HomeTrust Bancshares (NYSE:HTB) Releases Quarterly Earnings Results, Beats Estimates By $0.23 EPS

HomeTrust Bancshares (NYSE:HTB) issued its quarterly earnings results on Wednesday. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.23, Zacks reports. HomeTrust Bancshares had a net margin of 22.50% and a return on equity of 10.88%. The company had revenue of $55.95 million during the quarter.

HomeTrust Bancshares Price Performance

HTB opened at $47.29 on Thursday. The stock has a 50-day moving average price of $46.86 and a 200-day moving average price of $47.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.08. The firm has a market cap of $789.27 million, a PE ratio of 12.41 and a beta of 0.81. HomeTrust Bancshares has a 1 year low of $38.82 and a 1 year high of $52.50.

HomeTrust Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.15 per share. 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 dividend payout ratio (DPR) is presently 15.75%.

Analyst Upgrades and Downgrades

HTB has been the topic of a number of recent research reports. Raymond James Financial upgraded shares of HomeTrust Bancshares to a “hold” rating in a report on Monday, October 5th. Wall Street Zen lowered shares of HomeTrust Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, October 10th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of HomeTrust Bancshares in a report on Wednesday, August 19th. Stephens boosted their price target on HomeTrust Bancshares from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Finally, Zacks Research cut HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Insider Transactions at HomeTrust Bancshares

In related news, Director Laura Kendall sold 10,000 shares of the company’s 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 transaction, the director owned 24,229 shares in the company, valued at $1,238,828.77. The trade was a 29.21% decrease in their position. 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 insiders.

Institutional Trading of HomeTrust Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of HTB. BlackRock Inc. purchased a new position in HomeTrust Bancshares in the second quarter worth about $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 stake in shares of HomeTrust Bancshares during the first quarter valued at approximately $19,884,000. Empowered Funds LLC bought a new stake in shares of HomeTrust Bancshares during the second quarter valued at approximately $4,099,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of HomeTrust Bancshares during the second quarter valued at approximately $3,647,000. 60.94% of the stock is currently owned by institutional investors.

HomeTrust Bancshares Company Profile

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.