Key Points
- CEO Hunter Westbrook sold 3,904 shares of HomeTrust Bancshares on May 7 at an average price of $46.17, worth about $180,248. His direct stake fell 3.56% to 105,828 shares.
- Westbrook also sold additional shares earlier in the week, including 31,022 shares on May 5, 5,074 on May 6, and 20,000 on May 1, indicating a series of insider sales.
- HomeTrust Bancshares recently raised its quarterly dividend to $0.15 per share from $0.13, implying a 1.3% annualized yield and a modest payout ratio of 15.5%.
HomeTrust Bancshares, Inc. (NYSE:HTB - Get Free Report) CEO Hunter Westbrook sold 3,904 shares of the business's stock in a transaction 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 directly owned 105,828 shares in the company, valued at $4,886,078.76. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Hunter Westbrook also recently made the following trade(s):
- On Tuesday, May 5th, Hunter Westbrook sold 31,022 shares of HomeTrust Bancshares stock. The stock was sold at an average price of $45.81, for a total value of $1,421,117.82.
- On Wednesday, May 6th, Hunter Westbrook sold 5,074 shares of HomeTrust Bancshares stock. The stock was sold at an average price of $46.00, for a total value of $233,404.00.
- On Friday, May 1st, Hunter Westbrook sold 20,000 shares of HomeTrust Bancshares stock. The shares were sold at an average price of $45.65, for a total transaction of $913,000.00.
HomeTrust Bancshares Trading Up 0.2%
Shares of HTB stock opened at $46.10 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.11. HomeTrust Bancshares, Inc. has a twelve month low of $34.66 and a twelve month high of $47.64. The firm's 50-day moving average price is $43.70. The firm has a market cap of $775.29 million, a PE ratio of 11.91 and a beta of 0.82.
HomeTrust Bancshares Increases Dividend
The company 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 $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, May 14th. This is a positive change from HomeTrust Bancshares's previous quarterly dividend of $0.13. HomeTrust Bancshares's dividend payout ratio (DPR) is presently 15.50%.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Weiss Ratings assumed coverage on shares of HomeTrust Bancshares in a report on Wednesday, January 14th. They set a "buy (b)" rating for the company. Hovde Group increased their price objective on HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a "market perform" rating in a research report on Friday, April 24th. Finally, Wall Street Zen raised HomeTrust Bancshares from a "sell" rating to a "hold" rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $47.00.
Get Our Latest Stock Report on HTB
Institutional Investors Weigh In On HomeTrust Bancshares
Several large investors have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new position in shares of HomeTrust Bancshares during the fourth quarter worth about $389,000. Flywheel Private Wealth LLC purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at approximately $938,000. Sterling Capital Management LLC purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at approximately $105,000. CrossGen Wealth LLC acquired a new position in HomeTrust Bancshares during the 1st quarter worth approximately $91,000. Finally, Rosenthal Henry Capital Advisors Inc. purchased a new position in shares of HomeTrust Bancshares during the 1st quarter worth approximately $2,135,000. Hedge funds and other institutional investors own 60.94% of the company's stock.
HomeTrust Bancshares Company Profile
(
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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