HomeTrust Bancshares (NYSE:HTB) Sees Large Volume Increase – Here’s What Happened

HomeTrust Bancshares, Inc. (NYSE:HTB) shares saw unusually-high trading volume on Monday . 36,918 shares changed hands during mid-day trading, a decline of 58% from the previous session’s volume of 87,006 shares.The stock last traded at $49.43 and had previously closed at $48.70.

Analysts Set New Price Targets

Several brokerages have weighed in on HTB. Wall Street Zen raised shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Hovde Group upped their target price on shares of HomeTrust Bancshares from $46.50 to $47.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings raised shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $47.00.

HomeTrust Bancshares Stock Up 1.7%

The stock has a market cap of $832.43 million, a PE ratio of 13.01 and a beta of 0.80. The business has a 50 day simple moving average of $47.98. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

HomeTrust Bancshares (NYSE:HTB) last issued its earnings results on Thursday, July 23rd. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. HomeTrust Bancshares had a net margin of 22.50% and a return on equity of 10.90%. The company had revenue of $54.54 million for the quarter, compared to analysts’ expectations of $53.22 million. Equities analysts forecast that HomeTrust Bancshares, Inc. will post 3.71 EPS for the current fiscal year.

HomeTrust Bancshares Announces Dividend

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

Insider Transactions at HomeTrust Bancshares

In other news, CEO Hunter Westbrook sold 31,022 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $45.81, for a total transaction of $1,421,117.82. Following the completion of the transaction, the chief executive officer directly owned 105,828 shares of the company’s stock, valued at approximately $4,847,980.68. This represents a 22.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $46.78, for a total value of $46,780.00. Following the completion of the sale, the executive vice president directly owned 21,595 shares in the company, valued at approximately $1,010,214.10. This trade represents a 4.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 61,000 shares of company stock worth $2,794,550 in the last three months. 11.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HTB. California State Teachers Retirement System acquired a new position in shares of HomeTrust Bancshares during the first quarter worth approximately $37,000. CrossGen Wealth LLC bought a new position in HomeTrust Bancshares in the 1st quarter valued at about $91,000. Sterling Capital Management LLC acquired a new position in HomeTrust Bancshares during the 1st quarter valued at about $105,000. Royal Bank of Canada acquired a new position in HomeTrust Bancshares during the 1st quarter valued at about $153,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of HomeTrust Bancshares during the 1st quarter worth about $187,000. Institutional investors own 60.94% of the company’s stock.

HomeTrust Bancshares Company Profile

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.