NasdaqGS:HTBI

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

HomeTrust Bancshares, Inc. operates as the bank holding company for HomeTrust Bank that provides a range of retail and commercial banking products and services. More Details


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has HomeTrust Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HTBI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: HTBI's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

1.2%

HTBI

6.0%

US Banks

2.8%

US Market


1 Year Return

-29.0%

HTBI

-17.4%

US Banks

20.9%

US Market

Return vs Industry: HTBI underperformed the US Banks industry which returned -17.3% over the past year.

Return vs Market: HTBI underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

HTBIIndustryMarket
7 Day1.2%6.0%2.8%
30 Day18.1%23.6%11.1%
90 Day30.7%17.6%6.5%
1 Year-27.8%-29.0%-14.3%-17.4%23.6%20.9%
3 Year-29.8%-31.8%-3.9%-11.9%47.3%37.6%
5 Year-4.2%-6.9%35.9%18.9%94.3%72.9%

Long-Term Price Volatility Vs. Market

How volatile is HomeTrust Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is HomeTrust Bancshares undervalued compared to its fair value and its price relative to the market?

15.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HTBI ($18.56) is trading above our estimate of fair value ($11.45)

Significantly Below Fair Value: HTBI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HTBI is poor value based on its PE Ratio (15.7x) compared to the US Banks industry average (11.4x).

PE vs Market: HTBI is good value based on its PE Ratio (15.7x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: HTBI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: HTBI is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.9x).


Next Steps

Future Growth

How is HomeTrust Bancshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-4.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HTBI's earnings are forecast to decline over the next 3 years (-4% per year).

Earnings vs Market: HTBI's earnings are forecast to decline over the next 3 years (-4% per year).

High Growth Earnings: HTBI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HTBI's revenue (4.3% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: HTBI's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HTBI's Return on Equity is forecast to be low in 3 years time (3.6%).


Next Steps

Past Performance

How has HomeTrust Bancshares performed over the past 5 years?

25.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HTBI has high quality earnings.

Growing Profit Margin: HTBI's current net profit margins (15.7%) are lower than last year (22%).


Past Earnings Growth Analysis

Earnings Trend: HTBI's earnings have grown significantly by 25.3% per year over the past 5 years.

Accelerating Growth: HTBI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HTBI had negative earnings growth (-30.1%) over the past year, making it difficult to compare to the Banks industry average (-4.3%).


Return on Equity

High ROE: HTBI's Return on Equity (4.9%) is considered low.


Next Steps

Financial Health

How is HomeTrust Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: HTBI's Assets to Equity ratio (9.2x) is low.

Allowance for Bad Loans: HTBI has a sufficient allowance for bad loans (299%).

Low Risk Liabilities: 84% of HTBI's liabilities are made up of primarily low risk sources of funding.

Loan Level: HTBI has an appropriate level of Loans to Assets ratio (74%).

Low Risk Deposits: HTBI's Loans to Deposits ratio (99%) is appropriate.

Level of Bad Loans: HTBI has an appropriate level of bad loans (0.5%).


Next Steps

Dividend

What is HomeTrust Bancshares's current dividend yield, its reliability and sustainability?

1.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HTBI's dividend (1.72%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: HTBI's dividend (1.72%) is low compared to the top 25% of dividend payers in the US market (4.08%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, HTBI has been paying a dividend for less than 10 years.

Growing Dividend: HTBI's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.6%), HTBI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HTBI's dividends in 3 years are forecast to be well covered by earnings (29.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Dana Stonestreet (66 yo)

7yrs

Tenure

US$1,040,345

Compensation

Mr. Dana L. Stonestreet has been Director of HomeTrust Bank since 2008 and served as President until October 28, 2020. Mr. Stonestreet has been Chief Executive Officer of HomeTrust Bancshares, Inc. and Hom...


CEO Compensation Analysis

Compensation vs Market: Dana's total compensation ($USD1.04M) is below average for companies of similar size in the US market ($USD1.79M).

Compensation vs Earnings: Dana's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Dana Stonestreet
Chairman7yrsUS$1.04m1.61%
$ 5.0m
Tony VunCannon
Executive VP14.33yrsUS$382.06k0.40%
$ 1.3m
C. Westbrook
Senior EVP & COO2.08yrsUS$590.23k0.36%
$ 1.1m
Marty Caywood
Executive VP & Chief Information Officer1.58yrsUS$379.86k0.16%
$ 486.8k
Paula Labian
Executive VP & Chief HR Officer1.83yrsUS$837.36k0.041%
$ 127.6k
Keith Houghton
Executive VP & Chief Credit Officer5.92yrsUS$364.15k0.059%
$ 186.3k
R. Little
Executive VP & Chief Risk Officer5.67yrsno data0.053%
$ 165.4k
Bob Callicutt
Davidson County Market President of Hometrust Bank4.5yrsno datano data
R. Shipley
President of Tennessee Market - HomeTrust Bank3.83yrsno datano data
Bonnie Zelwak
VP & County Executive of Cleveland County & Gaston County North Carolina Markets - Hometrust Bank5.5yrsno datano data
Ann Robinson
Market President of Upstate South Carolina Region - Hometrust Bank4.75yrsno datano data

4.8yrs

Average Tenure

57yo

Average Age

Experienced Management: HTBI's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dana Stonestreet
Chairman7yrsUS$1.04m1.61%
$ 5.0m
Robert James
Independent Director4.58yrsUS$76.09k0.054%
$ 170.4k
Laura Kendall
Independent Director4.58yrsUS$84.17k0.095%
$ 298.9k
Richard Williams
Independent Vice Chairman & Lead Director3yrsUS$98.69k0.095%
$ 298.9k
John Switzer
Independent Director1.17yrsUS$67.67k0.012%
$ 39.1k
Sidney Biesecker
Independent Director8.83yrsUS$68.01k0.20%
$ 610.9k
Craig Koontz
Independent Director8.33yrsUS$116.55k0.19%
$ 585.3k
F. McFarland
Independent Director17.83yrsUS$86.39k0.17%
$ 542.1k
Rebekah Lowe
Independence Director0.17yrUS$17.75kno data

4.6yrs

Average Tenure

66yo

Average Age

Experienced Board: HTBI's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HTBI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

HomeTrust Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HomeTrust Bancshares, Inc.
  • Ticker: HTBI
  • Exchange: NasdaqGS
  • Founded: 1926
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$313.283m
  • Shares outstanding: 16.88m
  • Website: https://www.htb.com

Number of Employees


Location

  • HomeTrust Bancshares, Inc.
  • 10 Woodfin Street
  • Asheville
  • North Carolina
  • 28801
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HTBINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 2012

Biography

HomeTrust Bancshares, Inc. operates as the bank holding company for HomeTrust Bank that provides a range of retail and commercial banking products and services. Its deposit products include savings, money ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 23:21
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.