Kevin M. Nunley Acquires 600 Shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Stock

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) EVP Kevin M. Nunley bought 600 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average price of $34.72 per share, for a total transaction of $20,832.00. Following the transaction, the executive vice president now directly owns 2,837 shares in the company, valued at $98,500.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

HomeTrust Bancshares Price Performance

Shares of HomeTrust Bancshares stock traded up $0.71 during trading on Wednesday, reaching $35.53. The company’s stock had a trading volume of 37,817 shares, compared to its average volume of 37,324. HomeTrust Bancshares, Inc. has a 12-month low of $19.37 and a 12-month high of $35.77. The company has a market capitalization of $619.64 million, a P/E ratio of 10.09 and a beta of 0.82. The business has a 50 day moving average price of $29.91 and a 200-day moving average price of $27.55. The company has a quick ratio of 1.06, a current ratio of 1.12 and a debt-to-equity ratio of 0.59.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.73. The business had revenue of $73.53 million for the quarter, compared to analysts’ expectations of $48.06 million. HomeTrust Bancshares had a return on equity of 11.18% and a net margin of 19.42%.

HomeTrust Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, August 15th. HomeTrust Bancshares’s dividend payout ratio is currently 12.75%.

Hedge Funds Weigh In On HomeTrust Bancshares

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in HomeTrust Bancshares by 23.0% during the 4th quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 1,390 shares in the last quarter. Quadrature Capital Ltd acquired a new position in HomeTrust Bancshares in the first quarter valued at $323,000. BNP Paribas Financial Markets increased its position in shares of HomeTrust Bancshares by 21.8% during the fourth quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 2,764 shares in the last quarter. Los Angeles Capital Management LLC grew its position in HomeTrust Bancshares by 8.2% in the 1st quarter. Los Angeles Capital Management LLC now owns 42,438 shares of the financial services provider’s stock worth $1,160,000 after purchasing an additional 3,210 shares in the last quarter. Finally, BHZ Capital Management LP lifted its stake in shares of HomeTrust Bancshares by 43.9% during the 4th quarter. BHZ Capital Management LP now owns 59,477 shares of the financial services provider’s stock valued at $1,601,000 after buying an additional 18,156 shares in the last quarter. Institutional investors own 60.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on HTBI shares. Keefe, Bruyette & Woods raised their target price on HomeTrust Bancshares from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday. Hovde Group initiated coverage on HomeTrust Bancshares in a report on Wednesday. They set an “outperform” rating and a $42.00 target price for the company. Finally, StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, HomeTrust Bancshares has an average rating of “Buy” and an average target price of $34.50.

HomeTrust Bancshares Company Profile

HomeTrust Bancshares, Inc operates as the bank holding company for HomeTrust Bank that provides a range of retail and commercial banking products and services. The company's deposit products include savings, money market, noninterest-bearing, and interest-bearing checking accounts, as well as certificates of deposit for individuals, business, and nonprofit organizations.