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Strength Seen in HomeTrust Bancshares (HTBI): Can Its 5.9% Jump Turn into More Strength?

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HomeTrust Bancshares (HTBI) shares ended the last trading session 5.9% higher at $25.82. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 11.6% gain over the past four weeks.

HomeTrust Bancshares extended its rally for the third consequent day and touched a 52-week high of $25.94. Optimism surrounding the expectation of an accelerated recovery of the banking sector largely drove the stock. The bullish sentiments can be attributable to steepening of the yield curve, extensive vaccination drive, additional government spending and favorable economic data.

Price and Consensus

Price Consensus Chart for HTBI
Price Consensus Chart for HTBI

This holding company for HomeTrust Bank is expected to post quarterly earnings of $0.35 per share in its upcoming report, which represents a year-over-year change of +400%. Revenues are expected to be $35 million, up 10.5% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For HomeTrust Bancshares, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HTBI going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>


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