Renaissance Technologies LLC Buys New Shares in HomeTrust Bancshares, Inc. $HTB

Renaissance Technologies LLC purchased a new position in shares of HomeTrust Bancshares, Inc. (NYSE:HTB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 466,215 shares of the company’s stock, valued at approximately $19,884,000.

A number of other hedge funds also recently bought and sold shares of HTB. CrossGen Wealth LLC purchased 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 during the first quarter worth approximately $105,000. Public Employees Retirement System of Ohio acquired a new stake in HomeTrust Bancshares in the first quarter valued at approximately $187,000. Sentinel Trust Co. LBA acquired a new stake in HomeTrust Bancshares in the first quarter valued at approximately $267,000. Finally, AMG National Trust Bank purchased a new position in HomeTrust Bancshares in the first quarter worth approximately $288,000. Institutional investors and hedge funds own 60.94% of the company’s stock.

HomeTrust Bancshares Trading Down 0.9%

Shares of NYSE:HTB opened at $51.06 on Friday. The business’s 50 day moving average is $48.35. HomeTrust Bancshares, Inc. has a twelve month low of $37.30 and a twelve month high of $52.02. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a market cap of $858.40 million, a P/E ratio of 13.40 and a beta of 0.80.

HomeTrust Bancshares (NYSE:HTB) last posted its 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 net margin of 22.50% and a return on equity of 10.90%. The firm had revenue of $54.54 million for the quarter, compared to the consensus estimate of $53.22 million. As a group, equities research analysts predict that HomeTrust Bancshares, Inc. will post 3.87 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. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 15.75%.

Analysts Set New Price Targets

Several research firms have commented on HTB. Hovde Group boosted their price target on shares of HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Weiss Ratings raised shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Zacks Research raised HomeTrust Bancshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, HomeTrust Bancshares has a consensus rating of “Buy” and a consensus target price of $47.00.

Insider Activity

In other HomeTrust Bancshares news, CEO Hunter Westbrook sold 3,904 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $46.17, for a total value of $180,247.68. Following the completion of the sale, the chief executive officer owned 105,828 shares in the company, valued at approximately $4,886,078.76. The trade was a 3.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kristin Y. Powell sold 1,000 shares of the 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 sale, the executive vice president 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,000 shares of company stock valued at $1,881,550 over the last three months. Company 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.