HomeTrust Bancshares, Inc. (NYSE:HTB) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Analysts remain bullish on HomeTrust Bancshares: Five brokerages give the stock an average “Buy” rating, with an average 12-month price target of $52.00 versus its recent price of $47.09.
• The company beat quarterly expectations, reporting earnings of $0.94 per share compared with the $0.89 consensus estimate and revenue of $54.54 million versus $53.22 million expected.
• HomeTrust declared a quarterly dividend of $0.15 per share, equivalent to an annualized $0.60 payout and a 1.3% yield; institutional investors own 60.94% of the stock, while insiders own 11.02%.

HomeTrust Bancshares, Inc. (NYSE:HTB - Get Free Report) has earned an average recommendation of "Buy" from the five brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $52.00.

HTB has been the topic of several research reports. Keefe, Bruyette & Woods restated an "outperform" rating on shares of HomeTrust Bancshares in a research report on Wednesday. Weiss Ratings upgraded shares of HomeTrust Bancshares from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday, July 23rd. Zacks Research raised HomeTrust Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Hovde Group lifted their price target on HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a "market perform" rating in a research note on Friday, April 24th. Finally, Stephens upped their price objective on HomeTrust Bancshares from $55.00 to $57.00 and gave the stock an "overweight" rating in a report on Friday.

Insider Activity at HomeTrust Bancshares

In other HomeTrust Bancshares news, EVP Kristin Y. Powell sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $46.78, for a total transaction of $46,780.00. Following the transaction, the executive vice president directly owned 21,595 shares in the company, valued at $1,010,214.10. This trade represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura C. Kendall sold 10,000 shares of the stock in a transaction that occurred on 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 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 disclosure for this sale is available in the SEC filing. 11.02% of the stock is owned by corporate insiders.

Institutional Trading of HomeTrust Bancshares

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of HomeTrust Bancshares in the second quarter worth about $83,715,000. Dimensional Fund Advisors LP bought a new position in HomeTrust Bancshares during the 1st quarter valued at approximately $35,667,000. Renaissance Technologies LLC purchased a new stake in HomeTrust Bancshares in the first quarter worth $19,884,000. Empowered Funds LLC purchased a new stake in shares of HomeTrust Bancshares in the 2nd quarter worth about $4,099,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of HomeTrust Bancshares during the 2nd quarter valued at about $3,647,000. 60.94% of the stock is owned by institutional investors.

HomeTrust Bancshares Price Performance

Shares of NYSE HTB traded up $0.38 during midday trading on Friday, hitting $47.09. 14,004 shares of the company's stock were exchanged, compared to its average volume of 101,275. HomeTrust Bancshares has a 12-month low of $38.30 and a 12-month high of $52.50. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. The company has a market cap of $785.93 million, a price-to-earnings ratio of 12.36 and a beta of 0.81. The business's fifty day moving average price is $49.18 and its two-hundred day moving average price is $46.15.

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 analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $53.22 million. As a group, research analysts forecast that HomeTrust Bancshares will post 3.7 EPS for the current fiscal year.

HomeTrust Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued 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 is Thursday, August 13th. HomeTrust Bancshares's dividend payout ratio (DPR) is currently 15.75%.

HomeTrust Bancshares Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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