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HomeTrust Bancshares (HTBI)

HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank. As of June 30, 2020, the Company had total consolidated assets of $3.7 billion. The Bank, founded in 1926, is a North Carolina state chartered, community-focused financial institution committed to providing value added relationship banking with over 40 locations as well as online/mobile channels. Locations include: North Carolina (including the Asheville metropolitan area, the "Piedmont" region, Charlotte, and Raleigh/Cary), Upstate South Carolina (Greenville), East Tennessee (including Kingsport/Johnson City/Bristol, Knoxville, and Morristown) and Southwest Virginia (including the Roanoke Valley). The Bank is the 2nd largest community bank headquartered in North Carolina.

HTBI stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$27.50
Low target
$25.00
High target
$30.00
Raymond James
Initiated
Outperform
$30.00
1 Sep 22
Compass Point
Downgraded
Neutral
$25.00
26 Jul 22

Calendar

12 Sep 22
3 Oct 22
30 Jun 23
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 22 Jun 21 Jun 20 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 105.12M 105.12M 105.12M 105.12M 105.12M 105.12M
Cash burn (monthly) (no burn) (no burn) (no burn) (no burn) 1.15M (no burn)
Cash used (since last report) n/a n/a n/a n/a 3.59M n/a
Cash remaining n/a n/a n/a n/a 101.52M n/a
Runway (months of cash) n/a n/a n/a n/a 88.4 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Sep 22 Robert E. James Common Stock Buy Acquire P No No 22.81 2,500 57.03K 12,799
12 Sep 22 Marty T. Caywood Common Stock Payment of exercise Dispose F No No 0 344 0 7,315
12 Sep 22 Marty T. Caywood Common Stock Other Acquire J No No 0 294 0 7,659
12 Sep 22 R. Parrish Little Common Stock Payment of exercise Dispose F No No 0 344 0 9,884
12 Sep 22 R. Parrish Little Common Stock Other Acquire J No No 0 294 0 10,228
12 Sep 22 Tony J. VunCannon Common Stock Payment of exercise Dispose F No No 0 344 0 46,666
12 Sep 22 Tony J. VunCannon Common Stock Other Acquire J No No 0 294 0 47,010
12 Sep 22 Dana L. Stonestreet Common Stock Payment of exercise Dispose F No No 0 2,064 0 291,382
12 Sep 22 Dana L. Stonestreet Common Stock Other Acquire J No No 0 1,764 0 293,446
98.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 97 99 -2.0%
Opened positions 6 11 -45.5%
Closed positions 8 12 -33.3%
Increased positions 31 26 +19.2%
Reduced positions 41 41
13F shares Current Prev Q Change
Total value 905.24M 620.8M +45.8%
Total shares 10.86M 10.91M -0.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 1.15M $30.07M +6.3%
IPXAF Impax Asset Management 911.54K $23.76M -0.5%
Paradice Investment Management 843.62K $21.99M +1.7%
Vanguard 833.39K $21.73M +0.5%
Renaissance Technologies 816.62K $21.29M -2.7%
Dimensional Fund Advisors 641.88K $16.73M -0.8%
Private Capital Management 542.07K $14.13M -4.2%
JHG Janus Henderson 416.95K $10.87M 0.0%
Maltese Capital Management 384.17K $10.02M +2.4%
STT State Street 381.58K $9.95M +1.7%
Largest transactions Shares Bought/sold Change
BLK Blackrock 1.15M +68.79K +6.3%
WINTON 60.63K +60.63K NEW
Panagora Asset Management 115.78K -60.53K -34.3%
Royce & Associates 135.6K +42.7K +46.0%
DB Deutsche Bank AG - Registered Shares 52.58K -33.3K -38.8%
First Trust Advisors 10.6K -32.22K -75.2%
Prospector Partners 93.59K -26.2K -21.9%
Private Capital Management 542.07K -23.6K -4.2%
Wellington Management 0 -23.49K EXIT
Renaissance Technologies 816.62K -22.9K -2.7%

Financial report summary

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Risks
  • Adverse economic conditions in the market areas we serve could adversely impact our earnings and could increase the credit risk associated with our loan portfolio.
  • A continued weak economic recovery or a return to recessionary conditions could increase our level of nonperforming assets, lower real estate values in our primary market areas and reduce demand for loans, which would result in increased loan losses and lower earnings.
  • Our business may be adversely affected by credit risk associated with residential property.
  • High loan-to-value ratios on a portion of our residential mortgage loan portfolio exposes us to greater risk of loss.
  • Our non-owner occupied real estate loans may expose us to increased credit risk.
  • Our construction and land development loans have a higher risk of loss than residential or commercial real estate loans.
  • Our commercial real estate loans involve higher principal amounts than other loans and repayment of these loans may be dependent on factors outside our control or the control of our borrowers.
  • The level of our commercial real estate loan portfolio may subject us to additional regulatory scrutiny.
  • Our equipment finance and auto finance lending increases our exposure to lending risks.
  • Repayment of our municipal leases is dependent on the fire department receiving tax revenues from the county/municipality.
  • Our allowance for credit losses may prove to be insufficient to absorb losses in our loan portfolio.
  • If our nonperforming assets increase, our earnings will be adversely affected.
  • If our REO is not properly valued or sufficiently reserved to cover actual losses, or if we are required to increase our valuation reserves, our earnings could be reduced.
  • Fluctuating interest rates can adversely affect our profitability.
  • We may incur losses on our securities portfolio due to factors beyond our control, including changes in interest rates.
  • Changes in the programs offered by GSEs, our ability to qualify for such programs, and changes in interest rates may affect our gains on sale of loans held for sale, which could negatively impact our noninterest income.
  • Our strategy of pursuing acquisitions exposes us to financial, execution, and operational risks that could adversely affect us.
  • The required accounting treatment of loans we acquire through acquisitions, including purchased financial assets with credit deterioration, could result in higher net interest margins and interest income in current periods and lower net interest margins and interest income in future periods.
  • We may experience future goodwill impairment, which could reduce our earnings.
  • We operate in a highly regulated environment and may be adversely affected by changes in federal and state laws and regulations.
  • Non-compliance with the USA PATRIOT Act, Bank Secrecy Act, or other laws and regulations could result in fines or sanctions and limit our ability to get regulatory approval of acquisitions.
  • We are subject to certain risks in connection with our use of technology.
  • We will be required to transition from the use of the London Interbank Offered Rate ("LIBOR") in the future.
  • Ineffective liquidity management could adversely affect our financial results and condition.
  • Competition with other financial institutions could adversely affect our profitability.
  • Our ability to retain and recruit key management personnel and bankers is critical to the success of our business strategy and any failure to do so could impair our customer relationships and adversely affect our business and results of operations.
  • The financial services market is undergoing rapid technological changes, and if we are unable to stay current with those changes, we will not be able to effectively compete.
  • We rely on other companies to provide key components of our business infrastructure.
  • Managing reputational risk is important to attracting and maintaining customers, investors and employees.
  • Our growth or future losses may require us to raise additional capital in the future, but that capital may not be available when it is needed or the cost of that capital may be very high.
  • We rely on dividends from the Bank for substantially all of our revenue at the holding company level.
Management Discussion
  • Beginning July 1, 2021, the Bank brought its back-office SBA loan servicing process in-house to provide additional servicing fee and gain on sale income. In aggregate, our approach is designated to lead to increased profitability and franchise value over time.

Content analysis

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