HomeTrust Bancshares, Inc. (NYSE:HTB – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 756,230 shares, an increase of 100.8% from the August 15th total of 376,659 shares. Approximately 5.1% of the company’s shares are short sold. Based on an average trading volume of 285,043 shares, the short-interest ratio is presently 2.7 days.
HomeTrust Bancshares Stock Down 1.0%
NYSE:HTB traded down $0.50 on Tuesday, hitting $47.80. 207,272 shares of the company’s stock traded hands, compared to its average volume of 225,427. The company has a market cap of $797.83 million, a PE ratio of 12.68 and a beta of 0.79. HomeTrust Bancshares has a 1 year low of $38.30 and a 1 year high of $52.50. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $48.61 and a 200-day moving average price of $46.58.
HomeTrust Bancshares (NYSE:HTB – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. The business 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%. Equities analysts anticipate that HomeTrust Bancshares will post 3.7 EPS for the current fiscal year.
HomeTrust Bancshares Dividend Announcement
Wall Street Analyst Weigh In
A number of equities analysts recently commented on HTB shares. Zacks Research lowered shares of HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Weiss Ratings raised shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, July 23rd. Stephens increased their target price on HomeTrust Bancshares from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of HomeTrust Bancshares in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.00.
Check Out Our Latest Report on HomeTrust Bancshares
Insider Buying and Selling at HomeTrust Bancshares
In other news, Director Laura Kendall sold 10,000 shares of the business’s stock in a transaction that occurred 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 owned 24,229 shares in the company, valued at $1,238,828.77. The trade was a 29.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.02% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On HomeTrust Bancshares
Institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of HomeTrust Bancshares during the 2nd quarter valued at $83,715,000. Dimensional Fund Advisors LP purchased a new stake in shares of HomeTrust Bancshares during the first quarter worth $35,667,000. Renaissance Technologies LLC purchased a new stake in shares of HomeTrust Bancshares during the first quarter worth $19,884,000. Empowered Funds LLC acquired a new stake in HomeTrust Bancshares during the second quarter valued at $4,099,000. Finally, Bank of New York Mellon Corp acquired a new stake in HomeTrust Bancshares during the second quarter valued at $3,647,000. 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 community-focused financial institution headquartered in Asheville, North Carolina. Founded in 1926, HomeTrust Bank provides banking and financial services to individuals, families, businesses and nonprofit organizations.
The bank offers a range of deposit products, including checking and savings accounts, certificates of deposit and money market accounts. Its lending activities include residential mortgages, home equity loans, consumer loans, commercial real estate financing and loans for small and mid-sized businesses.
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