HomeTrust Bancshares (NYSE:HTB) Sees Unusually-High Trading Volume – Time to Buy?

HomeTrust Bancshares, Inc. (NYSE:HTB) saw strong trading volume on Monday . Approximately 36,918 shares were traded during mid-day trading, a decline of 58% from the previous session’s volume of 87,006 shares.The stock last traded at $49.43 and had previously closed at $48.70.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HTB. Weiss Ratings raised HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, July 23rd. Wall Street Zen raised shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Hovde Group upped their price objective on shares of HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $47.00.

HomeTrust Bancshares Stock Up 2.9%

The stock has a 50 day moving average of $48.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.08. The firm has a market capitalization of $856.89 million, a P/E ratio of 13.38 and a beta of 0.80.

HomeTrust Bancshares (NYSE:HTB) last announced its earnings results on Thursday, July 23rd. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.05. HomeTrust Bancshares had a return on equity of 10.90% and a net margin of 22.50%.The business had revenue of $54.54 million for the quarter, compared to analysts’ expectations of $53.22 million. As a group, equities research analysts forecast that HomeTrust Bancshares, Inc. will post 3.87 EPS for the current year.

HomeTrust Bancshares Announces Dividend

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

Insider Transactions at HomeTrust Bancshares

In other HomeTrust Bancshares news, CEO Hunter Westbrook sold 3,904 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $46.17, for a total value of $180,247.68. Following the completion of the transaction, the chief executive officer directly owned 105,828 shares in the company, valued at approximately $4,886,078.76. The trade was a 3.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were 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 of the company’s stock, valued at approximately $1,010,214.10. The trade was a 4.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 61,000 shares of company stock worth $2,794,550. 11.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HTB. California State Teachers Retirement System bought a new position in shares of HomeTrust Bancshares during the 1st quarter worth approximately $37,000. CrossGen Wealth LLC acquired a new stake in HomeTrust Bancshares in the first quarter valued at approximately $91,000. Sterling Capital Management LLC acquired a new stake in HomeTrust Bancshares in the first quarter valued at approximately $105,000. Royal Bank of Canada purchased a new position in HomeTrust Bancshares in the first quarter worth $153,000. Finally, Public Employees Retirement System of Ohio purchased a new position in HomeTrust Bancshares in the first quarter worth $187,000. 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.