HomeTrust Bancshares, Inc. (NYSE:HTB – Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $48.56 and last traded at $48.00, with a volume of 42832 shares trading hands. The stock had previously closed at $47.65.
Wall Street Analyst Weigh In
HTB has been the subject of several recent analyst reports. Wall Street Zen upgraded 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 investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, HomeTrust Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $47.00.
Get Our Latest Stock Report on HomeTrust Bancshares
HomeTrust Bancshares Trading Up 1.1%
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 paid a $0.15 dividend. The ex-dividend date was Thursday, May 14th. This is a boost from HomeTrust Bancshares’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. HomeTrust Bancshares’s dividend payout ratio is presently 15.50%.
Insider Activity
In other HomeTrust Bancshares news, EVP Kristin Y. Powell sold 1,000 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 4.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Hunter Westbrook sold 31,022 shares of HomeTrust Bancshares stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $45.81, for a total value of $1,421,117.82. Following the completion of the transaction, the chief executive officer directly owned 105,828 shares in the company, valued at approximately $4,847,980.68. This represents a 22.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 61,000 shares of company stock valued at $2,794,550 in the last three months. 11.02% of the stock is owned by insiders.
Institutional Investors Weigh In On HomeTrust Bancshares
Hedge funds have recently modified their holdings of the business. California State Teachers Retirement System acquired a new stake in shares of HomeTrust Bancshares in the first quarter worth $37,000. CrossGen Wealth LLC acquired a new position in HomeTrust Bancshares during the 1st quarter valued at $91,000. Sterling Capital Management LLC acquired a new position in HomeTrust Bancshares during the 1st quarter valued at $105,000. Royal Bank of Canada bought a new stake in HomeTrust Bancshares in the 1st quarter valued at $153,000. Finally, Public Employees Retirement System of Ohio bought a new stake in HomeTrust Bancshares in the 1st quarter valued at $187,000. 60.94% of the stock is owned by institutional investors.
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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