Hometrust Bancshares Inc (NASDAQ:HTBI) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 102,700 shares, an increase of 57.0% from the May 30th total of 65,400 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 38,700 shares, the days-to-cover ratio is presently 2.7 days.
In other Hometrust Bancshares news, EVP Keith J. Houghton sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $24.70, for a total value of $98,800.00. Following the completion of the transaction, the executive vice president now directly owns 8,743 shares in the company, valued at $215,952.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of HTBI. Marshall Wace LLP purchased a new stake in shares of Hometrust Bancshares in the first quarter worth approximately $116,000. Private Capital Management LLC raised its stake in shares of Hometrust Bancshares by 2.9% in the first quarter. Private Capital Management LLC now owns 487,123 shares of the financial services provider’s stock worth $12,275,000 after purchasing an additional 13,577 shares during the last quarter. Kennedy Capital Management Inc. raised its stake in shares of Hometrust Bancshares by 13.0% in the first quarter. Kennedy Capital Management Inc. now owns 176,514 shares of the financial services provider’s stock worth $4,448,000 after purchasing an additional 20,288 shares during the last quarter. AJO LP raised its stake in shares of Hometrust Bancshares by 42.3% in the first quarter. AJO LP now owns 99,914 shares of the financial services provider’s stock worth $2,518,000 after purchasing an additional 29,723 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Hometrust Bancshares by 176.6% in the first quarter. Acadian Asset Management LLC now owns 53,843 shares of the financial services provider’s stock worth $1,358,000 after purchasing an additional 34,380 shares during the last quarter. Institutional investors own 60.72% of the company’s stock.
HTBI has been the subject of a number of analyst reports. BidaskClub downgraded Paychex from a “buy” rating to a “hold” rating in a research note on Sunday, June 30th. TheStreet downgraded Weibo from a “b-” rating to a “c+” rating in a research note on Friday, May 31st.
Shares of NASDAQ HTBI traded up $0.34 during midday trading on Thursday, hitting $25.28. 41,800 shares of the company’s stock were exchanged, compared to its average volume of 46,948. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 1.67. Hometrust Bancshares has a 12 month low of $23.93 and a 12 month high of $30.00. The business has a 50 day moving average of $24.82. The company has a market capitalization of $460.95 million, a price-to-earnings ratio of 18.61 and a beta of 0.36.
Hometrust Bancshares (NASDAQ:HTBI) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.25). Hometrust Bancshares had a return on equity of 6.25% and a net margin of 17.15%. The business had revenue of $31.97 million for the quarter.
Hometrust Bancshares Company Profile
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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