HomeTrust Bancshares (NYSE:HTB) Sets New 52-Week High – What’s Next?

HomeTrust Bancshares, Inc. (NYSE:HTB)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $48.56 and last traded at $48.00, with a volume of 42832 shares traded. The stock had previously closed at $47.65.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HTB shares. Hovde Group lifted their target price on shares of HomeTrust Bancshares from $46.50 to $47.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Wall Street Zen upgraded HomeTrust Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

HomeTrust Bancshares Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.08. The stock’s 50-day moving average is $46.28. The stock has a market capitalization of $808.06 million, a P/E ratio of 12.42 and a beta of 0.81.

HomeTrust Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. This is a boost from HomeTrust Bancshares’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, May 14th. HomeTrust Bancshares’s payout ratio is currently 15.50%.

Insider Buying and Selling at HomeTrust Bancshares

In other HomeTrust Bancshares news, CEO Hunter Westbrook sold 31,022 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $45.81, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $46.78, for a total transaction of $46,780.00. Following the completion of the transaction, the executive vice president owned 21,595 shares in the company, valued at $1,010,214.10. This represents a 4.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 61,000 shares of company stock valued at $2,794,550 over the last 90 days. Insiders own 11.02% of the company’s stock.

Institutional Trading of HomeTrust Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System purchased a new position in HomeTrust Bancshares in the first quarter valued at about $37,000. CrossGen Wealth LLC acquired a new stake in HomeTrust Bancshares during the 1st quarter valued at approximately $91,000. Sterling Capital Management LLC purchased a new stake in HomeTrust Bancshares during the 1st quarter worth approximately $105,000. Royal Bank of Canada purchased a new stake in HomeTrust Bancshares during the 1st quarter worth approximately $153,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of HomeTrust Bancshares in the 1st quarter valued at approximately $187,000. 60.94% of the stock is owned by hedge funds and other institutional investors.

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.