HomeTrust Bancshares (NYSE:HTB) EVP Sells $46,780.00 in Stock

HomeTrust Bancshares, Inc. (NYSE:HTB) EVP Kristin Powell sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $46.78, for a total value of $46,780.00. Following the sale, the executive vice president owned 21,595 shares of the company’s stock, valued at $1,010,214.10. The trade was a 4.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

HomeTrust Bancshares Stock Performance

Shares of NYSE:HTB traded up $0.16 during trading on Thursday, reaching $46.75. 20,025 shares of the stock were exchanged, compared to its average volume of 70,388. 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 12-month low of $34.66 and a 12-month high of $47.64. The firm has a market capitalization of $785.87 million, a price-to-earnings ratio of 12.08 and a beta of 0.82. The company has a 50-day moving average price of $44.70.

HomeTrust Bancshares Increases Dividend

The business 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 an increase from HomeTrust Bancshares’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, May 14th. HomeTrust Bancshares’s payout ratio is 15.50%.

Analyst Upgrades and Downgrades

HTB has been the subject of a number of analyst reports. Hovde Group upped 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 upgraded 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 issued a Hold rating to the stock. According to data from MarketBeat.com, HomeTrust Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Institutional Trading of HomeTrust Bancshares

Large investors have recently modified their holdings of the business. California State Teachers Retirement System acquired a new stake in shares of HomeTrust Bancshares during the first quarter valued at about $37,000. CrossGen Wealth LLC purchased a new position in shares of HomeTrust Bancshares during the 1st quarter valued at approximately $91,000. Sterling Capital Management LLC purchased a new position in shares of HomeTrust Bancshares during the 1st quarter valued at approximately $105,000. Royal Bank of Canada purchased a new position in shares of HomeTrust Bancshares during the 1st quarter valued at approximately $153,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of HomeTrust Bancshares during the 1st quarter valued at approximately $187,000. 60.94% of the stock is currently owned by institutional investors and hedge funds.

About HomeTrust Bancshares

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.