HomeTrust Bancshares (NYSE:HTB) Stock Moved Up to Hold by Raymond James Financial

Raymond James Financial upgraded shares of HomeTrust Bancshares (NYSE:HTB) to a hold rating in a research note published on Monday,Zacks reports.

Other equities research analysts have also recently issued research reports about the company. Zacks Research cut HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 26th. Weiss Ratings raised HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 23rd. Stephens upped their price objective on HomeTrust Bancshares from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of HomeTrust Bancshares in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $52.00.

HomeTrust Bancshares Stock Performance

Shares of HTB opened at $46.53 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. The stock has a market cap of $776.55 million, a P/E ratio of 12.21 and a beta of 0.81. The company has a 50-day moving average of $47.85 and a two-hundred day moving average of $46.98. HomeTrust Bancshares has a 12-month low of $38.30 and a 12-month high of $52.50.

HomeTrust Bancshares (NYSE:HTB) last released its quarterly earnings results 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 net margin of 22.50% and a return on equity of 10.88%. The business had revenue of $54.54 million for the quarter, compared to analyst estimates of $53.22 million. As a group, research analysts predict that HomeTrust Bancshares will post 3.65 EPS for the current fiscal year.

HomeTrust Bancshares Dividend Announcement

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

Insider Buying and Selling at HomeTrust Bancshares

In other news, Director Laura 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 transaction of $511,300.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HomeTrust Bancshares

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

About HomeTrust Bancshares

HomeTrust Bancshares, Inc is the holding company for HomeTrust Bank, a community-focused financial institution headquartered in Asheville, North Carolina. Founded in 1926 as Asheville Savings Bank, the company adopted the HomeTrust name as it expanded beyond its original market and became a publicly traded company in 2012.

HomeTrust Bank provides a range of banking services for individuals, businesses and institutions. Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, commercial and industrial financing, and other deposit and credit products.