Kristin Powell Sells 1,000 Shares of HomeTrust Bancshares (NYSE:HTB) Stock

HomeTrust Bancshares, Inc. (NYSE:HTB) EVP Kristin Powell sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $46.78, for a total value of $46,780.00. Following the completion of the sale, the executive vice president owned 21,595 shares of the company’s stock, valued at $1,010,214.10. The trade was a 4.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

HomeTrust Bancshares Stock Performance

Shares of NYSE HTB opened at $46.57 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $782.76 million, a price-to-earnings ratio of 12.03 and a beta of 0.82. The company has a 50 day moving average price of $44.89. HomeTrust Bancshares, Inc. has a 52-week low of $34.66 and a 52-week high of $47.64.

HomeTrust Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a $0.15 dividend. 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 dividend on an annualized basis and a dividend yield of 1.3%. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 15.50%.

Institutional Trading of HomeTrust Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System purchased a new stake in shares of HomeTrust Bancshares during the 1st quarter valued at $37,000. CrossGen Wealth LLC purchased a new stake in shares of HomeTrust Bancshares during the 1st quarter valued at $91,000. Sterling Capital Management LLC purchased a new stake in shares of HomeTrust Bancshares during the 1st quarter valued at $105,000. Royal Bank of Canada purchased a new stake in shares of HomeTrust Bancshares during the 1st quarter valued at $153,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of HomeTrust Bancshares during the 1st quarter valued at $187,000. Hedge funds and other institutional investors own 60.94% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.