Hometrust Bancshares (HTBI) Upgraded at BidaskClub

BidaskClub upgraded shares of Hometrust Bancshares (NASDAQ:HTBI) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other brokerages also recently weighed in on HTBI. Sandler O’Neill set a $28.00 price target on Hometrust Bancshares and gave the stock a hold rating in a report on Thursday, January 4th. Keefe, Bruyette & Woods restated a neutral rating on shares of Hometrust Bancshares in a report on Friday, December 22nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Hometrust Bancshares has an average rating of Buy and an average price target of $28.00.

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Shares of HTBI stock opened at $26.40 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $494.56, a price-to-earnings ratio of 21.71 and a beta of 0.24. Hometrust Bancshares has a 1-year low of $21.40 and a 1-year high of $28.00.

Hometrust Bancshares (NASDAQ:HTBI) last posted its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.08. The firm had revenue of $30.02 million for the quarter, compared to the consensus estimate of $29.59 million. Hometrust Bancshares had a positive return on equity of 5.65% and a negative net margin of 0.05%.

In other Hometrust Bancshares news, EVP Keith J. Houghton sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $27.55, for a total transaction of $165,300.00. Following the sale, the executive vice president now owns 9,412 shares in the company, valued at approximately $259,300.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.34% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Paradice Investment Management LLC boosted its position in shares of Hometrust Bancshares by 29.8% during the 3rd quarter. Paradice Investment Management LLC now owns 1,112,960 shares of the financial services provider’s stock worth $28,547,000 after acquiring an additional 255,209 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Hometrust Bancshares by 15.4% during the 3rd quarter. Janus Henderson Group PLC now owns 858,139 shares of the financial services provider’s stock worth $22,011,000 after acquiring an additional 114,354 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hometrust Bancshares by 8.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 661,390 shares of the financial services provider’s stock worth $16,965,000 after acquiring an additional 54,233 shares in the last quarter. State Street Corp boosted its position in shares of Hometrust Bancshares by 8.2% during the 2nd quarter. State Street Corp now owns 337,523 shares of the financial services provider’s stock worth $8,235,000 after acquiring an additional 25,600 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. boosted its position in shares of Hometrust Bancshares by 38.4% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 86,766 shares of the financial services provider’s stock worth $2,234,000 after acquiring an additional 24,086 shares in the last quarter. Institutional investors own 60.48% 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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