HomeTrust Bancshares (NYSE:HTB) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

HomeTrust Bancshares (NYSE:HTB) announced its quarterly earnings data on Thursday. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.05, Zacks reports. HomeTrust Bancshares had a return on equity of 11.25% and a net margin of 22.78%.

HomeTrust Bancshares Stock Performance

Shares of NYSE:HTB traded up $0.07 on Thursday, hitting $48.29. The stock had a trading volume of 45,715 shares, compared to its average volume of 87,012. The company has a 50 day moving average of $47.86. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The company has a market cap of $811.75 million, a P/E ratio of 12.48 and a beta of 0.80. HomeTrust Bancshares has a twelve month low of $37.30 and a twelve month high of $51.00.

Insider Buying and Selling

In related news, CEO Hunter Westbrook sold 3,904 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $46.17, for a total value of $180,247.68. Following the completion of the transaction, the chief executive officer owned 105,828 shares in the company, valued at $4,886,078.76. The trade was a 3.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $46.78, for a total value of $46,780.00. Following the transaction, the executive vice president directly owned 21,595 shares in the company, valued at approximately $1,010,214.10. This represents a 4.43% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 61,000 shares of company stock valued at $2,794,550. 11.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HTB shares. Hovde Group boosted their price target on shares of HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of HomeTrust Bancshares in a research note on Wednesday, July 8th. Finally, Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.00.

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.