Mendon Capital Advisors Corp Makes New $2 Million Investment in HomeTrust Bancshares, Inc. $HTB

Mendon Capital Advisors Corp purchased a new stake in HomeTrust Bancshares, Inc. (NYSE:HTB) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 46,847 shares of the company’s stock, valued at approximately $1,998,000.

Other institutional investors also recently modified their holdings of the company. Goepper Burkhardt LLC bought a new stake in shares of HomeTrust Bancshares in the 1st quarter valued at about $1,220,000. Rosenthal Henry Capital Advisors Inc. bought a new position in HomeTrust Bancshares during the first quarter worth about $2,135,000. Strs Ohio acquired a new position in HomeTrust Bancshares during the first quarter worth approximately $606,000. Globeflex Capital L P bought a new stake in HomeTrust Bancshares in the first quarter valued at approximately $762,000. Finally, Flywheel Private Wealth LLC bought a new stake in HomeTrust Bancshares in the first quarter valued at approximately $938,000. 60.94% of the stock is currently owned by institutional investors and hedge funds.

HomeTrust Bancshares Stock Up 0.0%

Shares of HTB stock opened at $48.70 on Monday. The stock’s 50 day moving average is $47.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.05. The firm has a market capitalization of $818.73 million, a P/E ratio of 12.78 and a beta of 0.80. HomeTrust Bancshares, Inc. has a 12-month low of $37.30 and a 12-month high of $51.00.

HomeTrust Bancshares (NYSE:HTB) last posted its earnings results on Thursday, July 23rd. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.89 by $0.05. The company had revenue of $54.54 million for the quarter, compared to the consensus estimate of $53.22 million. HomeTrust Bancshares had a return on equity of 10.90% and a net margin of 22.50%. As a group, research analysts expect that HomeTrust Bancshares, Inc. will post 3.71 EPS for the current year.

HomeTrust Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.60 annualized dividend and a yield of 1.2%. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 15.75%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HTB shares. Hovde Group raised their price objective on HomeTrust Bancshares from $46.50 to $47.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Weiss Ratings upgraded HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday. Finally, Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $47.00.

Insiders Place Their Bets

In other news, EVP Kristin Y. Powell sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $46.78, for a total value of $46,780.00. Following the completion of the sale, the executive vice president owned 21,595 shares of the company’s stock, valued at approximately $1,010,214.10. The trade was a 4.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Hunter Westbrook sold 3,904 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $46.17, for a total transaction 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. This trade represents a 3.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,000 shares of company stock valued at $2,794,550 in the last three months. Insiders own 11.02% 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.