HomeTrust Bancshares (NYSE:HTB) Releases Earnings Results, Beats Estimates By $0.23 EPS

HomeTrust Bancshares (NYSE:HTB) released its quarterly earnings data on Wednesday. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.23, Zacks reports. HomeTrust Bancshares had a net margin of 23.19% and a return on equity of 11.12%. The business had revenue of $55.95 million during the quarter.

HomeTrust Bancshares Trading Down 0.5%

HomeTrust Bancshares stock opened at $47.88 on Friday. HomeTrust Bancshares has a 52 week low of $38.82 and a 52 week 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 firm has a market capitalization of $799.20 million, a PE ratio of 12.57 and a beta of 0.81. The business’s 50-day simple moving average is $46.82 and its 200-day simple moving average is $47.33.

HomeTrust Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be paid a $0.15 dividend. The ex-dividend date is Thursday, November 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. HomeTrust Bancshares’s payout ratio is presently 15.75%.

Insiders Place Their Bets

In related news, Director Laura Kendall sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was 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. This represents a 29.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HTB. BlackRock Inc. bought a new position in HomeTrust Bancshares during the second quarter worth $83,715,000. Dimensional Fund Advisors LP bought a new stake in HomeTrust Bancshares in the 1st quarter valued at $35,667,000. Renaissance Technologies LLC bought a new stake in HomeTrust Bancshares in the 1st quarter valued at $19,884,000. Empowered Funds LLC bought a new stake in HomeTrust Bancshares in the 2nd quarter valued at $4,099,000. Finally, Bank of New York Mellon Corp acquired a new stake in HomeTrust Bancshares in the 2nd quarter worth $3,647,000. 60.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Zacks Research downgraded HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Stephens raised their price objective on HomeTrust Bancshares from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Keefe, Bruyette & Woods restated an “outperform” rating on shares of HomeTrust Bancshares in a report on Wednesday, August 19th. Raymond James Financial upgraded HomeTrust Bancshares to a “hold” rating in a report on Monday, October 5th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of HomeTrust Bancshares in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, HomeTrust Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

About HomeTrust Bancshares

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.