HomeTrust Bancshares, Inc. (NYSE:HTB – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $51.00 and last traded at $50.60, with a volume of 3110 shares trading hands. The stock had previously closed at $48.70.
Analysts Set New Price Targets
HTB has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Hovde Group increased 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. Finally, Weiss Ratings upgraded shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $47.00.
Check Out Our Latest Research Report on HTB
HomeTrust Bancshares Stock Up 3.6%
HomeTrust Bancshares (NYSE:HTB – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.94 EPS for the quarter, topping 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 firm had revenue of $54.54 million during the quarter, compared to analysts’ expectations of $53.22 million. Research analysts forecast that HomeTrust Bancshares, Inc. will post 3.71 earnings per share for the current fiscal year.
HomeTrust Bancshares Dividend Announcement
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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. HomeTrust Bancshares’s payout ratio is 15.75%.
Insiders Place Their Bets
In other news, 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 value of $46,780.00. Following the completion of the sale, the executive vice president directly owned 21,595 shares in the company, valued at $1,010,214.10. This represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Hunter Westbrook sold 3,904 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $46.17, for a total transaction of $180,247.68. Following the completion of the sale, the chief executive officer owned 105,828 shares of the company’s stock, valued at $4,886,078.76. This trade represents a 3.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,000 shares of company stock valued at $2,794,550 in the last ninety days. Insiders own 11.02% of the company’s stock.
Institutional Trading of HomeTrust Bancshares
A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP acquired a new stake in HomeTrust Bancshares in the 1st quarter valued at about $35,667,000. Renaissance Technologies LLC acquired a new position in shares of HomeTrust Bancshares during the 1st quarter worth approximately $19,884,000. Empowered Funds LLC acquired a new position in shares of HomeTrust Bancshares during the 1st quarter worth approximately $3,255,000. Bank of New York Mellon Corp purchased a new stake in shares of HomeTrust Bancshares in the first quarter valued at approximately $2,926,000. Finally, Rosenthal Henry Capital Advisors Inc. purchased a new stake in shares of HomeTrust Bancshares in the first quarter valued at approximately $2,135,000. Institutional investors and hedge funds 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.
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