BidaskClub Upgrades Hometrust Bancshares (HTBI) to Sell

Hometrust Bancshares (NASDAQ:HTBI) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Wednesday.

Other analysts have also recently issued research reports about the company. TheStreet upgraded Hometrust Bancshares from a “c” rating to a “b-” rating in a research report on Friday, November 17th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $27.00 target price on shares of Hometrust Bancshares in a research report on Tuesday, October 3rd. Finally, Sandler O’Neill set a $28.00 target price on Hometrust Bancshares and gave the stock a “hold” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Hometrust Bancshares currently has a consensus rating of “Hold” and an average target price of $28.00.

Hometrust Bancshares (NASDAQ HTBI) remained flat at $$26.05 during trading on Wednesday. 27,500 shares of the company’s stock were exchanged, compared to its average volume of 35,833. Hometrust Bancshares has a twelve month low of $21.40 and a twelve month 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. The company has a market capitalization of $493.96, a price-to-earnings ratio of 35.68 and a beta of 0.35.

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

A number of hedge funds have recently modified their holdings of HTBI. Russell Investments Group Ltd. increased its position in Hometrust Bancshares by 160.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 8,275 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 5,096 shares during the period. Federated Investors Inc. PA increased its position in Hometrust Bancshares by 2.2% in the 2nd quarter. Federated Investors Inc. PA now owns 25,335 shares of the financial services provider’s stock valued at $618,000 after acquiring an additional 544 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in Hometrust Bancshares by 1.0% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,350 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 100 shares during the period. Alliancebernstein L.P. acquired a new position in Hometrust Bancshares in the 2nd quarter valued at about $288,000. Finally, Teachers Advisors LLC increased its position in Hometrust Bancshares by 1.6% in the 2nd quarter. Teachers Advisors LLC now owns 59,338 shares of the financial services provider’s stock valued at $1,448,000 after acquiring an additional 952 shares during the period. Hedge funds and other 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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