraded
HomeTrust Bancshares, Inc.
) to a Zacks Rank #1 (Strong Buy).
CAPITAL CITY BK (CCBG): Free Stock Analysis
FIRST BCP-NC (FBNC): Free Stock Analysis
HOMETRUST BNCSH (HTBI): Get Free Report
STATE BANK FINL (STBZ): Free Stock Analysis
To read this article on Zacks.com click here.
Why the Upgrade?
HomeTrust Bancshares has been witnessing rising earnings
estimates on the back of strong fiscal first-quarter 2014 (ended
Sep 30) results and the company's steady capital deployment
activities. The long-term expected earnings growth rate for this
stock is 8%. Further, HomeTrust Bancshares recorded a solid
return of 16.8% in 2013.
In Dec 2013, HomeTrust Bancshares completed the buyback of 5%
stock repurchase program, announced in Aug 2013. Notably, 1.04
million shares of common stock were repurchased at an average
price of $16.38 per share, with cost totaling approximately $17.1
HomeTrust Bancshares reported its fiscal first-quarter results on
Oct 29 with earnings per share of 17 cents, beating the Zacks
Consensus Estimate of 10 cents by 70% and rising over twofold
from the year-ago earnings of 6 cents.
Robust results for the reported quarter were primarily driven by
lower non-interest expenses, which reflected disciplined expense
management. Yet, these positives were partially offset by lower
For 2013, the Zacks Consensus Estimate increased 1.7% to 61 cents
per share, over the last 60 days. For 2014, the Zacks Consensus
Estimate advanced 6.3% to 51 cents per share over the same time
Other Stocks to Consider
Besides HomeTrust Bancshares, other Southeast banks that are
worth considering include
Capital City Bank Group Inc.
State Bank Financial Corporation
). All 3 banks carry a Zacks Rank #1.