Wall Street Zen downgraded shares of HomeTrust Bancshares (NYSE:HTB – Free Report) from a hold rating to a sell rating in a report released on Saturday morning,Wall Street Zen reports.
Several other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of HomeTrust Bancshares in a report on Wednesday, August 19th. Zacks Research cut HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 26th. Stephens boosted their price objective on HomeTrust Bancshares from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Weiss Ratings raised HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 23rd. Finally, Raymond James Financial raised shares of HomeTrust Bancshares to a “hold” rating in a report on Monday, October 5th. One 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.
Check Out Our Latest Report on HomeTrust Bancshares
HomeTrust Bancshares Price Performance
HomeTrust Bancshares (NYSE:HTB – Get Free Report) last announced 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. The firm had revenue of $54.54 million for the quarter, compared to analysts’ expectations of $53.22 million. HomeTrust Bancshares had a return on equity of 10.88% and a net margin of 22.50%. On average, sell-side analysts forecast that HomeTrust Bancshares will post 3.71 EPS for the current fiscal year.
HomeTrust Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, August 13th. HomeTrust Bancshares’s payout ratio is presently 15.75%.
Insider Buying and Selling at HomeTrust Bancshares
In other HomeTrust Bancshares news, Director Laura Kendall sold 10,000 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $51.13, for a total transaction of $511,300.00. Following the sale, the director directly owned 24,229 shares of the company’s stock, valued at approximately $1,238,828.77. This represents a 29.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.02% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Engineers Gate Manager LP acquired a new stake in HomeTrust Bancshares during the second quarter worth approximately $370,000. Squarepoint Ops LLC bought a new position in HomeTrust Bancshares in the second quarter valued at approximately $400,000. Susquehanna Fundamental Investments LLC increased its stake in HomeTrust Bancshares by 12.9% in the second quarter. Susquehanna Fundamental Investments LLC now owns 13,925 shares of the company’s stock valued at $695,000 after acquiring an additional 1,589 shares during the last quarter. Two Sigma Securities LLC acquired a new position in HomeTrust Bancshares during the second quarter valued at approximately $293,000. Finally, Empowered Funds LLC bought a new stake in HomeTrust Bancshares during the second quarter worth $4,099,000. 60.94% of the stock is owned by institutional investors.
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.
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