HomeTrust Bancshares (NYSE:HTB) CEO Sells $913,000.00 in Stock

HomeTrust Bancshares, Inc. (NYSE:HTB) CEO Hunter Westbrook sold 20,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $45.65, for a total transaction of $913,000.00. Following the completion of the sale, the chief executive officer owned 105,828 shares in the company, valued at $4,831,048.20. This represents a 15.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

HomeTrust Bancshares Stock Performance

Shares of NYSE:HTB traded up $0.20 on Tuesday, hitting $45.74. The stock had a trading volume of 24,877 shares, compared to its average volume of 73,550. HomeTrust Bancshares, Inc. has a twelve month low of $34.66 and a twelve month high of $47.64. The company has a quick ratio of 1.05, a current ratio of 1.11 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $43.53. The company has a market cap of $769.35 million, a P/E ratio of 11.82 and a beta of 0.82.

HomeTrust Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from HomeTrust Bancshares’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, May 14th. HomeTrust Bancshares’s dividend payout ratio is 13.44%.

Analyst Ratings Changes

HTB has been the subject of a number of research reports. Wall Street Zen upgraded HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Hovde Group lifted 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, Weiss Ratings began coverage on HomeTrust Bancshares in a research note on Wednesday, January 14th. They issued a “buy (b)” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Hedge Funds Weigh In On HomeTrust Bancshares

Institutional investors and hedge funds have recently modified their holdings of the business. CrossGen Wealth LLC acquired a new position in shares of HomeTrust Bancshares in the 1st quarter valued at approximately $91,000. Sterling Capital Management LLC acquired a new position in shares of HomeTrust Bancshares in the 1st quarter valued at approximately $105,000. AMG National Trust Bank acquired a new position in shares of HomeTrust Bancshares in the 1st quarter valued at approximately $288,000. Equitable Trust Co. bought a new stake in HomeTrust Bancshares in the 1st quarter valued at approximately $329,000. Finally, Hsbc Holdings PLC bought a new stake in HomeTrust Bancshares in the 4th quarter valued at approximately $389,000. 60.94% of the stock is currently owned by institutional investors and hedge funds.

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.