HomeTrust Bancshares (NYSE:HTB) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of HomeTrust Bancshares (NYSE:HTB) to a hold rating in a report published on Monday morning,Zacks reports.

A number of other analysts also recently weighed in on HTB. 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. Stephens upped their price target on shares of HomeTrust Bancshares from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of HomeTrust Bancshares in a research note on Wednesday, August 19th. Finally, Zacks Research lowered shares of HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, HomeTrust Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

HomeTrust Bancshares Trading Down 0.8%

Shares of HTB opened at $46.09 on Monday. HomeTrust Bancshares has a one year low of $38.30 and a one year high of $52.50. The stock has a 50-day moving average price of $47.74 and a 200 day moving average price of $47.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.11. The company has a market capitalization of $769.24 million, a P/E ratio of 12.10 and a beta of 0.81.

HomeTrust Bancshares (NYSE:HTB) last posted its quarterly earnings data 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 company had revenue of $54.54 million for the quarter, compared to the consensus estimate of $53.22 million. Sell-side analysts forecast that HomeTrust Bancshares will post 3.71 EPS for the current fiscal year.

HomeTrust Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, August 13th. HomeTrust Bancshares’s payout ratio is presently 15.75%.

Insider Buying and Selling

In other news, Director Laura Kendall sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $51.13, for a total transaction of $511,300.00. Following the completion of the transaction, the director directly owned 24,229 shares of the company’s stock, valued at approximately $1,238,828.77. This represents a 29.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.02% of the stock is currently owned by insiders.

Institutional Trading of HomeTrust Bancshares

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

About HomeTrust Bancshares

HomeTrust Bancshares, Inc is the holding company for HomeTrust Bank, a community-focused financial institution headquartered in Asheville, North Carolina. Founded in 1926 as Asheville Savings Bank, the company adopted the HomeTrust name as it expanded beyond its original market and became a publicly traded company in 2012.

HomeTrust Bank provides a range of banking services for individuals, businesses and institutions. Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, commercial and industrial financing, and other deposit and credit products.