Insider Selling: HomeTrust Bancshares (NYSE:HTB) EVP Sells $46,780.00 in Stock

HomeTrust Bancshares, Inc. (NYSE:HTB) EVP Kristin Powell sold 1,000 shares of the business’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 directly owned 21,595 shares in the company, valued at $1,010,214.10. This trade represents a 4.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

HomeTrust Bancshares Stock Performance

NYSE HTB opened at $46.57 on Friday. The stock’s fifty day moving average is $44.89. The firm has a market capitalization of $782.76 million, a price-to-earnings ratio of 12.03 and a beta of 0.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.05. 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 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 of this dividend was Thursday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. HomeTrust Bancshares’s dividend payout ratio is currently 15.50%.

Hedge Funds Weigh In On HomeTrust Bancshares

Large investors have recently modified their holdings of the business. Mendon Capital Advisors Corp acquired a new position in shares of HomeTrust Bancshares in the 1st quarter valued at $1,998,000. Globeflex Capital L P acquired a new position in HomeTrust Bancshares during the 1st quarter worth about $762,000. Goepper Burkhardt LLC acquired a new position in HomeTrust Bancshares during the 1st quarter worth about $1,220,000. Harbor Advisors LLC acquired a new position in HomeTrust Bancshares during the 1st quarter worth about $298,000. Finally, Sentinel Trust Co. LBA acquired a new position in HomeTrust Bancshares during the 1st quarter worth about $267,000. Institutional investors and hedge funds own 60.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on HTB shares. Hovde Group upped their price target 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. Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, HomeTrust Bancshares has an average rating of “Moderate Buy” and an average 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.