HomeTrust Bancshares (NYSE:HTB) Posts Quarterly Earnings Results, Beats Estimates 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 net margin of 22.78% and a return on equity of 11.25%.

HomeTrust Bancshares Stock Down 1.4%

NYSE HTB traded down $0.68 on Thursday, reaching $47.55. The company had a trading volume of 24,395 shares, compared to its average volume of 86,722. HomeTrust Bancshares has a 52-week low of $37.30 and a 52-week high of $51.00. 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 stock has a market capitalization of $799.23 million, a PE ratio of 12.31 and a beta of 0.80. The business has a fifty day moving average price of $47.86.

Insiders Place Their Bets

In related news, EVP Kristin Y. Powell sold 1,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $46.78, for a total transaction of $46,780.00. Following the completion of the transaction, the executive vice president owned 21,595 shares in the company, valued at approximately $1,010,214.10. This represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hunter Westbrook sold 3,904 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 105,828 shares of the company’s stock, valued at approximately $4,886,078.76. This trade represents a 3.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 61,000 shares of company stock worth $2,794,550 over the last quarter. Company insiders own 11.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HTB shares. Weiss Ratings restated a “buy (b+)” rating on shares of HomeTrust Bancshares in a research note on Wednesday, July 8th. Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Hovde Group increased their price target on HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. 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 presently has an average 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.