Stephens Boosts HomeTrust Bancshares (NYSE:HTB) Price Target to $57.00

HomeTrust Bancshares (NYSE:HTB) had its price objective raised by investment analysts at Stephens from $55.00 to $57.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ price objective points to a potential upside of 22.27% from the company’s previous close.

HTB has been the subject of a number of other reports. Weiss Ratings upgraded HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 23rd. Zacks Research raised HomeTrust Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Hovde Group upped their target price 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, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of HomeTrust Bancshares in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, HomeTrust Bancshares presently has a consensus rating of “Buy” and a consensus target price of $52.00.

HomeTrust Bancshares Trading Down 1.0%

HTB opened at $46.62 on Friday. HomeTrust Bancshares has a twelve month low of $38.30 and a twelve month high of $52.50. The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average of $49.18 and a 200-day moving average of $46.15. The stock has a market cap of $778.09 million, a PE ratio of 12.24 and a beta of 0.81.

HomeTrust Bancshares (NYSE:HTB) last released its earnings results on Thursday, July 23rd. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.05. The business had revenue of $54.54 million for 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 10.88%. On average, sell-side analysts predict that HomeTrust Bancshares will post 3.7 EPS for the current year.

Insider Activity at HomeTrust Bancshares

In other HomeTrust Bancshares news, 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 owned 21,595 shares of the company’s stock, valued at approximately $1,010,214.10. This trade represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Laura C. Kendall sold 10,000 shares of the firm’s 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 completion of the sale, the director directly owned 24,229 shares of the company’s stock, valued at $1,238,828.77. This trade represents a 29.21% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.02% of the stock is currently owned by corporate insiders.

Institutional Trading of HomeTrust Bancshares

Hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new position in HomeTrust Bancshares during the second quarter worth $28,000. California State Teachers Retirement System bought a new position in shares of HomeTrust Bancshares in the first quarter valued at $37,000. CrossGen Wealth LLC acquired a new position in shares of HomeTrust Bancshares during the first quarter valued at about $91,000. Sterling Capital Management LLC acquired a new position in shares of HomeTrust Bancshares during the first quarter valued at about $105,000. Finally, Legal & General Group Plc acquired a new position in shares of HomeTrust Bancshares during the second quarter valued at about $147,000. Institutional investors and hedge funds 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.