HomeTrust Bancshares (NYSE:HTB) Sees Strong Trading Volume – What’s Next?

Shares of HomeTrust Bancshares, Inc. (NYSE:HTB) saw unusually-high trading volume on Tuesday . Approximately 121,757 shares changed hands during mid-day trading, an increase of 72% from the previous session’s volume of 70,858 shares.The stock last traded at $44.56 and had previously closed at $43.95.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HTB. Wall Street Zen lowered shares of HomeTrust Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Weiss Ratings initiated coverage on HomeTrust Bancshares in a research note on Wednesday, January 14th. They set a “buy (b)” rating on the stock. Finally, Hovde Group downgraded HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, HomeTrust Bancshares has a consensus rating of “Moderate Buy”.

HomeTrust Bancshares Price Performance

The stock has a market capitalization of $761.78 million, a P/E ratio of 11.74 and a beta of 0.90. The company has a quick ratio of 1.07, a current ratio of 1.12 and a debt-to-equity ratio of 0.40.

HomeTrust Bancshares (NYSE:HTB) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. HomeTrust Bancshares had a net margin of 22.01% and a return on equity of 11.09%. The company had revenue of $53.90 million during the quarter.

HomeTrust Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Wednesday, February 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $0.52 annualized dividend and a yield of 1.2%. HomeTrust Bancshares’s dividend payout ratio (DPR) is 13.98%.

Insider Buying and Selling at HomeTrust Bancshares

In related news, EVP John Francis Sprink II sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $45.00, for a total transaction of $90,000.00. Following the completion of the transaction, the executive vice president directly owned 13,465 shares in the company, valued at $605,925. This represents a 12.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.57% 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.