Key Points
- HomeTrust Bancshares EVP Kristin Powell sold 1,000 shares on May 27 at an average price of $46.78, totaling $46,780. After the sale, she still held 21,595 shares, worth about $1.01 million.
- The stock was trading near its 52-week high, opening at $46.92 and sitting just below the year’s peak of $47.64. The shares were up 0.7% in Friday trading.
- HomeTrust recently raised its quarterly dividend to $0.15 per share from $0.13, implying an annualized dividend of $0.60 and a yield of 1.3%. Analysts currently have a consensus rating of “Moderate Buy” with an average target price of $47.00.
HomeTrust Bancshares, Inc. (NYSE:HTB - Get Free Report) EVP Kristin Powell sold 1,000 shares of HomeTrust Bancshares 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 approximately $1,010,214.10. This represents a 4.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
HomeTrust Bancshares Stock Up 0.7%
NYSE HTB opened at $46.92 on Friday. HomeTrust Bancshares, Inc. has a 52 week low of $34.66 and a 52 week high of $47.64. 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 is $44.79. The stock has a market cap of $788.64 million, a price-to-earnings ratio of 12.12 and a beta of 0.82.
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 issued a dividend of $0.15 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. This is a boost from HomeTrust Bancshares's previous quarterly dividend of $0.13. HomeTrust Bancshares's payout ratio is presently 15.50%.
Wall Street Analyst Weigh In
Several research firms have recently commented on HTB. Hovde Group lifted 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. Wall Street Zen upgraded shares of HomeTrust Bancshares from a "sell" rating to a "hold" rating in a report on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, HomeTrust Bancshares currently has an average rating of "Moderate Buy" and an average target price of $47.00.
Read Our Latest Report on HomeTrust Bancshares
Institutional Trading of HomeTrust Bancshares
Institutional investors and hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at about $866,000. Globeflex Capital L P purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at about $762,000. Goepper Burkhardt LLC purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at about $1,220,000. Harbor Advisors LLC purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at about $298,000. Finally, Sentinel Trust Co. LBA purchased a new stake in HomeTrust Bancshares in the 1st quarter valued at about $267,000. 60.94% of the stock is currently owned by hedge funds and other 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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