Insider Selling: HomeTrust Bancshares (NYSE:HTB) CEO Sells $233,404.00 in Stock

HomeTrust Bancshares, Inc. (NYSE:HTB) CEO Hunter Westbrook sold 5,074 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $46.00, for a total value of $233,404.00. Following the completion of the sale, the chief executive officer directly owned 105,828 shares of the company’s stock, valued at approximately $4,868,088. This represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, May 7th, Hunter Westbrook sold 3,904 shares of HomeTrust Bancshares stock. The stock was sold at an average price of $46.17, for a total value of $180,247.68.
• On Tuesday, May 5th, Hunter Westbrook sold 31,022 shares of HomeTrust Bancshares stock. The stock was sold at an average price of $45.81, for a total value of $1,421,117.82.
• On Friday, May 1st, Hunter Westbrook sold 20,000 shares of HomeTrust Bancshares stock. The stock was sold at an average price of $45.65, for a total value of $913,000.00.

HomeTrust Bancshares Trading Up 0.2%

Shares of NYSE HTB opened at $46.10 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.11 and a debt-to-equity ratio of 0.29. The company has a market cap of $774.92 million, a P/E ratio of 11.91 and a beta of 0.82. HomeTrust Bancshares, Inc. has a twelve month low of $34.66 and a twelve month high of $47.64. The firm has a 50 day moving average price of $43.70.

HomeTrust Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, May 14th. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.3%. HomeTrust Bancshares’s payout ratio is presently 13.44%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HTB. Hovde Group raised their price target on shares of HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Weiss Ratings initiated coverage on shares of HomeTrust Bancshares in a research report on Wednesday, January 14th. They set a “buy (b)” rating for the company. Finally, Wall Street Zen upgraded shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, HomeTrust Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Harbor Advisors LLC bought a new stake in HomeTrust Bancshares in the first quarter valued at $298,000. Dimensional Fund Advisors LP acquired a new position in shares of HomeTrust Bancshares during the first quarter valued at $35,667,000. Sentinel Trust Co. LBA bought a new position in shares of HomeTrust Bancshares during the first quarter worth about $267,000. Bank of New York Mellon Corp acquired a new stake in shares of HomeTrust Bancshares in the 1st quarter worth about $2,926,000. Finally, AMG National Trust Bank acquired a new stake in shares of HomeTrust Bancshares in the 1st quarter worth about $288,000. 60.94% of the stock is currently owned by 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.