HomeTrust Bancshares (NYSE:HTB) Sees Unusually-High Trading Volume – Time to Buy?

HomeTrust Bancshares, Inc. (NYSE:HTB) saw an uptick in trading volume on Tuesday . 121,757 shares traded hands during mid-day trading, an increase of 72% from the previous session’s volume of 70,858 shares.The stock last traded at $44.56 and had previously closed at $43.95.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Hovde Group downgraded shares of HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen lowered HomeTrust Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, Weiss Ratings assumed coverage on HomeTrust Bancshares in a research note on Wednesday, January 14th. They set a “buy (b)” rating for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, HomeTrust Bancshares presently has an average rating of “Moderate Buy”.

HomeTrust Bancshares Stock Performance

The stock has a market capitalization of $768.06 million, a price-to-earnings ratio of 11.84 and a beta of 0.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.07 and a current ratio of 1.12.

HomeTrust Bancshares (NYSE:HTB) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. HomeTrust Bancshares had a return on equity of 11.09% and a net margin of 22.01%.The company had revenue of $53.90 million for the quarter.

HomeTrust Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, February 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. HomeTrust Bancshares’s dividend payout ratio (DPR) is currently 13.98%.

Insider Buying and Selling

In other HomeTrust Bancshares news, EVP John Francis Sprink II sold 2,000 shares of the firm’s 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 sale, the executive vice president owned 13,465 shares of the company’s stock, valued at $605,925. This trade represents a 12.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.57% of the company’s stock.

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.