HomeTrust Bancshares (NYSE:HTB) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of HomeTrust Bancshares (NYSE:HTBFree Report) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

HTB has been the topic of a number of other reports. Weiss Ratings upgraded shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 23rd. Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Hovde Group increased their price objective on HomeTrust Bancshares from $46.50 to $47.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, HomeTrust Bancshares presently has a consensus rating of “Buy” and a consensus price target of $47.00.

Read Our Latest Stock Analysis on HomeTrust Bancshares

HomeTrust Bancshares Stock Up 1.1%

Shares of HTB stock opened at $51.49 on Tuesday. The company’s 50-day moving average price is $48.26. The company has a market capitalization of $865.63 million, a PE ratio of 13.52 and a beta of 0.80. HomeTrust Bancshares has a fifty-two week low of $37.30 and a fifty-two week high of $51.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.05.

HomeTrust Bancshares (NYSE:HTBGet Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. HomeTrust Bancshares had a net margin of 22.50% and a return on equity of 10.90%. The company had revenue of $54.54 million during the quarter, compared to the consensus estimate of $53.22 million. On average, sell-side analysts anticipate that HomeTrust Bancshares will post 3.87 earnings per share for the current year.

HomeTrust Bancshares Announces Dividend

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 given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. HomeTrust Bancshares’s dividend payout ratio (DPR) is 15.75%.

Insider Activity at HomeTrust Bancshares

In related news, CEO Hunter Westbrook sold 3,904 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 105,828 shares in the company, valued at approximately $4,886,078.76. This represents a 3.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of HomeTrust Bancshares stock in a transaction that occurred 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 transaction, the executive vice president 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 61,000 shares of company stock valued at $2,794,550. 11.02% of the stock is owned by insiders.

Institutional Investors Weigh In On HomeTrust Bancshares

Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP purchased a new position in HomeTrust Bancshares during the 1st quarter valued at about $35,667,000. Renaissance Technologies LLC acquired a new stake in shares of HomeTrust Bancshares during the first quarter worth approximately $19,884,000. Empowered Funds LLC purchased a new position in HomeTrust Bancshares during the first quarter valued at approximately $3,255,000. Bank of New York Mellon Corp acquired a new position in HomeTrust Bancshares in the 1st quarter valued at approximately $2,926,000. Finally, Rosenthal Henry Capital Advisors Inc. purchased a new stake in HomeTrust Bancshares in the 1st quarter worth approximately $2,135,000. 60.94% of the stock is owned by hedge funds and other institutional investors.

About HomeTrust Bancshares

(Get Free Report)

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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