Sanctuary Advisors LLC Buys New Shares in HomeTrust Bancshares, Inc. $HTB

Sanctuary Advisors LLC purchased a new stake in HomeTrust Bancshares, Inc. (NYSE:HTB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,542 shares of the company’s stock, valued at approximately $1,025,000. Sanctuary Advisors LLC owned 0.12% of HomeTrust Bancshares at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HTB. Global Retirement Partners LLC bought a new position in shares of HomeTrust Bancshares during the 2nd quarter worth about $28,000. California State Teachers Retirement System bought a new stake in shares of HomeTrust Bancshares in the first quarter valued at about $37,000. CrossGen Wealth LLC bought a new stake in shares of HomeTrust Bancshares in the first quarter valued at about $91,000. Sterling Capital Management LLC acquired a new stake in HomeTrust Bancshares during the first quarter worth about $105,000. Finally, Quantbot Technologies LP acquired a new stake in HomeTrust Bancshares during the second quarter worth about $148,000. 60.94% of the stock is currently owned by institutional investors and hedge funds.

HomeTrust Bancshares Price Performance

NYSE:HTB opened at $46.43 on Friday. 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 company has a 50-day moving average of $49.07 and a 200-day moving average of $46.24. HomeTrust Bancshares, Inc. has a 52 week low of $38.30 and a 52 week high of $52.50. The company has a market capitalization of $774.93 million, a price-to-earnings ratio of 12.19 and a beta of 0.81.

HomeTrust Bancshares (NYSE:HTB) last posted its earnings results 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 net margin of 22.50% and a return on equity of 10.88%. The business had revenue of $54.54 million for the quarter, compared to analysts’ expectations of $53.22 million. As a group, equities research analysts anticipate that HomeTrust Bancshares, Inc. will post 3.7 earnings per share for the current fiscal year.

HomeTrust Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, August 13th. HomeTrust Bancshares’s payout ratio is presently 15.75%.

Analysts Set New Price Targets

Several equities analysts have commented on HTB shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of HomeTrust Bancshares in a report on Wednesday, August 19th. Weiss Ratings raised HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 23rd. Zacks Research upgraded HomeTrust Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Stephens boosted their price objective on HomeTrust Bancshares from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $52.00.

Insider Buying and Selling at HomeTrust Bancshares

In other news, Director Laura C. Kendall sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was 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 in the company, valued at approximately $1,238,828.77. This 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. Corporate insiders own 11.02% of the company’s stock.

HomeTrust Bancshares 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.