HomeTrust Bancshares (NYSE:HTB) CEO Sells $180,247.68 in Stock

Key Points

• HomeTrust Bancshares CEO Hunter Westbrook sold shares totaling about $180,248 on May 7, at an average price of $46.17. After the sale, he still held 105,828 shares, and the filing noted a 3.56% reduction in his ownership.
• Westbrook has been selling stock repeatedly in recent days, including transactions on May 1, May 5, and May 6 that together were worth more than $2.5 million.
• The company raised its quarterly dividend from $0.13 to $0.15 per share, with the next payment set for May 28 and a yield of about 1.3%.

HomeTrust Bancshares, Inc. (NYSE:HTB - Get Free Report) CEO Hunter Westbrook sold 3,904 shares of the firm's stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $46.17, for a total value of $180,247.68. Following the transaction, the chief executive officer owned 105,828 shares in the company, valued at $4,886,078.76. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, May 5th, Hunter Westbrook sold 31,022 shares of HomeTrust Bancshares stock. The shares were sold at an average price of $45.81, for a total value of $1,421,117.82.
• On Wednesday, May 6th, Hunter Westbrook sold 5,074 shares of HomeTrust Bancshares stock. The shares were sold at an average price of $46.00, for a total transaction of $233,404.00.
• On Friday, May 1st, Hunter Westbrook sold 20,000 shares of HomeTrust Bancshares stock. The shares were sold at an average price of $45.65, for a total transaction of $913,000.00.

HomeTrust Bancshares Stock Performance

Shares of HTB traded up $0.18 during midday trading on Friday, hitting $46.18. 14,585 shares of the stock traded hands, compared to its average volume of 72,668. HomeTrust Bancshares, Inc. has a 1-year low of $34.66 and a 1-year high of $47.64. The company has a market capitalization of $776.66 million, a price-to-earnings ratio of 11.94 and a beta of 0.82. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.05. The company's 50 day simple moving average is $43.70.

HomeTrust Bancshares Increases Dividend

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

Institutional Trading of HomeTrust Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. CrossGen Wealth LLC purchased a new position in HomeTrust Bancshares during the 1st quarter valued at about $91,000. Sterling Capital Management LLC purchased a new position in HomeTrust Bancshares during the 1st quarter valued at about $105,000. Sentinel Trust Co. LBA purchased a new position in HomeTrust Bancshares during the 1st quarter valued at about $267,000. AMG National Trust Bank purchased a new position in HomeTrust Bancshares during the 1st quarter valued at about $288,000. Finally, Harbor Advisors LLC purchased a new position in HomeTrust Bancshares during the 1st quarter valued at about $298,000. Institutional investors and hedge funds own 60.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HTB shares. Hovde Group boosted their price target 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. Weiss Ratings started coverage on shares of HomeTrust Bancshares in a research note on Wednesday, January 14th. They set a "buy (b)" rating on the stock. Finally, Wall Street Zen upgraded shares of HomeTrust Bancshares from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $47.00.

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.

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