HomeTrust Bancshares (NYSE:HTB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of HomeTrust Bancshares (NYSE:HTB) from a sell rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

Other research analysts have also issued research reports about the company. Stephens boosted their price objective on HomeTrust Bancshares from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, August 21st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of HomeTrust Bancshares in a research note on Wednesday, August 19th. Weiss Ratings reiterated a “buy (a-)” rating on shares of HomeTrust Bancshares in a research report on Wednesday, October 21st. Zacks Research lowered shares of HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th. Finally, Raymond James Financial raised shares of HomeTrust Bancshares to a “hold” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

HomeTrust Bancshares Price Performance

NYSE:HTB opened at $47.38 on Friday. The firm has a market capitalization of $790.77 million, a price-to-earnings ratio of 12.12 and a beta of 0.81. HomeTrust Bancshares has a 52-week low of $38.82 and a 52-week high of $52.50. The stock has a fifty day moving average of $46.84 and a 200 day moving average of $46.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.11.

HomeTrust Bancshares (NYSE:HTB) last posted its earnings results on Wednesday, October 21st. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.88 by $0.23. The business had revenue of $55.95 million during the quarter. HomeTrust Bancshares had a return on equity of 11.12% and a net margin of 23.19%. On average, research analysts expect that HomeTrust Bancshares will post 3.90 EPS for the current fiscal year.

HomeTrust Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be issued a $0.15 dividend. The ex-dividend date is Thursday, November 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. HomeTrust Bancshares’s payout ratio is currently 15.11%.

Insider Buying and Selling at HomeTrust Bancshares

In other news, Director Laura Kendall sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was 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 of the company’s stock, valued at approximately $1,238,828.77. The trade was a 29.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.02% of the company’s stock.

Hedge Funds Weigh In On HomeTrust Bancshares

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

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.