Shares of HomeTrust Bancshares, Inc. (NYSE:HTB – Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $49.07 and last traded at $48.91, with a volume of 192365 shares trading hands. The stock had previously closed at $48.05.
Analyst Ratings Changes
HTB has been the subject of a number of research reports. Wall Street Zen raised shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research report 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 report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.00.
Read Our Latest Analysis on HomeTrust Bancshares
HomeTrust Bancshares Price Performance
HomeTrust Bancshares Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. This is a boost from HomeTrust Bancshares’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, May 14th. HomeTrust Bancshares’s payout ratio is currently 15.50%.
Insider Buying and Selling at HomeTrust Bancshares
In other HomeTrust Bancshares news, CEO Hunter Westbrook sold 31,022 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 105,828 shares in the company, valued at $4,847,980.68. The trade was a 22.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of the business’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 completion of the transaction, the executive vice president owned 21,595 shares in the company, valued at $1,010,214.10. This represents a 4.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 61,000 shares of company stock valued at $2,794,550 over the last 90 days. Insiders own 11.02% of the company’s stock.
Institutional Trading of HomeTrust Bancshares
Several large investors have recently modified their holdings of HTB. Dimensional Fund Advisors LP purchased a new stake in shares of HomeTrust Bancshares during the first quarter worth about $35,667,000. Renaissance Technologies LLC purchased a new position in HomeTrust Bancshares in the first quarter valued at about $19,884,000. Empowered Funds LLC acquired a new stake in HomeTrust Bancshares during the 1st quarter valued at approximately $3,255,000. Bank of New York Mellon Corp acquired a new stake in HomeTrust Bancshares during the 1st quarter valued at approximately $2,926,000. Finally, Rosenthal Henry Capital Advisors Inc. purchased a new stake in HomeTrust Bancshares during the 1st quarter worth approximately $2,135,000. 60.94% of the stock is currently owned by institutional investors and hedge funds.
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.
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