82,151 Shares in HomeTrust Bancshares, Inc. $HTB Bought by Empowered Funds LLC

Key Points

• Empowered Funds LLC acquired 82,151 shares of HomeTrust Bancshares in the second quarter, valued at approximately $4.1 million; institutional investors collectively own 60.94% of the company.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $52.00, although Zacks downgraded the stock to “hold.”
• HomeTrust Bancshares exceeded quarterly expectations, reporting $0.94 EPS versus a $0.89 estimate and $54.54 million in revenue; it also declared a quarterly dividend of $0.15, representing a 1.3% annualized yield.

Empowered Funds LLC acquired a new position in HomeTrust Bancshares, Inc. (NYSE:HTB - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 82,151 shares of the company's stock, valued at approximately $4,099,000. Empowered Funds LLC owned approximately 0.49% of HomeTrust Bancshares at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new stake in shares of HomeTrust Bancshares during the 4th quarter valued at $389,000. Flywheel Private Wealth LLC bought a new position in shares of HomeTrust Bancshares in the 1st quarter worth about $938,000. Sterling Capital Management LLC bought a new position in shares of HomeTrust Bancshares in the 1st quarter worth about $105,000. CrossGen Wealth LLC purchased a new position in HomeTrust Bancshares during the 1st quarter valued at about $91,000. Finally, Rosenthal Henry Capital Advisors Inc. purchased a new position in HomeTrust Bancshares during the 1st quarter valued at about $2,135,000. Hedge funds and other institutional investors own 60.94% of the company's stock.

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 on Thursday, July 30th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is available through this link. 11.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Stephens upped their price objective on shares of HomeTrust Bancshares from $55.00 to $57.00 and gave the stock an "overweight" rating in a report on Friday, August 21st. Zacks Research cut HomeTrust Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 26th. Weiss Ratings upgraded HomeTrust Bancshares from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Thursday, July 23rd. 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 issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, HomeTrust Bancshares currently has an average rating of "Moderate Buy" and a consensus price target of $52.00.

HomeTrust Bancshares Stock Performance

Shares of HTB stock opened at $46.40 on Tuesday. The company has a market capitalization of $774.42 million, a price-to-earnings ratio of 12.18 and a beta of 0.81. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.11. HomeTrust Bancshares, Inc. has a one year low of $38.30 and a one year high of $52.50. The company's 50-day moving average is $49.01 and its 200 day moving average is $46.27.

HomeTrust Bancshares (NYSE:HTB - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.05. The firm had revenue of $54.54 million for the quarter, compared to the consensus estimate of $53.22 million. HomeTrust Bancshares had a net margin of 22.50% and a return on equity of 10.88%. Sell-side analysts expect that HomeTrust Bancshares, Inc. will post 3.7 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. Stockholders of record on Thursday, August 13th were paid a $0.15 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. HomeTrust Bancshares's payout ratio is currently 15.75%.

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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