HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Short Interest Update

HomeTrust Bancshares, Inc. (NASDAQ:HTBI – Get Rating) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 118,500 shares, a growth of 6.5% from the February 13th total of 111,300 shares. Based on an average daily trading volume, of 52,700 shares, the short-interest ratio is presently 2.2 days. Currently, 0.9% of the company’s shares are sold short.

HomeTrust Bancshares Stock Performance

Shares of HomeTrust Bancshares stock opened at $24.84 on Friday. The company has a market capitalization of $431.47 million, a PE ratio of 10.35 and a beta of 0.65. HomeTrust Bancshares has a 12 month low of $21.55 and a 12 month high of $30.82. The company has a current ratio of 1.06, a quick ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $26.79 and its 200 day simple moving average is $24.80.

HomeTrust Bancshares (NASDAQ:HTBI – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.16. HomeTrust Bancshares had a return on equity of 9.28% and a net margin of 21.69%. The firm had revenue of $46.00 million for the quarter, compared to the consensus estimate of $42.00 million. On average, research analysts predict that HomeTrust Bancshares will post 3.14 EPS for the current year.

HomeTrust Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 2nd. Investors of record on Thursday, February 16th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Wednesday, February 15th. HomeTrust Bancshares’s payout ratio is currently 16.67%.

Insider Buying and Selling at HomeTrust Bancshares

In other HomeTrust Bancshares news, CEO Hunter Westbrook sold 32,500 shares of the stock in a transaction on Tuesday, January 24th. The stock was sold at an average price of $25.29, for a total value of $821,925.00. Following the transaction, the chief executive officer now directly owns 63,083 shares in the company, valued at approximately $1,595,369.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other HomeTrust Bancshares news, EVP Marty T. Caywood sold 825 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $30.47, for a total value of $25,137.75. Following the transaction, the executive vice president now directly owns 9,121 shares in the company, valued at approximately $277,916.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hunter Westbrook sold 32,500 shares of the stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $25.29, for a total value of $821,925.00. Following the completion of the transaction, the chief executive officer now owns 63,083 shares in the company, valued at $1,595,369.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,550 shares of company stock worth $3,530,731. Insiders own 6.95% of the company’s stock.

Hedge Funds Weigh In On HomeTrust Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC grew its holdings in HomeTrust Bancshares by 53.5% during the fourth quarter. Voya Investment Management LLC now owns 17,604 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 6,138 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in HomeTrust Bancshares during the fourth quarter worth approximately $602,000. Alliancebernstein L.P. lifted its position in HomeTrust Bancshares by 10.2% during the fourth quarter. Alliancebernstein L.P. now owns 11,900 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 1,100 shares during the last quarter. Lazard Asset Management LLC lifted its position in HomeTrust Bancshares by 13.5% during the fourth quarter. Lazard Asset Management LLC now owns 6,344 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 756 shares during the last quarter. Finally, Millennium Management LLC lifted its position in HomeTrust Bancshares by 4.7% during the fourth quarter. Millennium Management LLC now owns 104,796 shares of the financial services provider’s stock worth $2,533,000 after acquiring an additional 4,736 shares during the last quarter. Institutional investors own 58.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com downgraded HomeTrust Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, March 10th. Piper Sandler raised HomeTrust Bancshares from a “neutral” rating to an “overweight” rating and increased their price target for the company from $27.00 to $32.00 in a research note on Tuesday, February 28th. Finally, Janney Montgomery Scott raised HomeTrust Bancshares from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.00.

HomeTrust Bancshares Company Profile

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HomeTrust Bancshares, Inc operates as a bank holding company, which engages in the provision of deposit accounts for individuals, businesses, and nonprofit organizations for HomeTrust Bank. It is involved in attracting deposits, including savings money market, demand accounts, and certificates of deposit from the general public.