Flywheel Private Wealth LLC Purchases New Shares in HomeTrust Bancshares, Inc. $HTB

Flywheel Private Wealth LLC purchased a new position in shares of HomeTrust Bancshares, Inc. (NYSE:HTB) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,000 shares of the company’s stock, valued at approximately $938,000. Flywheel Private Wealth LLC owned 0.13% of HomeTrust Bancshares at the end of the most recent reporting period.

Separately, Hsbc Holdings PLC purchased a new stake in shares of HomeTrust Bancshares in the fourth quarter valued at about $389,000. Hedge funds and other institutional investors own 60.94% of the company’s stock.

HomeTrust Bancshares Stock Performance

Shares of HomeTrust Bancshares stock opened at $48.07 on Monday. The stock has a market cap of $808.06 million, a P/E ratio of 12.42 and a beta of 0.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.08. HomeTrust Bancshares, Inc. has a one year low of $35.12 and a one year high of $48.63. The stock’s fifty day moving average price is $46.28.

HomeTrust Bancshares Increases Dividend

The company also recently declared 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, May 14th. HomeTrust Bancshares’s dividend payout ratio (DPR) is presently 15.50%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Hovde Group upped 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 issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.00.

Insider Transactions at HomeTrust Bancshares

In other HomeTrust Bancshares news, EVP Kristin Y. Powell sold 1,000 shares of HomeTrust Bancshares 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 approximately $1,010,214.10. The trade was a 4.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hunter Westbrook sold 31,022 shares of HomeTrust Bancshares stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 105,828 shares in the company, valued at $4,847,980.68. This represents a 22.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 61,000 shares of company stock worth $2,794,550. Company insiders own 11.02% of the company’s stock.

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.