Bank of America Corp DE Invests $1.12 Million in HomeTrust Bancshares, Inc. $HTB

Key Points

• Bank of America acquired a new $1.12 million stake in HomeTrust Bancshares during the first quarter, purchasing 26,388 shares, while institutional investors collectively own 60.94% of the company.
• HomeTrust reported quarterly earnings of $0.94 per share, exceeding the $0.89 consensus estimate, with revenue of $54.54 million versus expectations of $53.22 million.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $52; the company also maintains a quarterly dividend of $0.15 per share, yielding approximately 1.3%.

Bank of America Corp DE bought a new position in shares of HomeTrust Bancshares, Inc. (NYSE:HTB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,388 shares of the company's stock, valued at approximately $1,125,000. Bank of America Corp DE owned about 0.16% of HomeTrust Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System acquired a new stake in HomeTrust Bancshares in the 1st quarter worth about $37,000. CrossGen Wealth LLC purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at about $91,000. Sterling Capital Management LLC acquired a new position in shares of HomeTrust Bancshares during the 1st quarter valued at about $105,000. Royal Bank of Canada acquired a new position in shares of HomeTrust Bancshares during the 1st quarter valued at about $153,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of HomeTrust Bancshares during the 1st quarter worth about $187,000. Institutional investors and hedge funds own 60.94% of the company's stock.

HomeTrust Bancshares Stock Up 0.2%

Shares of NYSE:HTB opened at $47.16 on Friday. The company has a market capitalization of $787.10 million, a price-to-earnings ratio of 12.38 and a beta of 0.79. The company has a 50 day moving average of $48.85 and a two-hundred day moving average of $46.34. HomeTrust Bancshares, Inc. has a 52-week low of $38.30 and a 52-week high of $52.50. The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.29.

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

HomeTrust Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, August 13th. HomeTrust Bancshares's payout ratio is presently 15.75%.

Insider Activity at HomeTrust Bancshares

In related news, Director Laura Kendall sold 10,000 shares of the business's stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $51.13, for a total value of $511,300.00. Following the transaction, the director owned 24,229 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. Company insiders own 11.02% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reissued an "outperform" rating on shares of HomeTrust Bancshares in a research report on Wednesday, August 19th. Zacks Research lowered shares of HomeTrust Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 26th. Weiss Ratings upgraded shares of HomeTrust Bancshares from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, July 23rd. Finally, Stephens boosted their price objective 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 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $52.00.

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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