Globeflex Capital L P Acquires New Position in HomeTrust Bancshares, Inc. $HTB

Globeflex Capital L P acquired a new position in shares of HomeTrust Bancshares, Inc. (NYSE:HTB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,870 shares of the company’s stock, valued at approximately $762,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CrossGen Wealth LLC purchased a new position in HomeTrust Bancshares in the first quarter valued at about $91,000. Sterling Capital Management LLC acquired a new stake in shares of HomeTrust Bancshares during the 1st quarter valued at approximately $105,000. Sentinel Trust Co. LBA purchased a new stake in shares of HomeTrust Bancshares during the 1st quarter worth approximately $267,000. Cetera Investment Advisers purchased a new stake in shares of HomeTrust Bancshares during the 1st quarter worth approximately $288,000. Finally, AMG National Trust Bank acquired a new stake in shares of HomeTrust Bancshares in the 1st quarter worth approximately $288,000. 60.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HomeTrust Bancshares

In other news, EVP Kristin Y. Powell sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were 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 directly owned 21,595 shares of the company’s stock, valued at $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 available at this hyperlink. Also, CEO Hunter Westbrook sold 3,904 shares of HomeTrust Bancshares stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $46.17, for a total value of $180,247.68. Following the transaction, the chief executive officer owned 105,828 shares of the company’s stock, valued at $4,886,078.76. This represents a 3.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 61,000 shares of company stock worth $2,794,550 over the last quarter. Company insiders own 11.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HTB shares. Hovde Group raised their price objective 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. Wall Street Zen upgraded HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of HomeTrust Bancshares in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.00.

HomeTrust Bancshares Trading Down 0.6%

Shares of HTB opened at $48.25 on Thursday. 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 firm has a market capitalization of $811.15 million, a PE ratio of 12.47 and a beta of 0.80. The business’s 50-day simple moving average is $47.86. HomeTrust Bancshares, Inc. has a 12-month low of $37.30 and a 12-month high of $51.00.

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.