HomeTrust Bancshares (NYSE:HTB) Posts Earnings Results, Beats Estimates By $0.05 EPS

HomeTrust Bancshares (NYSE:HTB) issued its quarterly earnings results on Thursday. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05, Zacks reports. HomeTrust Bancshares had a return on equity of 11.25% and a net margin of 22.78%.

HomeTrust Bancshares Stock Performance

HomeTrust Bancshares stock opened at $48.39 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17. HomeTrust Bancshares has a fifty-two week low of $37.30 and a fifty-two week high of $51.00. The company has a market capitalization of $813.37 million, a PE ratio of 12.50 and a beta of 0.80. The stock has a fifty day moving average price of $47.91.

HomeTrust Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 13th. HomeTrust Bancshares’s payout ratio is 15.50%.

Insider Activity

In other news, EVP Kristin Y. Powell sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $46.78, for a total transaction of $46,780.00. Following the completion of the transaction, the executive vice president owned 21,595 shares of the company’s stock, valued at approximately $1,010,214.10. The trade was a 4.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hunter Westbrook sold 31,022 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $45.81, for a total transaction of $1,421,117.82. Following the completion of the sale, the chief executive officer directly owned 105,828 shares in the company, valued at $4,847,980.68. This represents a 22.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 61,000 shares of company stock valued at $2,794,550. 11.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HTB shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of HomeTrust Bancshares in a report on Wednesday, July 8th. Hovde Group upped their price target 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, Wall Street Zen upgraded shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.00.

About HomeTrust Bancshares

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.