HomeTrust Bancshares (NYSE:HTB) Reaches New 1-Year High – Time to Buy?

HomeTrust Bancshares, Inc. (NYSE:HTB)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $49.76 and last traded at $49.5090, with a volume of 166241 shares traded. The stock had previously closed at $49.04.

Wall Street Analyst Weigh In

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

HomeTrust Bancshares Price Performance

The firm has a market cap of $832.00 million, a price-to-earnings ratio of 12.79 and a beta of 0.81. The business has a fifty day moving average of $46.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.05.

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 given a dividend of $0.15 per share. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.13. 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%. HomeTrust Bancshares’s payout ratio is 15.50%.

Insider Buying and Selling at HomeTrust Bancshares

In related news, CEO Hunter Westbrook sold 3,904 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $46.17, for a total transaction of $180,247.68. Following the transaction, the chief executive officer owned 105,828 shares in the company, valued at $4,886,078.76. The trade was a 3.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kristin Y. Powell sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $46.78, for a total transaction of $46,780.00. Following the transaction, the executive vice president owned 21,595 shares in the company, valued at $1,010,214.10. The trade was a 4.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 61,000 shares of company stock valued at $2,794,550 in the last quarter. 11.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HomeTrust Bancshares

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

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.