HomeTrust Bancshares (NYSE:HTB) Shares Gap Down – Time to Sell?

HomeTrust Bancshares, Inc. (NYSE:HTB)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $49.98, but opened at $48.02. HomeTrust Bancshares shares last traded at $47.49, with a volume of 27,809 shares changing hands.

Analysts Set New Price Targets

Several brokerages have weighed in on HTB. Zacks Research raised HomeTrust Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 23rd. Finally, 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 research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $47.00.

HomeTrust Bancshares Stock Down 4.3%

The firm has a market cap of $798.48 million, a price-to-earnings ratio of 12.55 and a beta of 0.81. The business’s 50-day moving average is $49.21 and its 200-day moving average is $46.03. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.11.

HomeTrust Bancshares (NYSE:HTB) last released its quarterly 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. The firm had revenue of $54.54 million for the quarter, compared to analyst estimates of $53.22 million. HomeTrust Bancshares had a net margin of 22.50% and a return on equity of 10.88%. On average, equities analysts predict that HomeTrust Bancshares, Inc. will post 3.76 EPS for the current year.

HomeTrust Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a $0.15 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.60 annualized dividend and a yield of 1.3%. HomeTrust Bancshares’s payout ratio is presently 15.75%.

Insiders Place Their Bets

In other news, EVP Kristin Y. Powell sold 1,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $46.78, for a total transaction of $46,780.00. Following the sale, the executive vice president owned 21,595 shares in the company, valued at approximately $1,010,214.10. This represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laura C. 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 transaction, the director directly owned 24,229 shares of the company’s stock, valued at $1,238,828.77. This represents a 29.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 11.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of HomeTrust Bancshares in the 2nd quarter valued at $83,715,000. Dimensional Fund Advisors LP bought a new position in HomeTrust Bancshares in the first quarter valued at about $35,667,000. Renaissance Technologies LLC bought a new position in HomeTrust Bancshares in the first quarter valued at about $19,884,000. Empowered Funds LLC acquired a new stake in HomeTrust Bancshares in the first quarter worth about $3,255,000. Finally, Bank of New York Mellon Corp bought a new stake in HomeTrust Bancshares during the 2nd quarter worth about $3,647,000. Institutional investors own 60.94% of the company’s stock.

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.