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

Shares of HomeTrust Bancshares, Inc. (NYSE:HTB) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $52.00.

Several research firms recently issued reports on HTB. Wall Street Zen lowered shares of HomeTrust Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings upgraded shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, July 23rd. Zacks Research cut HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Raymond James Financial upgraded HomeTrust Bancshares to a “hold” rating in a research note on Monday, October 5th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of HomeTrust Bancshares in a research note on Wednesday, August 19th.

Insider Transactions at HomeTrust Bancshares

In other HomeTrust Bancshares 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 transaction of $511,300.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HomeTrust Bancshares

A number of hedge funds have recently made changes to their positions in HTB. Global Retirement Partners LLC acquired a new stake in shares of HomeTrust Bancshares in the second quarter valued at about $28,000. California State Teachers Retirement System acquired a new position in shares of HomeTrust Bancshares in the first quarter worth approximately $37,000. Susquehanna Fundamental Investments LLC lifted its stake in shares of HomeTrust Bancshares by 12.9% in the second quarter. Susquehanna Fundamental Investments LLC now owns 13,925 shares of the company’s stock worth $695,000 after acquiring an additional 1,589 shares during the period. CrossGen Wealth LLC bought a new stake in HomeTrust Bancshares in the first quarter valued at approximately $91,000. Finally, Sterling Capital Management LLC bought a new stake in HomeTrust Bancshares in the first quarter valued at approximately $105,000. 60.94% of the stock is currently owned by institutional investors and hedge funds.

HomeTrust Bancshares Trading Down 1.5%

HTB opened at $45.73 on Friday. HomeTrust Bancshares has a twelve month low of $38.30 and a twelve month high of $52.50. The company has a 50-day simple moving average of $47.54 and a 200 day simple moving average of $47.04. The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $763.30 million, a price-to-earnings ratio of 12.00 and a beta of 0.81.

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

HomeTrust Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.60 annualized dividend and a yield of 1.3%. HomeTrust Bancshares’s dividend payout ratio (DPR) is 15.75%.

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.