HomeTrust Bancshares (NYSE:HTB) Reaches New 1-Year High – Here’s Why

HomeTrust Bancshares, Inc. (NYSE:HTB) reached a new 52-week high during trading on Thursday . The stock traded as high as $48.25 and last traded at $47.5610, with a volume of 119990 shares. The stock had previously closed at $47.54.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Hovde Group increased their price target on shares of 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 note on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

HomeTrust Bancshares Stock Up 0.0%

The company’s fifty day moving average price is $45.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.05. The firm has a market capitalization of $799.50 million, a price-to-earnings ratio of 12.29 and a beta of 0.81.

HomeTrust Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a $0.15 dividend. This is a boost 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 1.3%. HomeTrust Bancshares’s dividend payout ratio (DPR) is 15.50%.

Insider Activity

In other news, CEO Hunter Westbrook sold 3,904 shares of HomeTrust Bancshares stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $46.17, for a total value of $180,247.68. Following the sale, the chief executive officer owned 105,828 shares of the company’s stock, valued at $4,886,078.76. The trade was a 3.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kristin Y. Powell sold 1,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $46.78, for a total transaction of $46,780.00. Following the transaction, the executive vice president directly owned 21,595 shares of the company’s stock, valued at $1,010,214.10. This represents a 4.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 61,000 shares of company stock worth $2,794,550. Insiders own 11.02% of the company’s stock.

Institutional Trading of HomeTrust Bancshares

Several hedge funds have recently modified their holdings of HTB. California State Teachers Retirement System purchased a new stake in shares of HomeTrust Bancshares in the first quarter valued at approximately $37,000. CrossGen Wealth LLC purchased a new position in HomeTrust Bancshares in the first quarter worth $91,000. Sterling Capital Management LLC acquired a new stake in HomeTrust Bancshares in the first quarter valued at $105,000. Royal Bank of Canada acquired a new stake in HomeTrust Bancshares in the first quarter valued at $153,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of HomeTrust Bancshares during the 1st quarter worth $187,000. 60.94% of the stock is owned by institutional investors and hedge funds.

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.