Kristin Powell Sells 1,000 Shares of HomeTrust Bancshares (NYSE:HTB) Stock

HomeTrust Bancshares, Inc. (NYSE:HTB) EVP Kristin Powell sold 1,000 shares of the company’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 value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

HomeTrust Bancshares Stock Up 0.3%

HTB traded up $0.16 on Thursday, reaching $46.75. The company’s stock had a trading volume of 20,025 shares, compared to its average volume of 70,388. The business has a 50 day simple moving average of $44.70. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $785.87 million, a P/E ratio of 12.08 and a beta of 0.82. HomeTrust Bancshares, Inc. has a fifty-two week low of $34.66 and a fifty-two week high of $47.64.

HomeTrust Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, May 14th. HomeTrust Bancshares’s dividend payout ratio is currently 15.50%.

Analyst Ratings Changes

HTB has been the subject of several research analyst reports. Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Hovde Group increased their price objective 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 equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, HomeTrust Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HTB. Dimensional Fund Advisors LP purchased a new position in shares of HomeTrust Bancshares in the first quarter valued at $35,667,000. Renaissance Technologies LLC purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at about $19,884,000. Empowered Funds LLC purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at about $3,255,000. Bank of New York Mellon Corp purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at about $2,926,000. Finally, Rosenthal Henry Capital Advisors Inc. purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at about $2,135,000. 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.