Hometrust Bancshares (NASDAQ:HTBI) Upgraded at BidaskClub

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Hometrust Bancshares (NASDAQ:HTBI) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, October 12th.

Separately, TheStreet raised Hometrust Bancshares from a “c” rating to a “b-” rating in a research report on Friday, August 10th.

HTBI stock traded down $0.29 during mid-day trading on Friday, reaching $27.77. The company had a trading volume of 56,808 shares, compared to its average volume of 44,992. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.56. The company has a market cap of $531.94 million, a price-to-earnings ratio of 20.12 and a beta of 0.32. Hometrust Bancshares has a 52 week low of $24.20 and a 52 week high of $30.00.

Hometrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings data on Friday, July 27th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Hometrust Bancshares had a return on equity of 6.43% and a net margin of 6.04%. The company had revenue of $30.97 million during the quarter, compared to analysts’ expectations of $29.96 million.

In related news, Director Craig C. Koontz sold 8,000 shares of Hometrust Bancshares stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $29.50, for a total transaction of $236,000.00. Following the completion of the sale, the director now directly owns 39,729 shares of the company’s stock, valued at approximately $1,172,005.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Howard L. Sellinger sold 10,000 shares of Hometrust Bancshares stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $29.30, for a total value of $293,000.00. Following the sale, the executive vice president now directly owns 32,983 shares of the company’s stock, valued at $966,401.90. The disclosure for this sale can be found here. Company insiders own 6.34% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Hometrust Bancshares in the 1st quarter valued at $124,000. MetLife Investment Advisors LLC increased its stake in shares of Hometrust Bancshares by 32.4% in the 2nd quarter. MetLife Investment Advisors LLC now owns 8,531 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 2,087 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of Hometrust Bancshares in the 1st quarter valued at $277,000. FSI Group LLC increased its stake in shares of 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 purchasing an additional 5,862 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Hometrust Bancshares in the 2nd quarter valued at $378,000. 60.90% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Technical Analysis of Stocks and What It Means

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