HomeTrust Bancshares (NYSE:HTB) Shares Gap Down - Should You Sell?

Key Points

• HomeTrust Bancshares shares fell 4.3%, opening at $48.02 versus a prior close of $49.98 and last trading at $47.49. The stock’s consensus analyst rating remains “Buy,” with a $47.00 price target.
• The company exceeded quarterly expectations, reporting $0.94 in earnings per share versus the $0.89 consensus and revenue of $54.54 million versus estimates of $53.22 million.
• HomeTrust declared a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a 1.3% yield. Recent insider activity was negative, with an executive vice president and a director selling shares.

HomeTrust Bancshares, Inc. (NYSE:HTB - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $49.98, but opened at $48.02. HomeTrust Bancshares shares last traded at $47.49, with a volume of 27,809 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. 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 upgraded shares of HomeTrust Bancshares from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Finally, Hovde Group raised 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. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, HomeTrust Bancshares presently has a consensus rating of "Buy" and a consensus price target of $47.00.

HomeTrust Bancshares Trading Down 4.3%

The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $798.48 million, a P/E ratio of 12.55 and a beta of 0.81. The firm's 50-day simple moving average is $49.21 and its 200 day simple moving average is $46.03.

HomeTrust Bancshares (NYSE:HTB - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.94 earnings per share 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 10.88%. The company had revenue of $54.54 million during the quarter, compared to analyst estimates of $53.22 million. Equities research analysts anticipate that HomeTrust Bancshares, Inc. will post 3.76 EPS for the current fiscal year.

HomeTrust Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given 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 is Thursday, August 13th. HomeTrust Bancshares's dividend payout ratio is 15.75%.

Insider Buying and Selling at HomeTrust Bancshares

In other news, EVP Kristin Y. Powell sold 1,000 shares of the firm's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $46.78, for a total transaction of $46,780.00. Following the completion of the sale, the executive vice president directly owned 21,595 shares of the company's stock, valued at $1,010,214.10. This trade represents a 4.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 11.02% of the company's stock.

Hedge Funds Weigh In On HomeTrust Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in shares of HomeTrust Bancshares in the second quarter worth $28,000. California State Teachers Retirement System acquired a new stake in HomeTrust Bancshares during the 1st quarter worth about $37,000. CrossGen Wealth LLC acquired a new position in shares of HomeTrust Bancshares in the 1st quarter valued at about $91,000. Sterling Capital Management LLC purchased a new stake in shares of HomeTrust Bancshares in the first quarter worth approximately $105,000. Finally, Quantbot Technologies LP acquired a new stake in shares of HomeTrust Bancshares during the second quarter worth approximately $148,000. Institutional investors and hedge funds own 60.94% of the company's stock.

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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