HomeTrust Bancshares (NYSE:HTB) Price Target Raised to $47.00

HomeTrust Bancshares (NYSE:HTB) had its price target upped by Hovde Group from $46.50 to $47.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. Hovde Group currently has a market perform rating on the stock.

A number of other research analysts have also recently commented on HTB. Weiss Ratings began coverage on HomeTrust Bancshares in a research note on Wednesday, January 14th. They issued a “buy (b)” rating for the company. Wall Street Zen upgraded HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.00.

HomeTrust Bancshares Stock Down 0.2%

HTB opened at $44.53 on Friday. The stock has a market cap of $748.99 million, a PE ratio of 11.51 and a beta of 0.86. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $43.36. HomeTrust Bancshares has a 52 week low of $33.42 and a 52 week high of $47.64.

HomeTrust Bancshares (NYSE:HTB) last released its earnings results on Thursday, January 22nd. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $53.90 million during the quarter. HomeTrust Bancshares had a return on equity of 11.25% and a net margin of 22.78%. Equities analysts anticipate that HomeTrust Bancshares will post 3.42 EPS for the current year.

HomeTrust Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, May 14th. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 13.44%.

Insider Transactions at HomeTrust Bancshares

In other HomeTrust Bancshares news, EVP John Francis Sprink II sold 2,000 shares of HomeTrust Bancshares stock in a transaction on Friday, February 6th. The stock was sold at an average price of $45.00, for a total transaction of $90,000.00. Following the completion of the transaction, the executive vice president owned 13,465 shares in the company, valued at approximately $605,925. The trade was a 12.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.02% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new position in HomeTrust Bancshares during the first quarter valued at $606,000. Rosenthal Henry Capital Advisors Inc. purchased a new position in HomeTrust Bancshares during the first quarter valued at $2,135,000. CrossGen Wealth LLC purchased a new position in HomeTrust Bancshares during the first quarter valued at $91,000. Sterling Capital Management LLC purchased a new position in HomeTrust Bancshares during the first quarter valued at $105,000. Finally, Flywheel Private Wealth LLC purchased a new position in HomeTrust Bancshares during the first quarter valued at $938,000. Hedge funds and other institutional investors own 60.94% of the company’s stock.

HomeTrust Bancshares Company Profile

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.