HomeTrust Bancshares (NYSE:HTB) Issues Earnings Results

HomeTrust Bancshares (NYSE:HTB) released its quarterly earnings data on Thursday. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.89 by $0.05, Zacks reports. HomeTrust Bancshares had a return on equity of 10.90% and a net margin of 22.50%.The firm had revenue of $54.54 million during the quarter, compared to the consensus estimate of $53.22 million.

HomeTrust Bancshares Stock Up 0.5%

NYSE HTB opened at $48.70 on Friday. The company has a 50 day simple moving average of $47.98. The company has a market capitalization of $818.49 million, a price-to-earnings ratio of 12.78 and a beta of 0.80. HomeTrust Bancshares has a 12-month low of $37.30 and a 12-month high of $51.00. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17.

HomeTrust Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, August 13th. HomeTrust Bancshares’s dividend payout ratio (DPR) is currently 15.75%.

Insiders Place Their Bets

In related news, CEO Hunter Westbrook sold 31,022 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $45.81, for a total transaction of $1,421,117.82. Following the sale, the chief executive officer directly owned 105,828 shares in the company, valued at approximately $4,847,980.68. The trade was a 22.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kristin Y. Powell sold 1,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $46.78, for a total transaction of $46,780.00. Following the completion of the sale, the executive vice president directly owned 21,595 shares in the company, valued at approximately $1,010,214.10. The trade was a 4.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 61,000 shares of company stock valued at $2,794,550 over the last ninety days. Corporate insiders own 11.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HTB. Hovde Group lifted their price objective on shares of HomeTrust Bancshares from $46.50 to $47.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings raised shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $47.00.

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.