73,110 Shares in HomeTrust Bancshares, Inc. $HTB Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 73,110 HomeTrust Bancshares shares worth approximately $3.65 million, giving it a 0.44% stake. Institutional investors and hedge funds collectively own 60.94% of HTB.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $52. Stephens raised its target to $57, while Zacks downgraded the stock to “Hold.”
• HomeTrust reported quarterly earnings of $0.94 per share, exceeding the $0.89 estimate, on revenue of $54.54 million. The company also maintains a $0.15 quarterly dividend, equivalent to a 1.3% yield.

Bank of New York Mellon Corp acquired a new stake in HomeTrust Bancshares, Inc. (NYSE:HTB - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 73,110 shares of the company's stock, valued at approximately $3,647,000. Bank of New York Mellon Corp owned about 0.44% of HomeTrust Bancshares at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. California State Teachers Retirement System purchased a new position in shares of HomeTrust Bancshares during the first quarter worth approximately $37,000. CrossGen Wealth LLC purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at $91,000. Sterling Capital Management LLC purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at $105,000. Royal Bank of Canada acquired a new stake in HomeTrust Bancshares during the 1st quarter worth $153,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in HomeTrust Bancshares during the 1st quarter worth $187,000. 60.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HomeTrust Bancshares

In other news, Director Laura Kendall sold 10,000 shares of the business's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $51.13, for a total transaction of $511,300.00. Following the transaction, the director directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 11.02% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on HTB shares. Stephens raised their price objective on shares of HomeTrust Bancshares from $55.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, August 21st. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of HomeTrust Bancshares in a report on Wednesday, August 19th. Weiss Ratings upgraded shares of HomeTrust Bancshares from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Thursday, July 23rd. Finally, Zacks Research lowered HomeTrust Bancshares from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, HomeTrust Bancshares presently has a consensus rating of "Moderate Buy" and an average price target of $52.00.

HomeTrust Bancshares Price Performance

HomeTrust Bancshares stock opened at $47.16 on Monday. HomeTrust Bancshares, Inc. has a 12 month low of $38.30 and a 12 month high of $52.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.08. The business has a 50 day simple moving average of $48.85 and a 200-day simple moving average of $46.35. The stock has a market capitalization of $787.10 million, a PE ratio of 12.38 and a beta of 0.79.

HomeTrust Bancshares (NYSE:HTB - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.05. HomeTrust Bancshares had a return on equity of 10.88% and a net margin of 22.50%.The firm had revenue of $54.54 million during the quarter, compared to the consensus estimate of $53.22 million. Equities analysts predict that HomeTrust Bancshares, Inc. will post 3.7 earnings per share for the current year.

HomeTrust Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, August 13th. HomeTrust Bancshares's dividend payout ratio (DPR) is 15.75%.

HomeTrust Bancshares Profile

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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