HomeTrust Bancshares (NYSE:HTB) Sets New 12-Month High – Here’s What Happened

Shares of HomeTrust Bancshares, Inc. (NYSE:HTB) reached a new 52-week high on Friday . The company traded as high as $47.86 and last traded at $47.38, with a volume of 13548 shares trading hands. The stock had previously closed at $47.22.

Wall Street Analysts Forecast Growth

HTB has been the topic of a number of research analyst reports. Hovde Group boosted 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 raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, HomeTrust Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

HomeTrust Bancshares Stock Performance

The business has a fifty day moving average of $45.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.05. The firm has a market capitalization of $794.79 million, a P/E ratio of 12.22 and a beta of 0.81.

HomeTrust Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.60 dividend on an annualized basis and a 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%.

Insider Buying and Selling

In other HomeTrust Bancshares news, CEO Hunter Westbrook sold 31,022 shares of HomeTrust Bancshares stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $45.81, for a total value of $1,421,117.82. Following the sale, the chief executive officer owned 105,828 shares of the company’s stock, valued at $4,847,980.68. The trade was a 22.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of HomeTrust Bancshares stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 21,595 shares in the company, valued at approximately $1,010,214.10. The trade was a 4.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 61,000 shares of company stock worth $2,794,550. 11.02% of the stock is owned by insiders.

Institutional Trading of HomeTrust Bancshares

A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP bought a new stake in HomeTrust Bancshares in the 1st quarter worth approximately $35,667,000. Renaissance Technologies LLC bought a new stake in HomeTrust Bancshares in the 1st quarter worth approximately $19,884,000. Empowered Funds LLC bought a new stake in HomeTrust Bancshares in the 1st quarter worth approximately $3,255,000. Bank of New York Mellon Corp bought a new stake in HomeTrust Bancshares in the 1st quarter worth approximately $2,926,000. Finally, Rosenthal Henry Capital Advisors Inc. bought a new stake in HomeTrust Bancshares in the 1st quarter worth approximately $2,135,000. Institutional investors own 60.94% of the company’s stock.

HomeTrust Bancshares Company Profile

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.