Strs Ohio Takes Position in HomeTrust Bancshares, Inc. $HTB

Strs Ohio purchased a new position in shares of HomeTrust Bancshares, Inc. (NYSE:HTB) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,200 shares of the company’s stock, valued at approximately $606,000. Strs Ohio owned 0.08% of HomeTrust Bancshares at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Flywheel Private Wealth LLC bought a new position in HomeTrust Bancshares during the 1st quarter worth $938,000. Rosenthal Henry Capital Advisors Inc. acquired a new stake in HomeTrust Bancshares in the first quarter worth $2,135,000. Sterling Capital Management LLC bought a new stake in HomeTrust Bancshares in the first quarter valued at $105,000. Hsbc Holdings PLC bought a new stake in HomeTrust Bancshares in the fourth quarter valued at $389,000. Finally, CrossGen Wealth LLC acquired a new position in shares of HomeTrust Bancshares during the first quarter valued at $91,000. Institutional investors own 60.94% of the company’s stock.

Wall Street Analysts Forecast Growth

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

HomeTrust Bancshares Stock Performance

NYSE:HTB opened at $48.12 on Friday. The company has a market capitalization of $808.90 million, a PE ratio of 12.43 and a beta of 0.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.08. HomeTrust Bancshares, Inc. has a 1 year low of $37.30 and a 1 year high of $51.00. The stock has a fifty day simple moving average of $47.34.

HomeTrust Bancshares Increases Dividend

The business also recently disclosed 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 is an increase from HomeTrust Bancshares’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.2%. HomeTrust Bancshares’s dividend payout ratio is currently 15.50%.

Insider Transactions at HomeTrust Bancshares

In other news, CEO Hunter Westbrook sold 31,022 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $45.81, for a total value of $1,421,117.82. Following the completion of the sale, the chief executive officer directly owned 105,828 shares of the company’s stock, valued at approximately $4,847,980.68. This represents a 22.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kristin Y. Powell sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was 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 of the company’s stock, valued at approximately $1,010,214.10. This represents a 4.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,000 shares of company stock valued at $2,794,550 in the last quarter. 11.02% of the stock is currently owned by insiders.

HomeTrust Bancshares 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.