HomeTrust Bancshares (NYSE:HTB) CEO Sells $913,000.00 in Stock

HomeTrust Bancshares, Inc. (NYSE:HTB) CEO Hunter Westbrook sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $45.65, for a total value of $913,000.00. Following the transaction, the chief executive officer directly owned 105,828 shares in the company, valued at approximately $4,831,048.20. This represents a 15.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Hunter Westbrook also recently made the following trade(s):

• On Tuesday, May 5th, Hunter Westbrook sold 31,022 shares of HomeTrust Bancshares stock. The shares were sold at an average price of $45.81, for a total value of $1,421,117.82.
• On Wednesday, May 6th, Hunter Westbrook sold 5,074 shares of HomeTrust Bancshares stock. The shares were sold at an average price of $46.00, for a total value of $233,404.00.

HomeTrust Bancshares Stock Performance

HTB opened at $45.97 on Friday. The company has a market capitalization of $773.27 million, a PE ratio of 11.88 and a beta of 0.82. The company’s 50 day simple moving average is $43.70. HomeTrust Bancshares, Inc. has a one year low of $34.66 and a one year high of $47.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.11.

HomeTrust Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.15 per share. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, May 14th. HomeTrust Bancshares’s payout ratio is currently 13.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CrossGen Wealth LLC bought a new position in HomeTrust Bancshares in the first quarter worth approximately $91,000. Sterling Capital Management LLC bought a new position in HomeTrust Bancshares in the first quarter worth approximately $105,000. Sentinel Trust Co. LBA bought a new position in HomeTrust Bancshares in the first quarter worth approximately $267,000. AMG National Trust Bank bought a new position in HomeTrust Bancshares in the first quarter worth approximately $288,000. Finally, Harbor Advisors LLC bought a new position in HomeTrust Bancshares in the first quarter worth approximately $298,000. Institutional investors own 60.94% of the company’s stock.

Analysts Set New Price Targets

HTB has been the topic of a number of analyst reports. Weiss Ratings initiated coverage on HomeTrust Bancshares in a research note on Wednesday, January 14th. They set a “buy (b)” rating on the stock. Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Hovde Group upped their target price 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 investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.00.

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.