Flywheel Private Wealth LLC Makes New Investment in HomeTrust Bancshares, Inc. $HTB

Flywheel Private Wealth LLC acquired a new position in HomeTrust Bancshares, Inc. (NYSE:HTB) in the 1st quarter, Holdings Channel.com reports. The firm acquired 22,000 shares of the company’s stock, valued at approximately $938,000.

Separately, Hsbc Holdings PLC purchased a new stake in shares of HomeTrust Bancshares during the 4th quarter worth $389,000. 60.94% of the stock is owned by institutional investors and hedge funds.

HomeTrust Bancshares Price Performance

HTB opened at $48.07 on Monday. HomeTrust Bancshares, Inc. has a 1-year low of $35.12 and a 1-year high of $48.63. The firm has a market cap of $808.06 million, a PE ratio of 12.42 and a beta of 0.81. The stock has a 50 day moving average price of $46.28. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17.

HomeTrust Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 14th. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 15.50%.

Insiders Place Their Bets

In other HomeTrust Bancshares news, CEO Hunter Westbrook sold 3,904 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $46.17, for a total value of $180,247.68. Following the sale, the chief executive officer owned 105,828 shares of the company’s stock, valued at approximately $4,886,078.76. This represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $46.78, for a total value of $46,780.00. Following the completion of the transaction, the executive vice president owned 21,595 shares of the company’s stock, valued at approximately $1,010,214.10. This represents a 4.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 61,000 shares of company stock worth $2,794,550. 11.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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