Sandler O’Neill Reiterates “$28.00” Price Target for Hometrust Bancshares (NASDAQ:HTBI)

Sandler O’Neill set a $28.00 price objective on Hometrust Bancshares (NASDAQ:HTBI) in a research note issued to investors on Thursday, January 4th. The brokerage currently has a hold rating on the financial services provider’s stock.

HTBI has been the topic of a number of other reports. BidaskClub raised shares of Hometrust Bancshares from a hold rating to a buy rating in a report on Wednesday, December 6th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $27.00 price objective on shares of Hometrust Bancshares in a research report on Tuesday, October 3rd. Finally, TheStreet upgraded shares of Hometrust Bancshares from a c rating to a b- rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $28.00.

Hometrust Bancshares (NASDAQ:HTBI) opened at $26.00 on Thursday. The company has a market cap of $493.01, a price-to-earnings ratio of 35.62 and a beta of 0.35. Hometrust Bancshares has a 1-year low of $21.40 and a 1-year high of $28.00. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.32 and a quick ratio of 1.32.

Hometrust Bancshares (NASDAQ:HTBI) last announced its earnings results on Monday, October 30th. The financial services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $29.16 million for the quarter, compared to analysts’ expectations of $30.00 million. Hometrust Bancshares had a net margin of 11.28% and a return on equity of 4.71%.

Several hedge funds and other institutional investors have recently modified their holdings of HTBI. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Hometrust Bancshares by 1.0% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,350 shares of the financial services provider’s stock worth $253,000 after buying an additional 100 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Hometrust Bancshares by 0.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 96,941 shares of the financial services provider’s stock worth $2,365,000 after buying an additional 453 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Hometrust Bancshares by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,051 shares of the financial services provider’s stock worth $342,000 after buying an additional 488 shares during the last quarter. Federated Investors Inc. PA raised its stake in shares of Hometrust Bancshares by 2.2% during the 2nd quarter. Federated Investors Inc. PA now owns 25,335 shares of the financial services provider’s stock worth $618,000 after buying an additional 544 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Hometrust Bancshares by 1.6% during the 2nd quarter. Teachers Advisors LLC now owns 59,338 shares of the financial services provider’s stock worth $1,448,000 after buying an additional 952 shares during the last quarter. Institutional investors own 60.33% of the company’s stock.

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Hometrust Bancshares Company Profile

HomeTrust Bancshares, Inc is a bank holding company of HomeTrust Bank (the Bank). The Bank’s principal business consists of attracting deposits from the public and investing those funds, along with borrowed funds, in loans secured primarily by first and second mortgages on one- to four-family residences, including home equity loans, construction and land/lot loans, commercial real estate loans, construction and development loans, commercial and industrial loans, indirect automobile, and municipal leases.

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