HomeTrust Bancshares (NYSE:HTB) Hits New 12-Month High – Here’s What Happened

HomeTrust Bancshares, Inc. (NYSE:HTB)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $47.86 and last traded at $47.38, with a volume of 13548 shares trading hands. The stock had previously closed at $47.22.

Analyst Ratings Changes

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

HomeTrust Bancshares Stock Up 1.3%

The company has a market capitalization of $804.20 million, a price-to-earnings ratio of 12.37 and a beta of 0.81. The stock has a 50 day simple moving average of $45.26. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

HomeTrust Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued 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 annualized dividend and a yield of 1.3%. HomeTrust Bancshares’s dividend payout ratio is currently 15.50%.

Insider Buying and Selling at HomeTrust Bancshares

In other HomeTrust Bancshares news, EVP Kristin Y. Powell sold 1,000 shares of the company’s 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 transaction, the executive vice president owned 21,595 shares in the company, valued at approximately $1,010,214.10. This represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Hunter Westbrook sold 31,022 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $45.81, for a total transaction of $1,421,117.82. Following the transaction, the chief executive officer owned 105,828 shares in the company, valued at approximately $4,847,980.68. The trade was a 22.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 61,000 shares of company stock worth $2,794,550. Corporate insiders own 11.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HTB. Dimensional Fund Advisors LP purchased a new stake in shares of HomeTrust Bancshares in the first quarter valued at about $35,667,000. Renaissance Technologies LLC purchased a new stake in shares of HomeTrust Bancshares in the first quarter valued at about $19,884,000. Empowered Funds LLC purchased a new stake in shares of HomeTrust Bancshares in the first quarter valued at about $3,255,000. Bank of New York Mellon Corp purchased a new stake in shares of HomeTrust Bancshares in the first quarter valued at about $2,926,000. Finally, Rosenthal Henry Capital Advisors Inc. purchased a new stake in shares of HomeTrust Bancshares in the first quarter valued at about $2,135,000. Institutional investors and hedge funds own 60.94% of the company’s stock.

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.