BlackRock Inc. Purchases New Shares in HomeTrust Bancshares, Inc. $HTB

Key Points

• BlackRock acquired 1.68 million HomeTrust Bancshares shares worth approximately $83.7 million, giving it a 9.98% stake. Institutional investors collectively own 60.94% of HTB.
• HomeTrust reported quarterly earnings of $0.94 per share, exceeding the $0.89 analyst consensus, while revenue of $54.54 million also surpassed expectations.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $52.00; the company also pays a quarterly dividend of $0.15, yielding about 1.3% annually.

BlackRock Inc. acquired a new stake in HomeTrust Bancshares, Inc. (NYSE:HTB - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,677,983 shares of the company's stock, valued at approximately $83,715,000. BlackRock Inc. owned approximately 9.98% of HomeTrust Bancshares at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP acquired a new position in shares of HomeTrust Bancshares in the first quarter valued at about $35,667,000. Renaissance Technologies LLC acquired a new stake in HomeTrust Bancshares in the 1st quarter worth about $19,884,000. Empowered Funds LLC acquired a new stake in HomeTrust Bancshares in the 1st quarter worth about $3,255,000. Bank of New York Mellon Corp bought a new stake in HomeTrust Bancshares in the 2nd quarter valued at about $3,647,000. Finally, Rosenthal Henry Capital Advisors Inc. bought a new stake in HomeTrust Bancshares in the 1st quarter valued at about $2,135,000. Institutional investors own 60.94% of the company's stock.

HomeTrust Bancshares Price Performance

HTB stock opened at $46.81 on Monday. 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, Inc. has a 12 month low of $38.30 and a 12 month high of $52.50. The firm has a market cap of $781.26 million, a P/E ratio of 12.29 and a beta of 0.81. The company's 50-day moving average price is $49.05 and its two-hundred day moving average price is $46.25.

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 analysts' consensus estimates of $0.89 by $0.05. The company had revenue of $54.54 million during 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%. On average, analysts anticipate 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. Shareholders of record on Thursday, August 13th were issued a $0.15 dividend. 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 dividend payout ratio (DPR) is currently 15.75%.

Analysts Set New Price Targets

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

Insider Buying and Selling at HomeTrust Bancshares

In other news, Director Laura C. Kendall sold 10,000 shares of HomeTrust Bancshares 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 transaction, the director owned 24,229 shares in the company, valued at approximately $1,238,828.77. This trade represents a 29.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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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