HomeTrust Bancshares (NYSE:HTB) Sees Strong Trading Volume - Here's What Happened

Key Points

• Trading volume surged 214% to approximately 308,395 shares, while HomeTrust Bancshares shares slipped 0.9% to $47.495. Analysts’ consensus rating remains “Buy,” with an average price target of $47.00.
• HomeTrust reported quarterly EPS of $0.94, beating estimates by $0.05, and revenue of $54.54 million, above expectations. Analysts project full-year EPS of $3.76.
• The company declared a quarterly dividend of $0.15, equivalent to $0.60 annually and a 1.3% yield. Insiders own 11.02% of the stock, while institutional investors hold 60.94%.

Shares of HomeTrust Bancshares, Inc. (NYSE:HTB - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 308,395 shares changed hands during trading, an increase of 214% from the previous session's volume of 98,178 shares.The stock last traded at $47.4950 and had previously closed at $47.80.

Analysts Set New Price Targets

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

HomeTrust Bancshares Trading Down 0.9%

The business's 50 day simple moving average is $49.22 and its two-hundred day simple moving average is $46.06. The stock has a market cap of $790.91 million, a P/E ratio of 12.45 and a beta of 0.81. 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 quarterly earnings results on Thursday, July 23rd. The company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.05. HomeTrust Bancshares had a return on equity of 10.88% and a net margin of 22.50%.The company had revenue of $54.54 million during the quarter, compared to analysts' expectations of $53.22 million. As a group, analysts expect that HomeTrust Bancshares, Inc. will post 3.76 EPS for the current year.

HomeTrust Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. HomeTrust Bancshares's payout ratio is currently 15.75%.

Insiders Place Their Bets

In other HomeTrust Bancshares news, 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 transaction of $46,780.00. Following the transaction, the executive vice president directly owned 21,595 shares of the company's stock, valued at approximately $1,010,214.10. The trade was a 4.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura C. Kendall sold 10,000 shares of the company's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $51.13, for a total value of $511,300.00. Following the completion of the sale, the director owned 24,229 shares in the company, valued at $1,238,828.77. This trade represents 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.

Hedge Funds Weigh In On HomeTrust Bancshares

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

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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