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

HomeTrust Bancshares, Inc. (NYSE:HTB)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $47.86 and last traded at $47.38, with a volume of 13548 shares changing hands. The stock had previously closed at $47.22.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Hovde Group lifted their price target 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. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

HomeTrust Bancshares Stock Performance

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 firm has a market capitalization of $804.20 million, a PE ratio of 12.37 and a beta of 0.81. The business has a fifty day moving average of $45.26.

HomeTrust Bancshares Increases Dividend

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

Insider Buying and Selling

In other HomeTrust Bancshares news, EVP Kristin Y. Powell sold 1,000 shares of the business’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 sale, the executive vice president directly owned 21,595 shares of the company’s stock, valued at $1,010,214.10. The trade was a 4.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Hunter Westbrook sold 3,904 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $46.17, for a total transaction of $180,247.68. Following the sale, the chief executive officer directly owned 105,828 shares in the company, valued at $4,886,078.76. The trade was a 3.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 61,000 shares of company stock worth $2,794,550 over the last three months. Insiders own 11.02% of the company’s stock.

Institutional Investors Weigh In On HomeTrust Bancshares

A number of institutional investors have recently modified their holdings of HTB. Hsbc Holdings PLC bought a new stake in shares of HomeTrust Bancshares in the 4th quarter valued at $389,000. Flywheel Private Wealth LLC bought a new stake in shares of HomeTrust Bancshares in the 1st quarter valued at $938,000. Sterling Capital Management LLC bought a new stake in shares of HomeTrust Bancshares in the 1st quarter valued at $105,000. CrossGen Wealth LLC bought a new stake in shares of HomeTrust Bancshares in the 1st quarter valued at $91,000. Finally, Rosenthal Henry Capital Advisors Inc. bought a new stake in shares of HomeTrust Bancshares in the 1st quarter valued at $2,135,000. 60.94% of the stock is owned by institutional investors.

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.