HomeTrust Bancshares (NYSE:HTB) CEO Hunter Westbrook Sells 31,022 Shares of Stock

HomeTrust Bancshares, Inc. (NYSE:HTB) CEO Hunter Westbrook sold 31,022 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $45.81, for a total transaction of $1,421,117.82. Following the completion of the sale, the chief executive officer directly owned 105,828 shares of the company’s stock, valued at $4,847,980.68. This represents a 22.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hunter Westbrook also recently made the following trade(s):

• On Wednesday, May 6th, Hunter Westbrook sold 5,074 shares of HomeTrust Bancshares stock. The stock was sold at an average price of $46.00, for a total transaction of $233,404.00.
• On Friday, May 1st, Hunter Westbrook sold 20,000 shares of HomeTrust Bancshares stock. The stock was sold at an average price of $45.65, for a total transaction of $913,000.00.

HomeTrust Bancshares Trading Up 0.1%

NYSE HTB opened at $45.97 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $773.27 million, a P/E ratio of 11.88 and a beta of 0.82. The company has a 50 day simple moving average of $43.70. HomeTrust Bancshares, Inc. has a 1-year low of $34.66 and a 1-year high of $47.64.

HomeTrust Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.60 annualized dividend and a yield of 1.3%. This is a boost from HomeTrust Bancshares’s previous quarterly dividend of $0.13. HomeTrust Bancshares’s payout ratio is presently 13.44%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Hovde Group boosted their price target on HomeTrust Bancshares from $46.50 to $47.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings began coverage on shares of HomeTrust Bancshares in a research report on Wednesday, January 14th. They set a “buy (b)” rating for the company. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Institutional Trading of HomeTrust Bancshares

Several large investors have recently bought and sold shares of HTB. Harbor Advisors LLC bought a new position in shares of HomeTrust Bancshares in the first quarter worth about $298,000. Dimensional Fund Advisors LP acquired a new stake in shares of HomeTrust Bancshares in the 1st quarter valued at approximately $35,667,000. Sentinel Trust Co. LBA bought a new stake in shares of HomeTrust Bancshares during the 1st quarter valued at approximately $267,000. Bank of New York Mellon Corp bought a new stake in shares of HomeTrust Bancshares during the 1st quarter valued at approximately $2,926,000. Finally, AMG National Trust Bank acquired a new position in HomeTrust Bancshares during the 1st quarter worth approximately $288,000. 60.94% of the stock is owned by institutional investors and hedge funds.

About HomeTrust Bancshares

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.