HomeTrust Bancshares, Inc. (NYSE:HTB - Get Free Report) Director Laura Kendall sold 10,000 shares of HomeTrust Bancshares stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $51.13, for a total value of $511,300.00. Following the completion of the transaction, the director owned 24,229 shares of the company's stock, valued at approximately $1,238,828.77. This trade represents a 29.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
HomeTrust Bancshares Stock Performance
Shares of HTB opened at $51.32 on Tuesday. The stock's 50-day simple moving average is $48.53 and its 200 day simple moving average is $45.61. The stock has a market capitalization of $862.69 million, a price-to-earnings ratio of 13.47 and a beta of 0.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.08. HomeTrust Bancshares, Inc. has a 52-week low of $37.35 and a 52-week high of $52.21.
HomeTrust Bancshares (NYSE:HTB - Get Free Report) last issued its 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. The business had revenue of $54.54 million during the quarter, compared to the consensus estimate of $53.22 million. HomeTrust Bancshares had a return on equity of 10.90% and a net margin of 22.50%. Research analysts forecast that HomeTrust Bancshares, Inc. will post 3.87 EPS for the current fiscal year.
HomeTrust Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. HomeTrust Bancshares's dividend payout ratio is presently 15.75%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System purchased a new position in shares of HomeTrust Bancshares during the first quarter worth about $37,000. CrossGen Wealth LLC purchased a new stake in HomeTrust Bancshares in the first quarter valued at approximately $91,000. Sterling Capital Management LLC bought a new stake in HomeTrust Bancshares during the first quarter valued at approximately $105,000. Royal Bank of Canada bought a new stake in HomeTrust Bancshares during the first quarter valued at approximately $153,000. Finally, Public Employees Retirement System of Ohio purchased a new position in HomeTrust Bancshares in the 1st quarter worth approximately $187,000. Hedge funds and other institutional investors own 60.94% of the company's stock.
Wall Street Analyst Weigh In
HTB has been the subject of several recent analyst reports. Zacks Research raised shares of HomeTrust Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Hovde Group raised their price target 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, July 23rd. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $47.00.
Read Our Latest Analysis on HTB
HomeTrust Bancshares Company Profile
(
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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