HomeTrust Bancshares (NYSE:HTB) Sets New 52-Week High – Still a Buy?

HomeTrust Bancshares, Inc. (NYSE:HTB) reached a new 52-week high during trading on Monday . The stock traded as high as $51.00 and last traded at $49.0210, with a volume of 376 shares traded. The stock had previously closed at $49.43.

Wall Street Analyst Weigh In

HTB has been the topic of several recent analyst reports. Wall Street Zen raised shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Hovde Group increased their price target on HomeTrust Bancshares from $46.50 to $47.00 and gave the stock 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.00.

HomeTrust Bancshares Stock Performance

The company has a market cap of $837.39 million, a P/E ratio of 12.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.08. The business’s fifty day moving average price is $47.11.

HomeTrust Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.15 per share. This is a boost from HomeTrust Bancshares’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 14th. HomeTrust Bancshares’s payout ratio is presently 15.50%.

Insider Buying and Selling

In related news, CEO Hunter Westbrook sold 3,904 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $46.78, for a total value of $46,780.00. Following the transaction, the executive vice president owned 21,595 shares in the company, valued at $1,010,214.10. The trade was a 4.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 61,000 shares of company stock valued at $2,794,550 in the last quarter. 11.02% of the stock is owned by company insiders.

Institutional Trading of HomeTrust Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE bought a new position in HomeTrust Bancshares during the 1st quarter worth about $1,125,000. California State Teachers Retirement System purchased a new stake in shares of HomeTrust Bancshares in the 1st quarter worth approximately $37,000. Royal Bank of Canada bought a new position in shares of HomeTrust Bancshares during the first quarter valued at approximately $153,000. Empowered Funds LLC purchased a new position in HomeTrust Bancshares during the first quarter valued at approximately $3,255,000. Finally, Quantinno Capital Management LP bought a new position in HomeTrust Bancshares in the first quarter worth approximately $467,000. 60.94% of the stock is currently 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.