42,705 Shares in HomeTrust Bancshares, Inc. $HTB Purchased by First Trust Advisors LP

First Trust Advisors LP bought a new stake in HomeTrust Bancshares, Inc. (NYSE:HTB) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 42,705 shares of the company’s stock, valued at approximately $1,821,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HTB. Dimensional Fund Advisors LP acquired a new stake in HomeTrust Bancshares during the 1st quarter valued at approximately $35,667,000. Bank of New York Mellon Corp acquired a new stake in shares of HomeTrust Bancshares in the first quarter worth $2,926,000. Rosenthal Henry Capital Advisors Inc. purchased a new position in shares of HomeTrust Bancshares during the first quarter worth $2,135,000. Flywheel Private Wealth LLC purchased a new position in shares of HomeTrust Bancshares during the first quarter worth $938,000. Finally, Strs Ohio acquired a new position in HomeTrust Bancshares during the first quarter valued at $606,000. Institutional investors and hedge funds own 60.94% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HTB shares. Zacks Research raised HomeTrust Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Hovde Group raised their target price on HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Finally, Weiss Ratings raised shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $47.00.

HomeTrust Bancshares Stock Down 1.6%

HTB stock opened at $50.78 on Friday. HomeTrust Bancshares, Inc. has a 52 week low of $37.35 and a 52 week high of $52.50. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a 50-day simple moving average of $48.90 and a 200-day simple moving average of $45.79. The stock has a market capitalization of $853.56 million, a P/E ratio of 13.33 and a beta of 0.81.

HomeTrust Bancshares (NYSE:HTB) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.94 earnings per share 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 firm had revenue of $54.54 million for the quarter, compared to analyst estimates of $53.22 million. Equities analysts forecast that HomeTrust Bancshares, Inc. will post 3.87 earnings per share for the current fiscal year.

HomeTrust Bancshares Dividend Announcement

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

Insider Buying and Selling

In related news, Director Laura C. Kendall sold 10,000 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $51.13, for a total value of $511,300.00. Following the completion of the transaction, the director directly owned 24,229 shares of the company’s stock, valued at approximately $1,238,828.77. This represents a 29.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $46.78, for a total value of $46,780.00. Following the completion of the transaction, the executive vice president owned 21,595 shares in the company, valued at $1,010,214.10. The trade was a 4.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 11.02% of the company’s stock.

HomeTrust Bancshares 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.