HomeTrust Bancshares, Inc. (NYSE:HTB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

HomeTrust Bancshares, Inc. (NYSE:HTB) has received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $52.00.

Several equities research analysts have recently commented on the company. Weiss Ratings upgraded HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of HomeTrust Bancshares in a research report on Wednesday, August 19th. Stephens boosted their price objective on shares of HomeTrust Bancshares from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Finally, Zacks Research downgraded shares of HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th.

Insider Buying and Selling

In other HomeTrust Bancshares news, Director Laura Kendall sold 10,000 shares of HomeTrust Bancshares stock in a transaction that occurred 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 sale, the director owned 24,229 shares of the company’s stock, valued at approximately $1,238,828.77. The trade was a 29.21% decrease in their position. The sale 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

Hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP purchased a new stake in shares of HomeTrust Bancshares in the second quarter valued at approximately $370,000. Squarepoint Ops LLC purchased a new position in HomeTrust Bancshares in the second quarter worth $400,000. Susquehanna Fundamental Investments LLC lifted its holdings in HomeTrust Bancshares by 12.9% in the second quarter. Susquehanna Fundamental Investments LLC now owns 13,925 shares of the company’s stock valued at $695,000 after acquiring an additional 1,589 shares during the period. Two Sigma Securities LLC acquired a new stake in HomeTrust Bancshares in the second quarter valued at $293,000. Finally, Empowered Funds LLC purchased a new stake in shares of HomeTrust Bancshares during the 2nd quarter worth $4,099,000. 60.94% of the stock is owned by institutional investors and hedge funds.

HomeTrust Bancshares Stock Performance

NYSE HTB opened at $47.10 on Tuesday. 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 has a 52-week low of $38.30 and a 52-week high of $52.50. The business’s 50-day moving average price is $48.50 and its 200 day moving average price is $46.69. The firm has a market cap of $786.10 million, a P/E ratio of 12.36 and a beta of 0.79.

HomeTrust Bancshares (NYSE:HTB) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.94 EPS for the quarter, beating 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 firm had revenue of $54.54 million during the quarter, compared to the consensus estimate of $53.22 million. On average, equities research analysts expect that HomeTrust Bancshares will post 3.7 earnings per share for the current year.

HomeTrust Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, August 13th. HomeTrust Bancshares’s dividend payout ratio is currently 15.75%.

About HomeTrust Bancshares

HomeTrust Bancshares, Inc is the bank holding company for HomeTrust Bank, a community-focused financial institution headquartered in Asheville, North Carolina. Founded in 1926, HomeTrust Bank provides banking and financial services to individuals, families, businesses and nonprofit organizations.

The bank offers a range of deposit products, including checking and savings accounts, certificates of deposit and money market accounts. Its lending activities include residential mortgages, home equity loans, consumer loans, commercial real estate financing and loans for small and mid-sized businesses.