HomeTrust Bancshares (NYSE:HTB) Shares Gap Down – Time to Sell?

Shares of HomeTrust Bancshares, Inc. (NYSE:HTB) gapped down prior to trading on Monday . The stock had previously closed at $49.98, but opened at $48.02. HomeTrust Bancshares shares last traded at $47.49, with a volume of 27,809 shares trading hands.

Wall Street Analyst Weigh In

HTB has been the subject of several analyst reports. Hovde Group lifted their price objective on shares of HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Zacks Research raised shares of HomeTrust Bancshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $47.00.

HomeTrust Bancshares Trading Down 0.9%

The company has a market capitalization of $790.77 million, a price-to-earnings ratio of 12.44 and a beta of 0.81. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average price is $49.21 and its two-hundred day moving average price is $46.10.

HomeTrust Bancshares (NYSE:HTB) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. The business had revenue of $54.54 million during the quarter, compared to analysts’ expectations of $53.22 million. HomeTrust Bancshares had a net margin of 22.50% and a return on equity of 10.88%. On average, equities analysts predict that HomeTrust Bancshares, Inc. will post 3.76 earnings per share for the current fiscal year.

HomeTrust Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. HomeTrust Bancshares’s dividend payout ratio is 15.75%.

Insider Activity

In related news, EVP Kristin Y. Powell sold 1,000 shares of HomeTrust Bancshares stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $46.78, for a total transaction of $46,780.00. Following the sale, the executive vice president directly owned 21,595 shares in the company, valued at $1,010,214.10. This trade represents a 4.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura C. Kendall sold 10,000 shares of HomeTrust Bancshares stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $51.13, for a total transaction of $511,300.00. Following the transaction, the director owned 24,229 shares in the company, valued at approximately $1,238,828.77. This trade represents a 29.21% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HomeTrust Bancshares

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of HomeTrust Bancshares during the 2nd quarter worth approximately $83,715,000. Dimensional Fund Advisors LP bought a new position in HomeTrust Bancshares during the first quarter worth $35,667,000. Renaissance Technologies LLC bought a new position in HomeTrust Bancshares during the first quarter worth $19,884,000. Empowered Funds LLC acquired a new stake in HomeTrust Bancshares in the second quarter worth $4,099,000. Finally, Bank of New York Mellon Corp acquired a new stake in HomeTrust Bancshares in the second quarter worth $3,647,000. 60.94% of the stock is owned by institutional investors and hedge funds.

About HomeTrust Bancshares

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.