Key Points
- CEO Hunter Westbrook sold a total of 56,096 shares in early May (May 1, 5 and 6) for about $2.57 million, leaving him with 105,828 shares after the transactions.
- HomeTrust raised its quarterly dividend from $0.13 to $0.15 per share (annualized $0.60, yield ~1.3%), with an ex-dividend date of May 14 and payment on May 28.
- The stock carries a consensus "Moderate Buy" rating with a $47.00 price target, and institutions own roughly 60.94% of the shares outstanding.
HomeTrust Bancshares, Inc. (NYSE:HTB - Get Free Report) CEO Hunter Westbrook sold 5,074 shares of the firm's stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $46.00, for a total transaction of $233,404.00. Following the sale, the chief executive officer owned 105,828 shares of the company's stock, valued at approximately $4,868,088. The trade was a 4.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Friday, May 1st, Hunter Westbrook sold 20,000 shares of HomeTrust Bancshares stock. The stock was sold at an average price of $45.65, for a total value of $913,000.00.
HomeTrust Bancshares Stock Up 0.1%
NYSE HTB opened at $45.97 on Friday. The company has a market capitalization of $773.27 million, a price-to-earnings ratio of 11.88 and a beta of 0.82. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a 50 day simple moving average of $43.70. HomeTrust Bancshares, Inc. has a 12-month low of $34.66 and a 12-month high of $47.64.
HomeTrust Bancshares Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, May 14th. This is a positive change from HomeTrust Bancshares's previous quarterly dividend of $0.13. HomeTrust Bancshares's payout ratio is presently 13.44%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Weiss Ratings began coverage on HomeTrust Bancshares in a research note on Wednesday, January 14th. They issued a "buy (b)" rating for the company. Wall Street Zen raised shares of HomeTrust Bancshares from a "sell" rating to a "hold" rating in a report on Saturday, April 4th. Finally, Hovde Group boosted their price objective 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. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.00.
Check Out Our Latest Research Report on HomeTrust Bancshares
Hedge Funds Weigh In On HomeTrust Bancshares
A number of institutional investors have recently added to or reduced their stakes in HTB. CrossGen Wealth LLC purchased a new stake in shares of HomeTrust Bancshares in the 1st quarter valued at about $91,000. Sterling Capital Management LLC purchased a new stake in HomeTrust Bancshares in the first quarter valued at approximately $105,000. Sentinel Trust Co. LBA purchased a new stake in HomeTrust Bancshares in the first quarter valued at approximately $267,000. AMG National Trust Bank bought a new stake in shares of HomeTrust Bancshares during the 1st quarter worth $288,000. Finally, Harbor Advisors LLC purchased a new position in HomeTrust Bancshares in the first quarter worth $298,000. 60.94% of the stock is currently owned by institutional investors.
About HomeTrust Bancshares
(
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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