Strs Ohio Invests $606,000 in HomeTrust Bancshares, Inc. $HTB

Strs Ohio bought a new stake in shares of HomeTrust Bancshares, Inc. (NYSE:HTB) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,200 shares of the company’s stock, valued at approximately $606,000.

Other hedge funds have also recently bought and sold shares of the company. Rosenthal Henry Capital Advisors Inc. bought a new stake in HomeTrust Bancshares in the first quarter worth about $2,135,000. Flywheel Private Wealth LLC acquired a new stake in HomeTrust Bancshares in the 1st quarter valued at about $938,000. Hsbc Holdings PLC bought a new position in shares of HomeTrust Bancshares during the 4th quarter valued at about $389,000. Sterling Capital Management LLC acquired a new position in shares of HomeTrust Bancshares in the 1st quarter worth approximately $105,000. Finally, CrossGen Wealth LLC acquired a new position in shares of HomeTrust Bancshares in the 1st quarter worth approximately $91,000. 60.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of HomeTrust Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Hovde Group raised their target price on shares of HomeTrust Bancshares from $46.50 to $47.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. One equities 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Insider Buying and Selling

In other HomeTrust Bancshares news, 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 transaction of $1,421,117.82. Following the transaction, the chief executive officer directly owned 105,828 shares in the company, valued at approximately $4,847,980.68. The trade was a 22.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $46,780.00. Following the transaction, the executive vice president owned 21,595 shares in the company, valued at approximately $1,010,214.10. The trade was a 4.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,000 shares of company stock valued at $2,794,550 in the last ninety days. Company insiders own 11.02% of the company’s stock.

HomeTrust Bancshares Price Performance

HomeTrust Bancshares stock opened at $48.12 on Friday. The stock has a 50 day moving average price of $47.34. The stock has a market capitalization of $808.90 million, a P/E ratio of 12.43 and a beta of 0.80. 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 fifty-two week low of $37.30 and a fifty-two week high of $51.00.

HomeTrust Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a $0.15 dividend. This is a boost from HomeTrust Bancshares’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. HomeTrust Bancshares’s payout ratio is currently 15.50%.

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.