HomeTrust Bancshares (NYSE:HTB) Price Target Raised to $57.00

HomeTrust Bancshares (NYSE:HTB) had its target price raised by Stephens from $55.00 to $57.00 in a report published on Friday morning, Marketbeat Ratings reports. Stephens currently has an overweight rating on the stock.

Other research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of HomeTrust Bancshares in a report on Wednesday. Zacks Research upgraded HomeTrust Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Hovde Group boosted their target price on HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $52.00.

HomeTrust Bancshares Stock Performance

NYSE:HTB opened at $46.68 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.08. The firm has a market cap of $779.09 million, a price-to-earnings ratio of 12.25 and a beta of 0.81. The firm’s fifty day moving average price is $49.16 and its 200 day moving average price is $46.17. HomeTrust Bancshares has a 1-year low of $38.30 and a 1-year high of $52.50.

HomeTrust Bancshares (NYSE:HTB) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. HomeTrust Bancshares had a net margin of 22.50% and a return on equity of 10.88%. The company had revenue of $54.54 million during the quarter, compared to the consensus estimate of $53.22 million. On average, sell-side analysts expect that HomeTrust Bancshares will post 3.7 EPS for the current year.

HomeTrust Bancshares Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.60 annualized dividend and a yield of 1.3%. HomeTrust Bancshares’s dividend payout ratio is 15.75%.

Insiders Place Their Bets

In other news, Director Laura C. Kendall sold 10,000 shares of the firm’s 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 owned 24,229 shares in the company, valued at $1,238,828.77. This trade represents a 29.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of HomeTrust Bancshares stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $46.78, for a total value of $46,780.00. Following the transaction, the executive vice president directly owned 21,595 shares of the company’s stock, valued at $1,010,214.10. This trade represents a 4.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 11.02% of the company’s stock.

Hedge Funds Weigh In On HomeTrust Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of HomeTrust Bancshares in the second quarter valued at about $83,715,000. Dimensional Fund Advisors LP acquired a new stake in shares of HomeTrust Bancshares in the first quarter valued at approximately $35,667,000. Renaissance Technologies LLC purchased a new position in shares of HomeTrust Bancshares during the 1st quarter worth approximately $19,884,000. Empowered Funds LLC purchased a new position in shares of HomeTrust Bancshares during the 2nd quarter worth approximately $4,099,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of HomeTrust Bancshares during the 2nd quarter worth approximately $3,647,000. Institutional investors and hedge funds own 60.94% of the company’s stock.

About HomeTrust Bancshares

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.