HomeTrust Bancshares (NYSE:HTB) Cut to “Sell” at Wall Street Zen

by · The Markets Daily

Wall Street Zen downgraded shares of HomeTrust Bancshares (NYSE:HTB – Free Report) from a hold rating to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

HTB has been the subject of a number of other research reports. Raymond James Financial raised shares of HomeTrust Bancshares to a “hold” rating in a research report on Monday, October 5th. 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. Zacks Research cut shares of HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 26th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of HomeTrust Bancshares in a research note on Wednesday, August 19th. Finally, Weiss Ratings upgraded shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

View Our Latest Report on HTB

HomeTrust Bancshares Trading Up 0.3%

Shares of HTB opened at $45.87 on Friday. The company has a market capitalization of $765.49 million, a P/E ratio of 12.04 and a beta of 0.81. HomeTrust Bancshares has a one year low of $38.38 and a one year high of $52.50. 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 stock has a 50-day moving average price of $47.43 and a 200 day moving average price of $47.10.

HomeTrust Bancshares (NYSE:HTB – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $53.22 million. Sell-side analysts forecast that HomeTrust Bancshares will post 3.71 EPS for the current fiscal year.

HomeTrust Bancshares Dividend Announcement

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

Insider Buying and Selling

In other HomeTrust Bancshares news, Director Laura Kendall sold 10,000 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $51.13, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new stake in shares of HomeTrust Bancshares in the 2nd quarter worth $3,647,000. Mendon Capital Advisors Corp acquired a new position in shares of HomeTrust Bancshares in the 1st quarter worth approximately $1,998,000. Bank of America Corp DE acquired a new position in shares of HomeTrust Bancshares in the 1st quarter worth approximately $1,125,000. Gamco Investors INC. ET AL acquired a new position in shares of HomeTrust Bancshares in the 1st quarter worth approximately $866,000. Finally, First Trust Advisors LP bought a new stake in shares of HomeTrust Bancshares in the 1st quarter worth approximately $1,821,000. 60.94% of the stock is currently owned by institutional investors.

HomeTrust Bancshares Company Profile

(Get Free Report)

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.

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