HomeTrust Bancshares, Inc. (NYSE:HTB) Receives Average Rating of “Buy” from Brokerages

HomeTrust Bancshares, Inc. (NYSE:HTB) has been assigned a consensus recommendation of “Buy” from the five brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $52.00.

HTB has been the topic of several research reports. Zacks Research raised shares of HomeTrust Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Stephens lifted their target price on shares of HomeTrust Bancshares from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Friday. Hovde Group boosted their price target 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. Weiss Ratings raised HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of HomeTrust Bancshares in a research note on Wednesday.

HomeTrust Bancshares Stock Up 0.8%

Shares of HTB traded up $0.38 on Friday, reaching $47.09. The stock had a trading volume of 14,004 shares, compared to its average volume of 101,275. The firm has a market capitalization of $785.93 million, a price-to-earnings ratio of 12.36 and a beta of 0.81. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.11. The company has a 50-day simple moving average of $49.18 and a 200-day simple moving average of $46.15. HomeTrust Bancshares has a 12-month low of $38.30 and a 12-month 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, beating the consensus estimate of $0.89 by $0.05. HomeTrust Bancshares had a return on equity of 10.88% and a net margin of 22.50%.The business had revenue of $54.54 million during the quarter, compared to analyst estimates of $53.22 million. Sell-side analysts predict 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. Stockholders of record on Thursday, August 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 13th. HomeTrust Bancshares’s dividend payout ratio is currently 15.75%.

Insider Buying and Selling

In other HomeTrust Bancshares 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 directly owned 21,595 shares in the company, valued at approximately $1,010,214.10. This trade represents a 4.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Laura C. Kendall sold 10,000 shares of HomeTrust Bancshares 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 sale, the director directly owned 24,229 shares of the company’s stock, valued at approximately $1,238,828.77. The trade was a 29.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 11.02% of the company’s stock.

Institutional Investors Weigh In On HomeTrust Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new position in shares of HomeTrust Bancshares during the 2nd quarter valued at $28,000. California State Teachers Retirement System purchased a new stake in HomeTrust Bancshares during the first quarter valued at $37,000. CrossGen Wealth LLC purchased a new stake in HomeTrust Bancshares during the first quarter valued at $91,000. Sterling Capital Management LLC bought a new position in HomeTrust Bancshares in the first quarter valued at about $105,000. Finally, Legal & General Group Plc bought a new position in HomeTrust Bancshares in the second quarter valued at about $147,000. Hedge funds and other institutional investors 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.