Laura Kendall Sells 10,000 Shares of HomeTrust Bancshares (NYSE:HTB) Stock

HomeTrust Bancshares, Inc. (NYSE:HTB) Director Laura Kendall sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $51.13, for a total value of $511,300.00. Following the sale, the director directly owned 24,229 shares of the company’s stock, valued at approximately $1,238,828.77. This trade represents a 29.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

HomeTrust Bancshares Stock Up 1.0%

Shares of HomeTrust Bancshares stock opened at $51.79 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.08. HomeTrust Bancshares, Inc. has a 52-week low of $37.35 and a 52-week high of $52.50. The company’s 50 day moving average price is $48.62 and its 200-day moving average price is $45.65. The stock has a market capitalization of $870.56 million, a price-to-earnings ratio of 13.59 and a beta of 0.81.

HomeTrust Bancshares (NYSE:HTB) last posted its quarterly 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. The company had revenue of $54.54 million during the quarter, compared to analyst estimates of $53.22 million. HomeTrust Bancshares had a net margin of 22.50% and a return on equity of 10.90%. Equities research analysts forecast that HomeTrust Bancshares, Inc. will post 3.87 EPS for the current year.

HomeTrust Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. HomeTrust Bancshares’s dividend payout ratio is 15.75%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System purchased a new stake in shares of HomeTrust Bancshares in the 1st quarter worth about $37,000. CrossGen Wealth LLC purchased a new position in shares of HomeTrust Bancshares during the first quarter valued at about $91,000. Sterling Capital Management LLC bought a new position in HomeTrust Bancshares in the first quarter worth about $105,000. Royal Bank of Canada bought a new position in HomeTrust Bancshares in the first quarter worth about $153,000. Finally, Public Employees Retirement System of Ohio bought a new position in HomeTrust Bancshares in the first quarter worth about $187,000. 60.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings raised HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, July 23rd. Hovde Group upped their price target on HomeTrust Bancshares from $46.50 to $47.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Finally, Zacks Research upgraded HomeTrust Bancshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Two 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.com, the company presently has an average rating of “Buy” and an average price target of $47.00.

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.