HomeTrust Bancshares (NYSE:HTB) EVP Kristin Powell Sells 1,000 Shares

HomeTrust Bancshares, Inc. (NYSE:HTB) EVP Kristin Powell sold 1,000 shares of HomeTrust Bancshares stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $46.78, for a total transaction of $46,780.00. Following the completion of the sale, the executive vice president directly owned 21,595 shares in the company, valued at $1,010,214.10. This represents a 4.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

HomeTrust Bancshares Stock Performance

Shares of HTB stock opened at $46.92 on Friday. The company has a fifty day moving average price of $44.79. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. 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, Inc. has a fifty-two week low of $34.66 and a fifty-two week high of $47.64.

HomeTrust Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, May 14th. This is an increase from HomeTrust Bancshares’s previous quarterly dividend of $0.13. HomeTrust Bancshares’s payout ratio is 15.50%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System purchased a new position in shares of HomeTrust Bancshares during the 1st quarter worth $37,000. CrossGen Wealth LLC purchased a new position in shares of HomeTrust Bancshares during the 1st quarter worth $91,000. Sterling Capital Management LLC purchased a new position in shares of HomeTrust Bancshares during the 1st quarter worth $105,000. Royal Bank of Canada purchased a new position in shares of HomeTrust Bancshares during the 1st quarter worth $153,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of HomeTrust Bancshares during the 1st quarter worth $187,000. Hedge funds and other institutional investors own 60.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HTB shares. Wall Street Zen upgraded HomeTrust Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Hovde Group raised their price objective on HomeTrust Bancshares from $46.50 to $47.00 and gave the company a “market perform” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.00.

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.