Zacks Research lowered shares of HomeTrust Bancshares (NYSE:HTB – Free Report) from a strong-buy rating to a hold rating in a research note released on Wednesday,Zacks.com reports.
Other research analysts have also issued research reports about the company. Weiss Ratings upgraded HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of HomeTrust Bancshares in a research note on Wednesday, August 19th. Finally, Stephens upped their price target on shares of HomeTrust Bancshares from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, HomeTrust Bancshares currently has an average rating of “Moderate Buy” and an average target price of $52.00.
Get Our Latest Report on HomeTrust Bancshares
HomeTrust Bancshares Trading Down 0.7%
HomeTrust Bancshares (NYSE:HTB – Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. The firm had revenue of $54.54 million during the quarter, compared to analyst estimates of $53.22 million. HomeTrust Bancshares had a net margin of 22.50% and a return on equity of 10.88%. On average, equities analysts predict that HomeTrust Bancshares will post 3.7 earnings per share for the current fiscal year.
HomeTrust Bancshares Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a $0.15 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. HomeTrust Bancshares’s payout ratio is 15.75%.
Insider Buying and Selling at HomeTrust Bancshares
In other news, Director Laura C. Kendall sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $51.13, for a total transaction of $511,300.00. Following the transaction, the director owned 24,229 shares of the company’s stock, valued at approximately $1,238,828.77. The trade was a 29.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.02% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in HomeTrust Bancshares during the second quarter valued at $28,000. California State Teachers Retirement System purchased a new position in shares of HomeTrust Bancshares during the 1st quarter worth about $37,000. Susquehanna Fundamental Investments LLC grew its holdings in HomeTrust Bancshares by 12.9% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 13,925 shares of the company’s stock valued at $695,000 after purchasing an additional 1,589 shares during the last quarter. CrossGen Wealth LLC bought a new position in HomeTrust Bancshares during the 1st quarter valued at about $91,000. Finally, Sterling Capital Management LLC purchased a new stake in HomeTrust Bancshares in the 1st quarter worth about $105,000. 60.94% of the stock is owned by hedge funds and other institutional investors.
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.
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