HomeTrust Bancshares (NYSE:HTB) Sets New 12-Month High – Time to Buy?

HomeTrust Bancshares, Inc. (NYSE:HTB)’s stock price 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 trading hands. The stock had previously closed at $48.05.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HTB shares. Wall Street Zen raised HomeTrust Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Hovde Group raised their price target on HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

HomeTrust Bancshares Stock Up 0.1%

The company has a market capitalization of $824.03 million, a PE ratio of 12.67 and a beta of 0.81. 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 company’s 50 day simple moving average is $46.55.

HomeTrust Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, May 14th. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.13. HomeTrust Bancshares’s dividend payout ratio (DPR) is 15.50%.

Insider Transactions at HomeTrust Bancshares

In other HomeTrust Bancshares news, 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 completion of the sale, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hunter Westbrook sold 3,904 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $46.17, for a total transaction of $180,247.68. Following the completion of the transaction, the chief executive officer owned 105,828 shares in the company, valued at $4,886,078.76. This represents a 3.56% decrease in their ownership of the stock. 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 in the last quarter. 11.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HTB. Flywheel Private Wealth LLC bought a new stake in HomeTrust Bancshares during the 1st quarter valued at $938,000. Gamco Investors INC. ET AL purchased a new stake in shares of HomeTrust Bancshares in the 1st quarter worth $866,000. Globeflex Capital L P bought a new position in shares of HomeTrust Bancshares during the 1st quarter worth $762,000. Goepper Burkhardt LLC bought a new position in shares of HomeTrust Bancshares during the 1st quarter worth $1,220,000. Finally, Harbor Advisors LLC purchased a new position in shares of HomeTrust Bancshares during the first quarter valued at $298,000. Institutional investors 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.