Insider Selling: HomeTrust Bancshares (NYSE:HTB) CEO Sells 3,904 Shares of Stock

HomeTrust Bancshares, Inc. (NYSE:HTB) CEO Hunter Westbrook sold 3,904 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 105,828 shares of the company’s stock, valued at approximately $4,886,078.76. The trade was a 3.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Hunter Westbrook also recently made the following trade(s):

• On Tuesday, May 5th, Hunter Westbrook sold 31,022 shares of HomeTrust Bancshares stock. The shares were sold at an average price of $45.81, for a total value of $1,421,117.82.
• On Wednesday, May 6th, Hunter Westbrook sold 5,074 shares of HomeTrust Bancshares stock. The shares were sold at an average price of $46.00, for a total value of $233,404.00.
• On Friday, May 1st, Hunter Westbrook sold 20,000 shares of HomeTrust Bancshares stock. The shares were sold at an average price of $45.65, for a total value of $913,000.00.

HomeTrust Bancshares Stock Performance

Shares of NYSE HTB traded up $0.18 during trading hours on Friday, hitting $46.18. The stock had a trading volume of 14,585 shares, compared to its average volume of 72,668. The firm has a market capitalization of $776.66 million, a P/E ratio of 11.94 and a beta of 0.82. The company’s 50-day moving average price is $43.70. HomeTrust Bancshares, Inc. has a 52 week low of $34.66 and a 52 week high of $47.64. The company has a quick ratio of 1.05, a current ratio of 1.11 and a debt-to-equity ratio of 0.29.

HomeTrust Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, May 14th. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.13. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 13.44%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HTB shares. Weiss Ratings started coverage on HomeTrust Bancshares in a research report on Wednesday, January 14th. They set a “buy (b)” rating for the company. Hovde Group increased 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. Finally, Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP acquired a new position in shares of HomeTrust Bancshares in the first quarter valued at $35,667,000. Bank of New York Mellon Corp acquired a new position in shares of HomeTrust Bancshares in the first quarter valued at $2,926,000. Rosenthal Henry Capital Advisors Inc. acquired a new position in HomeTrust Bancshares during the first quarter worth $2,135,000. Flywheel Private Wealth LLC acquired a new position in HomeTrust Bancshares during the first quarter worth $938,000. Finally, Strs Ohio acquired a new stake in shares of HomeTrust Bancshares in the first quarter valued at $606,000. 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.