HomeTrust Bancshares, Inc. (NYSE:HTB – Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $48.25 and last traded at $47.5610, with a volume of 119990 shares trading hands. The stock had previously closed at $47.54.
Analysts Set New Price Targets
Several equities analysts recently weighed in on HTB shares. Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note 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 research note on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, HomeTrust Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $47.00.
View Our Latest Stock Analysis on HTB
HomeTrust Bancshares Stock Up 0.7%
HomeTrust Bancshares Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, May 14th. HomeTrust Bancshares’s payout ratio is 15.50%.
Insider Buying and Selling at HomeTrust Bancshares
In other news, EVP Kristin Y. Powell sold 1,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president owned 21,595 shares in the company, valued at $1,010,214.10. This trade represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Hunter Westbrook sold 3,904 shares of HomeTrust Bancshares stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $46.17, for a total value of $180,247.68. Following the completion of the transaction, the chief executive officer owned 105,828 shares in the company, valued at $4,886,078.76. The trade was a 3.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,000 shares of company stock worth $2,794,550 in the last 90 days. Insiders own 11.02% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP acquired a new position in HomeTrust Bancshares in the first quarter valued at $35,667,000. Renaissance Technologies LLC acquired a new position in HomeTrust Bancshares in the first quarter valued at $19,884,000. Empowered Funds LLC acquired a new position in HomeTrust Bancshares in the first quarter valued at $3,255,000. Bank of New York Mellon Corp acquired a new position in HomeTrust Bancshares in the first quarter valued at $2,926,000. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new position in HomeTrust Bancshares in the first quarter valued at $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.
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