StockNews.com cut shares of HomeTrust Bancshares (NASDAQ:HTBI – Get Rating) from a buy rating to a hold rating in a research report released on Friday.
Other equities research analysts also recently issued research reports about the company. Piper Sandler reduced their target price on HomeTrust Bancshares to $27.00 in a report on Monday, July 4th. Compass Point downgraded HomeTrust Bancshares from a buy rating to a neutral rating and set a $25.00 price target for the company. in a research note on Tuesday, July 26th. Finally, Raymond James assumed coverage on HomeTrust Bancshares in a research note on Thursday, September 1st. They set an outperform rating and a $30.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $27.33.
Get HomeTrust Bancshares alerts:HomeTrust Bancshares Stock Performance
HomeTrust Bancshares stock opened at $23.41 on Friday. HomeTrust Bancshares has a one year low of $22.30 and a one year high of $32.60. The business has a fifty day moving average of $24.05 and a two-hundred day moving average of $26.21. The company has a market cap of $365.62 million, a P/E ratio of 10.50 and a beta of 0.60.
HomeTrust Bancshares (NASDAQ:HTBI – Get Rating) last released its earnings results on Wednesday, July 27th. The financial services provider reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.17). HomeTrust Bancshares had a net margin of 22.96% and a return on equity of 9.01%. The business had revenue of $38.58 million during the quarter, compared to analyst estimates of $37.56 million. Sell-side analysts predict that HomeTrust Bancshares will post 2.39 EPS for the current year.HomeTrust Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Wednesday, August 17th. HomeTrust Bancshares's dividend payout ratio (DPR) is presently 16.14%.
Insider Buying and Selling
In related news, Director Robert E. James acquired 2,500 shares of the company's stock in a transaction that occurred on Thursday, September 15th. The stock was purchased at an average price of $22.81 per share, for a total transaction of $57,025.00. Following the transaction, the director now owns 12,799 shares in the company, valued at approximately $291,945.19. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.59% of the stock is currently owned by company insiders.
Institutional Trading of HomeTrust Bancshares
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dorsey Wright & Associates purchased a new stake in HomeTrust Bancshares during the 1st quarter worth about $43,000. Amalgamated Bank purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at about $53,000. Federated Hermes Inc. grew its holdings in HomeTrust Bancshares by 128.4% in the 1st quarter. Federated Hermes Inc. now owns 2,346 shares of the financial services provider's stock valued at $69,000 after buying an additional 1,319 shares during the period. Nisa Investment Advisors LLC grew its holdings in HomeTrust Bancshares by 13.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,520 shares of the financial services provider's stock valued at $88,000 after buying an additional 420 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in HomeTrust Bancshares by 20.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,645 shares of the financial services provider's stock valued at $91,000 after buying an additional 614 shares during the period. Hedge funds and other institutional investors own 59.30% of the company's stock.
HomeTrust Bancshares Company Profile
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HomeTrust Bancshares, Inc operates as the bank holding company for HomeTrust Bank that provides a range of retail and commercial banking products and services. Its deposit products include savings, money market, and demand accounts, as well as certificates of deposit for individuals, businesses, and nonprofit organizations.
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