HomeTrust Bancshares, Inc. (NYSE:HTB - Get Free Report) CEO Hunter Westbrook sold 20,000 shares of the firm's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $45.65, for a total transaction of $913,000.00. Following the sale, the chief executive officer owned 105,828 shares of the company's stock, valued at approximately $4,831,048.20. This represents a 15.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
HomeTrust Bancshares Stock Performance
Shares of NYSE HTB opened at $45.76 on Wednesday. The business has a 50 day moving average price of $43.56. The company has a market capitalization of $769.57 million, a P/E ratio of 11.82 and a beta of 0.82. HomeTrust Bancshares, Inc. has a 52-week low of $34.66 and a 52-week high of $47.64. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29.
HomeTrust Bancshares Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, May 14th. This is an increase from HomeTrust Bancshares's previous quarterly dividend of $0.13. HomeTrust Bancshares's dividend payout ratio (DPR) is presently 15.50%.
Analyst Ratings Changes
HTB has been the topic of several recent analyst reports. Hovde Group increased 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. Weiss Ratings started coverage on HomeTrust Bancshares in a report on Wednesday, January 14th. They set a "buy (b)" rating on the stock. Finally, Wall Street Zen raised HomeTrust Bancshares from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, HomeTrust Bancshares currently has a consensus rating of "Moderate Buy" and an average price target of $47.00.
Read Our Latest Analysis on HTB
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in HTB. Bank of New York Mellon Corp bought a new position in HomeTrust Bancshares during the first quarter valued at approximately $2,926,000. AMG National Trust Bank bought a new stake in HomeTrust Bancshares in the 1st quarter worth approximately $288,000. Equitable Trust Co. purchased a new stake in HomeTrust Bancshares during the 1st quarter valued at $329,000. Strs Ohio purchased a new stake in HomeTrust Bancshares during the 1st quarter valued at $606,000. Finally, Rosenthal Henry Capital Advisors Inc. bought a new position in shares of HomeTrust Bancshares during the 1st quarter valued at $2,135,000. 60.94% of the stock is owned by hedge funds and other institutional investors.
HomeTrust Bancshares Company Profile
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Get Free Report)
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.
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