HomeTrust Bancshares (NYSE:HTB) Hits New 1-Year High – Here’s What Happened

HomeTrust Bancshares, Inc. (NYSE:HTB) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.25 and last traded at $47.5610, with a volume of 119990 shares. The stock had previously closed at $47.54.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Hovde Group increased their price target on HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, HomeTrust Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

HomeTrust Bancshares Trading Up 0.0%

The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $45.67. The company has a market capitalization of $799.50 million, a P/E ratio of 12.29 and a beta of 0.81.

HomeTrust Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.15 per share. This is an increase from HomeTrust Bancshares’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, May 14th. HomeTrust Bancshares’s dividend payout ratio is presently 15.50%.

Insider Activity

In other HomeTrust Bancshares news, EVP Kristin Y. Powell sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $46.78, for a total value of $46,780.00. Following the transaction, the executive vice president owned 21,595 shares in the company, valued at approximately $1,010,214.10. This trade represents a 4.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Hunter Westbrook sold 31,022 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $45.81, for a total transaction of $1,421,117.82. Following the transaction, the chief executive officer owned 105,828 shares in the company, valued at $4,847,980.68. The trade was a 22.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 61,000 shares of company stock valued at $2,794,550. Insiders own 11.02% of the company’s stock.

Hedge Funds Weigh In On HomeTrust Bancshares

A number of institutional investors have recently added to or reduced their stakes in HTB. California State Teachers Retirement System acquired a new position in shares of HomeTrust Bancshares during the 1st quarter valued at about $37,000. CrossGen Wealth LLC purchased a new position in shares of HomeTrust Bancshares during the first quarter worth $91,000. Sterling Capital Management LLC purchased a new position in HomeTrust Bancshares during the 1st quarter valued at about $105,000. Royal Bank of Canada purchased a new position in shares of HomeTrust Bancshares in the first quarter valued at approximately $153,000. Finally, Public Employees Retirement System of Ohio purchased a new position in HomeTrust Bancshares in the 1st quarter valued at approximately $187,000. Hedge funds and other institutional investors own 60.94% of the company’s stock.

HomeTrust Bancshares Company Profile

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.