HomeTrust Bancshares (NYSE:HTB) Reaches New 52-Week High – What’s Next?

Shares of HomeTrust Bancshares, Inc. (NYSE:HTB) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $49.07 and last traded at $48.91, with a volume of 192365 shares. The stock had previously closed at $48.05.

Analyst Ratings Changes

Several equities analysts recently commented on HTB shares. Hovde Group upped their target price 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. Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.00.

HomeTrust Bancshares Stock Up 1.8%

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.05. The stock’s fifty day moving average is $46.39. The company has a market cap of $821.93 million, a PE ratio of 12.64 and a beta of 0.81.

HomeTrust Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 14th. 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. HomeTrust Bancshares’s dividend payout ratio is presently 15.50%.

Insider Buying and Selling at HomeTrust Bancshares

In related news, CEO Hunter Westbrook sold 3,904 shares of HomeTrust Bancshares stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $46.17, for a total value of $180,247.68. Following the transaction, the chief executive officer owned 105,828 shares in the company, valued at approximately $4,886,078.76. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $46.78, for a total value of $46,780.00. Following the sale, the executive vice president directly owned 21,595 shares of the company’s stock, valued at approximately $1,010,214.10. This trade represents a 4.43% decrease in their position. 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 over the last three months. Corporate insiders own 11.02% of the company’s stock.

Hedge Funds Weigh In On HomeTrust Bancshares

A number of large investors have recently modified their holdings of the company. California State Teachers Retirement System purchased a new stake in shares of HomeTrust Bancshares during the 1st quarter worth about $37,000. CrossGen Wealth LLC purchased a new position in HomeTrust Bancshares in the first quarter valued at approximately $91,000. Sterling Capital Management LLC acquired a new position in HomeTrust Bancshares during the first quarter valued at approximately $105,000. Royal Bank of Canada acquired a new position in HomeTrust Bancshares during the first quarter valued at approximately $153,000. Finally, Public Employees Retirement System of Ohio acquired a new position in HomeTrust Bancshares during the first quarter valued at approximately $187,000. 60.94% of the stock is currently owned by hedge funds and other 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.