HomeTrust Bancshares (NYSE:HTB) Director Sells $511,300.00 in Stock

HomeTrust Bancshares, Inc. (NYSE:HTB) Director Laura Kendall sold 10,000 shares of HomeTrust Bancshares stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $51.13, for a total value of $511,300.00. Following the completion of the sale, the director owned 24,229 shares of the company’s stock, valued at $1,238,828.77. The trade was a 29.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

HomeTrust Bancshares Stock Up 0.4%

NYSE:HTB traded up $0.21 during mid-day trading on Monday, reaching $51.40. The company’s stock had a trading volume of 39,688 shares, compared to its average volume of 88,969. HomeTrust Bancshares, Inc. has a 1 year low of $37.35 and a 1 year high of $52.21. The business’s fifty day simple moving average is $48.44. The stock has a market capitalization of $863.79 million, a price-to-earnings ratio of 13.49 and a beta of 0.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.05.

HomeTrust Bancshares (NYSE:HTB) last posted its earnings results on Thursday, July 23rd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. HomeTrust Bancshares had a net margin of 22.50% and a return on equity of 10.90%. The business had revenue of $54.54 million for the quarter, compared to the consensus estimate of $53.22 million. On average, analysts expect that HomeTrust Bancshares, Inc. will post 3.87 earnings per share for the current year.

HomeTrust Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. HomeTrust Bancshares’s payout ratio is currently 15.75%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System acquired a new position in shares of HomeTrust Bancshares during the 1st quarter worth approximately $37,000. CrossGen Wealth LLC purchased a new position in HomeTrust Bancshares during the first quarter worth approximately $91,000. Sterling Capital Management LLC acquired a new position in HomeTrust Bancshares during the first quarter worth $105,000. Royal Bank of Canada purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at $153,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of HomeTrust Bancshares in the 1st quarter worth $187,000. 60.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on HTB. Hovde Group lifted their price objective on HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Weiss Ratings raised HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, July 23rd. Finally, Zacks Research upgraded HomeTrust Bancshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $47.00.

HomeTrust Bancshares Company Profile

HomeTrust Bancshares, Inc is the bank holding company for HomeTrust Bank, a regional community bank that provides a range of commercial and consumer banking services. Through its subsidiary bank, the company offers traditional deposit and lending products, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lending, and business loans. HomeTrust also delivers treasury management and payment services for small and midsize businesses, along with digital banking tools to support day-to-day account access and payments.

The company’s product set extends beyond core banking to include wealth management and trust services, commercial real estate financing, and specialized lending for agriculture and construction where relevant to local markets.