HomeTrust Bancshares (NYSE:HTB) Upgraded to “Hold” at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of HomeTrust Bancshares (NYSE:HTB – Free Report) from a sell rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

Several other research analysts also recently commented on HTB. Zacks Research downgraded shares of HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th. Weiss Ratings reiterated a “buy (a-)” rating on shares of HomeTrust Bancshares in a research report on Wednesday. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of HomeTrust Bancshares in a research note on Wednesday, August 19th. Stephens increased 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, Raymond James Financial upgraded shares of HomeTrust Bancshares to a “hold” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, HomeTrust Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Check Out Our Latest Report on HTB

HomeTrust Bancshares Price Performance

Shares of NYSE HTB opened at $48.10 on Friday. The business has a fifty day moving average price of $46.79 and a two-hundred day moving average price of $47.34. The stock has a market capitalization of $802.93 million, a PE ratio of 12.12 and a beta of 0.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.08. HomeTrust Bancshares has a fifty-two week low of $38.82 and a fifty-two week high of $52.50.

HomeTrust Bancshares (NYSE:HTB – Get Free Report) last released its earnings results on Wednesday, October 21st. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.23. The company had revenue of $55.95 million for the quarter. HomeTrust Bancshares had a return on equity of 11.12% and a net margin of 23.19%. As a group, equities analysts predict that HomeTrust Bancshares will post 3.90 earnings per share for the current fiscal year.

HomeTrust Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. HomeTrust Bancshares’s dividend payout ratio (DPR) is 15.11%.

Insider Buying and Selling at HomeTrust Bancshares

In other news, Director Laura Kendall sold 10,000 shares of HomeTrust Bancshares stock in a transaction 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 completion of the sale, the director owned 24,229 shares in the company, valued at $1,238,828.77. The trade was a 29.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HTB. Global Retirement Partners LLC bought a new position in HomeTrust Bancshares in the second quarter worth approximately $28,000. California State Teachers Retirement System bought a new stake in HomeTrust Bancshares during the 1st quarter worth approximately $37,000. CrossGen Wealth LLC bought a new stake in HomeTrust Bancshares during the 1st quarter worth approximately $91,000. Sterling Capital Management LLC bought a new stake in HomeTrust Bancshares during the 1st quarter worth approximately $105,000. Finally, Quantbot Technologies LP purchased a new stake in shares of HomeTrust Bancshares in the second quarter worth approximately $148,000. 60.94% of the stock is owned by institutional investors.

About HomeTrust Bancshares

(Get Free Report)

HomeTrust Bancshares, Inc is the holding company for HomeTrust Bank, a community-focused financial institution headquartered in Asheville, North Carolina. The company provides banking services to individuals, families, businesses and nonprofit organizations through a network of branches and digital banking channels.

HomeTrust Bank offers deposit products such as checking, savings, money market and certificate of deposit accounts, along with residential mortgages, home equity loans, consumer lending and commercial loans.

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