Asheville-based HomeTrust Bancshares, the holding company of HomeTrust Bank, will transfer its common stock listing from the NASDAQ Stock Market to the New York Stock Exchange, according to an SEC filing Tuesday.
Shares of HomeTrust’s common stock under the ticker symbol “HTBI” will continue to trade on NASDAQ through Friday, Feb. 21. HomeTrust’s common stock is expected to begin trading on the NYSE on Feb. 24, under the symbol “HTB.”
HomeTrust will mark the occasion by ringing the “opening bell” on its first day of NYSE trading, says CEO Hunter Westbrook.
“@e believe leveraging the NYSE trading platform will provide greater exposure for our company and long-term value for our stockholders,” Westbrook says in a release.
HomeTrust Bank, which used to be called Clyde Savings Bank, was founded in 1926 and had $4.6 billion in assets as of Dec. 31. It has more than 30 locations in North and South Carolina, east Tennessee, southwest Virginia and the Atlanta area.
HomeTrust shares opened Tuesday at $37.48. Shares have gained 41% in the past year and have traded as high at $38.99. It has a market capitalization of almost $657 million.