HomeTrust Bancshares, Inc. (NYSE:HTB) Stock Has Consensus Target Price of $52.00 According to Brokerages

Shares of HomeTrust Bancshares, Inc. (NYSE:HTB) have received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $52.00.

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered HomeTrust Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, October 10th. Stephens lifted their target price on HomeTrust Bancshares from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of HomeTrust Bancshares in a report on Wednesday, August 19th. Raymond James Financial raised HomeTrust Bancshares to a “hold” rating in a research report on Monday, October 5th. Finally, Zacks Research cut HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th.

HomeTrust Bancshares Stock Up 1.0%

Shares of HTB traded up $0.49 on Friday, reaching $46.98. The company’s stock had a trading volume of 94,348 shares, compared to its average volume of 177,490. HomeTrust Bancshares has a twelve month low of $38.82 and a twelve month high of $52.50. The stock has a market capitalization of $784.05 million, a PE ratio of 12.33 and a beta of 0.81. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $47.02 and a 200-day moving average of $47.18.

HomeTrust Bancshares (NYSE:HTB) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. The business had revenue of $54.54 million during the quarter, compared to the consensus estimate of $53.22 million. HomeTrust Bancshares had a return on equity of 10.88% and a net margin of 22.50%. Equities analysts predict that HomeTrust Bancshares will post 3.71 EPS for the current year.

HomeTrust Bancshares Dividend Announcement

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

Insider Activity at HomeTrust Bancshares

In other news, Director Laura Kendall sold 10,000 shares of the stock in a transaction dated 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 owned 24,229 shares in the company, valued at $1,238,828.77. This represents a 29.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HomeTrust Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in HomeTrust Bancshares in the 2nd quarter valued at $28,000. California State Teachers Retirement System bought a new position in HomeTrust Bancshares during the first quarter valued at about $37,000. Susquehanna Fundamental Investments LLC increased its holdings in HomeTrust Bancshares by 12.9% during the second quarter. Susquehanna Fundamental Investments LLC now owns 13,925 shares of the company’s stock worth $695,000 after buying an additional 1,589 shares during the last quarter. CrossGen Wealth LLC purchased a new stake in HomeTrust Bancshares during the first quarter worth about $91,000. Finally, Sterling Capital Management LLC bought a new stake in HomeTrust Bancshares in the first quarter worth about $105,000. Hedge funds and other institutional investors own 60.94% of the company’s stock.

HomeTrust Bancshares Company Profile

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.