HomeTrust Bancshares (NYSE:HTB) Hits New 12-Month High – What’s Next?

HomeTrust Bancshares, Inc. (NYSE:HTB)’s stock 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.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note 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. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, HomeTrust Bancshares currently has an average rating of “Moderate Buy” and an average price target of $47.00.

HomeTrust Bancshares Trading Up 1.1%

The firm has a market capitalization of $809.50 million, a PE ratio of 12.46 and a beta of 0.81. 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 fifty day simple moving average is $46.13.

HomeTrust Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were given a dividend of $0.15 per share. This is an increase from HomeTrust Bancshares’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 15.50%.

Insider Transactions at HomeTrust Bancshares

In other HomeTrust Bancshares news, CEO Hunter Westbrook sold 3,904 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $46.17, for a total transaction of $180,247.68. Following the completion of the transaction, the chief executive officer owned 105,828 shares in the company, valued at $4,886,078.76. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kristin Y. Powell sold 1,000 shares of HomeTrust Bancshares stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $46.78, for a total value of $46,780.00. Following the sale, the executive vice president directly owned 21,595 shares in the company, valued at $1,010,214.10. The trade was a 4.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 61,000 shares of company stock worth $2,794,550. 11.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HomeTrust Bancshares

A number of hedge funds have recently modified their holdings of HTB. Dimensional Fund Advisors LP acquired a new position in shares of HomeTrust Bancshares in the 1st quarter worth approximately $35,667,000. Renaissance Technologies LLC acquired a new stake in HomeTrust Bancshares in the 1st quarter valued at $19,884,000. Empowered Funds LLC bought a new stake in HomeTrust Bancshares in the first quarter valued at $3,255,000. Bank of New York Mellon Corp bought a new stake in HomeTrust Bancshares in the first quarter valued at $2,926,000. Finally, Rosenthal Henry Capital Advisors Inc. bought a new stake in HomeTrust Bancshares in the first quarter valued at $2,135,000. 60.94% of the stock is owned by institutional investors and hedge funds.

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.