Insider Selling: HomeTrust Bancshares (NYSE:HTB) Director Sells $511,300.00 in Stock

HomeTrust Bancshares, Inc. (NYSE:HTB) Director Laura Kendall sold 10,000 shares of the stock in a transaction 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 transaction, the director directly owned 24,229 shares in the company, valued at $1,238,828.77. The trade was a 29.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

HomeTrust Bancshares Price Performance

Shares of NYSE:HTB opened at $51.73 on Thursday. The stock has a market capitalization of $869.55 million, a P/E ratio of 13.58 and a beta of 0.81. The business has a 50-day moving average of $48.73 and a two-hundred day moving average of $45.70. HomeTrust Bancshares, Inc. has a fifty-two week low of $37.35 and a fifty-two week high of $52.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.05.

HomeTrust Bancshares (NYSE:HTB) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. HomeTrust Bancshares had a return on equity of 10.90% and a net margin of 22.50%.The business had revenue of $54.54 million for the quarter, compared to analyst estimates of $53.22 million. On average, equities research analysts predict that HomeTrust Bancshares, Inc. will post 3.87 EPS for the current fiscal year.

HomeTrust Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 13th. HomeTrust Bancshares’s dividend payout ratio (DPR) is 15.75%.

Institutional Trading of HomeTrust Bancshares

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in shares of HomeTrust Bancshares in the first quarter valued at approximately $1,125,000. California State Teachers Retirement System bought a new position in HomeTrust Bancshares during the first quarter worth $37,000. Royal Bank of Canada acquired a new position in HomeTrust Bancshares during the 1st quarter valued at $153,000. Empowered Funds LLC acquired a new position in HomeTrust Bancshares during the 1st quarter valued at $3,255,000. Finally, Quantinno Capital Management LP acquired a new position in HomeTrust Bancshares during the 1st quarter valued at $467,000. Institutional investors own 60.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HTB shares. Zacks Research raised shares of HomeTrust Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, July 23rd. Finally, Hovde Group lifted their target price on shares of HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, HomeTrust Bancshares has an average rating of “Buy” and an average price target 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.