HomeTrust Bancshares (NYSE:HTB) Price Target Raised to $57.00 at Stephens

Key Points

• Stephens raised HomeTrust Bancshares’ price target to $57 from $55 and maintained an “overweight” rating, implying 22.27% upside from the previous close.
• Analyst sentiment remains positive, with an average “Buy” rating and a consensus price target of $52.00. The company also exceeded quarterly expectations, reporting $0.94 EPS versus the $0.89 estimate and revenue of $54.54 million.
• HTB shares opened at $46.62, while institutional investors own 60.94% of the stock. Insiders own 11.02%, although two executives recently sold shares.

HomeTrust Bancshares (NYSE:HTB - Get Free Report) had its price target increased by stock analysts at Stephens from $55.00 to $57.00 in a report released on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Stephens' price target would suggest a potential upside of 22.27% from the company's previous close.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of HomeTrust Bancshares in a research report on Wednesday. Weiss Ratings raised shares of HomeTrust Bancshares from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, July 23rd. Hovde Group upped their price objective on shares of HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a "market perform" rating in a research report on Friday, April 24th. Finally, Zacks Research raised shares of HomeTrust Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, HomeTrust Bancshares has an average rating of "Buy" and a consensus price target of $52.00.

HomeTrust Bancshares Stock Down 1.0%

HomeTrust Bancshares stock opened at $46.62 on Friday. The company has a fifty day simple moving average of $49.18 and a 200 day simple moving average of $46.15. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. HomeTrust Bancshares has a 1-year low of $38.30 and a 1-year high of $52.50. The company has a market cap of $778.09 million, a P/E ratio of 12.24 and a beta of 0.81.

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, topping the consensus estimate of $0.89 by $0.05. HomeTrust Bancshares had a return on equity of 10.88% and a net margin of 22.50%.The business had revenue of $54.54 million for the quarter, compared to analyst estimates of $53.22 million. Research analysts anticipate that HomeTrust Bancshares will post 3.7 earnings per share for the current fiscal year.

Insider Activity at HomeTrust Bancshares

In other HomeTrust Bancshares news, EVP Kristin Y. Powell sold 1,000 shares of the business's 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 sale, the executive vice president directly owned 21,595 shares of the company's stock, valued at $1,010,214.10. The trade was a 4.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Laura C. Kendall sold 10,000 shares of the firm's stock in a transaction 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 directly owned 24,229 shares of the company's stock, valued at $1,238,828.77. The trade was a 29.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 11.02% of the company's stock.

Institutional Trading of HomeTrust Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC acquired a new position in HomeTrust Bancshares during the 2nd quarter worth about $28,000. California State Teachers Retirement System acquired a new stake in shares of HomeTrust Bancshares in the first quarter valued at about $37,000. CrossGen Wealth LLC acquired a new stake in shares of HomeTrust Bancshares in the first quarter valued at about $91,000. Sterling Capital Management LLC bought a new position in shares of HomeTrust Bancshares during the first quarter worth about $105,000. Finally, Quantbot Technologies LP bought a new position in shares of HomeTrust Bancshares during the second quarter worth about $148,000. 60.94% of the stock is currently owned by institutional investors and hedge funds.

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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