Hometrust Bancshares (NASDAQ:HTBI) Upgraded by BidaskClub to Buy

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BidaskClub upgraded shares of Hometrust Bancshares (NASDAQ:HTBI) from a hold rating to a buy rating in a research note released on Friday, BidAskClub reports.

Several other research analysts have also weighed in on HTBI. Compass Point set a $31.00 target price on shares of Hometrust Bancshares and gave the stock a buy rating in a research report on Friday, July 26th. TheStreet upgraded shares of Hometrust Bancshares from a c+ rating to a b- rating in a research report on Tuesday, July 30th.

Shares of HTBI opened at $24.84 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 1.67. The business’s 50-day moving average is $25.08. Hometrust Bancshares has a twelve month low of $23.93 and a twelve month high of $30.00. The firm has a market capitalization of $460.96 million, a price-to-earnings ratio of 17.40 and a beta of 0.35.

In other Hometrust Bancshares news, EVP Keith J. Houghton sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $24.70, for a total transaction of $98,800.00. Following the transaction, the executive vice president now directly owns 8,743 shares in the company, valued at $215,952.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HTBI. Macquarie Group Ltd. grew its position in shares of Hometrust Bancshares by 1,133.3% in the fourth quarter. Macquarie Group Ltd. now owns 1,628 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,496 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Hometrust Bancshares by 469.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,550 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 2,927 shares during the last quarter. Legal & General Group Plc grew its position in shares of Hometrust Bancshares by 32.7% in the fourth quarter. Legal & General Group Plc now owns 3,487 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 859 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Hometrust Bancshares in the first quarter valued at approximately $116,000. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of Hometrust Bancshares by 333.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,473 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 4,978 shares during the last quarter. Institutional investors and hedge funds own 60.68% 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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