Hometrust Bancshares (NASDAQ:HTBI) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
Separately, TheStreet upgraded shares of Hometrust Bancshares from a “c” rating to a “b-” rating in a research note on Friday, August 10th.
HTBI stock traded down $0.08 during trading on Wednesday, hitting $27.34. 719 shares of the company’s stock traded hands, compared to its average volume of 52,879. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.31 and a quick ratio of 1.31. Hometrust Bancshares has a 52 week low of $24.20 and a 52 week high of $30.00. The firm has a market cap of $515.26 million, a price-to-earnings ratio of 19.87 and a beta of 0.32.
Hometrust Bancshares (NASDAQ:HTBI) last released its earnings results on Monday, October 29th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. Hometrust Bancshares had a net margin of 7.38% and a return on equity of 6.99%. The firm had revenue of $31.89 million during the quarter, compared to analyst estimates of $31.64 million.
In other news, EVP Howard L. Sellinger sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $29.30, for a total transaction of $293,000.00. Following the completion of the transaction, the executive vice president now owns 32,983 shares in the company, valued at $966,401.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig C. Koontz sold 8,000 shares of the company’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $29.50, for a total transaction of $236,000.00. Following the transaction, the director now owns 39,729 shares of the company’s stock, valued at approximately $1,172,005.50. The disclosure for this sale can be found here. 6.34% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC grew its position in shares of Hometrust Bancshares by 32.4% during the second quarter. MetLife Investment Advisors LLC now owns 8,531 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 2,087 shares during the last quarter. Foundry Partners LLC grew its position in Hometrust Bancshares by 1.2% in the 2nd quarter. Foundry Partners LLC now owns 218,955 shares of the financial services provider’s stock valued at $6,164,000 after buying an additional 2,525 shares in the last quarter. FSI Group LLC grew its position in Hometrust Bancshares by 77.8% in the 2nd quarter. FSI Group LLC now owns 13,398 shares of the financial services provider’s stock valued at $377,000 after buying an additional 5,862 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Hometrust Bancshares by 7.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 89,767 shares of the financial services provider’s stock valued at $2,527,000 after buying an additional 6,420 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Hometrust Bancshares by 15.6% in the 3rd quarter. First Trust Advisors LP now owns 53,570 shares of the financial services provider’s stock valued at $1,562,000 after buying an additional 7,244 shares in the last quarter. Institutional investors and hedge funds own 60.97% of the company’s stock.
About Hometrust Bancshares
HomeTrust Bancshares, Inc operates as the bank holding company for HomeTrust Bank that provides a range of retail and commercial banking products. Its deposit products include savings, money market, and demand accounts, as well as certificates of deposit for individuals, businesses, and nonprofit organizations.
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