Bank of New York Mellon Corp Takes $2.93 Million Position in HomeTrust Bancshares, Inc. $HTB

Key Points

• Bank of New York Mellon acquired 68,598 HomeTrust Bancshares shares worth approximately $2.93 million, while institutional investors collectively own 60.94% of HTB.
• Analyst sentiment improved, with Zacks upgrading HTB to “strong buy” and the consensus rating standing at “Buy” with an average price target of $47.00.
• HomeTrust exceeded quarterly expectations, reporting $0.94 EPS and $54.54 million in revenue, and announced a quarterly dividend of $0.15 per share, yielding about 1.2%.

Bank of New York Mellon Corp bought a new stake in shares of HomeTrust Bancshares, Inc. (NYSE:HTB - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 68,598 shares of the company's stock, valued at approximately $2,926,000. Bank of New York Mellon Corp owned approximately 0.41% of HomeTrust Bancshares as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. CrossGen Wealth LLC purchased a new position in HomeTrust Bancshares during the 1st quarter valued at $91,000. Sterling Capital Management LLC purchased a new stake in shares of HomeTrust Bancshares in the 1st quarter worth about $105,000. AMG National Trust Bank purchased a new stake in shares of HomeTrust Bancshares in the 1st quarter worth about $288,000. Equitable Trust Co. bought a new stake in shares of HomeTrust Bancshares during the 1st quarter valued at about $329,000. Finally, Hsbc Holdings PLC bought a new stake in shares of HomeTrust Bancshares during the 4th quarter valued at about $389,000. Institutional investors own 60.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HTB shares. Zacks Research raised shares of HomeTrust Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Weiss Ratings raised HomeTrust Bancshares from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday, July 23rd. Finally, Hovde Group upped their target price on HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a "market perform" rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, HomeTrust Bancshares currently has a consensus rating of "Buy" and an average price target of $47.00.

HomeTrust Bancshares Price Performance

Shares of HTB opened at $50.78 on Friday. HomeTrust Bancshares, Inc. has a fifty-two week low of $37.35 and a fifty-two week high of $52.50. The firm's 50-day simple moving average is $48.90 and its two-hundred day simple moving average is $45.79. The stock has a market cap of $853.56 million, a PE ratio of 13.33 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 (NYSE:HTB - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.94 earnings per share (EPS) 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 10.90%. The firm had revenue of $54.54 million during the quarter, compared to analyst estimates of $53.22 million. Analysts anticipate that HomeTrust Bancshares, Inc. will post 3.87 earnings per share for the current fiscal year.

HomeTrust Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. HomeTrust Bancshares's payout ratio is 15.75%.

Insider Buying and Selling at HomeTrust Bancshares

In other news, Director Laura C. Kendall sold 10,000 shares of the firm's stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $51.13, for a total transaction of $511,300.00. Following the completion of the transaction, the director directly owned 24,229 shares in the company, valued at $1,238,828.77. This trade represents a 29.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of HomeTrust Bancshares stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $46.78, for a total value of $46,780.00. Following the completion of the transaction, the executive vice president directly owned 21,595 shares of the company's stock, valued at approximately $1,010,214.10. This represents a 4.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 11.02% of the company's stock.

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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