HomeTrust Bancshares (NASDAQ:HTBI) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of HomeTrust Bancshares (NASDAQ:HTBI) from a strong-buy rating to a hold rating in a report published on Wednesday, Zacks.com reports.

According to Zacks, “HomeTrust Bancshares, Inc. is a bank holding company. It operates through HomeTrust Bank, a federally chartered mutual savings bank. The Bank’s principal business consists of attracting deposits from the general public and investing those funds, along with borrowed funds, in loans secured primarily by first and second mortgages on one- to four-family residences. HomeTrust Bancshares, Inc. is based in Asheville, North Carolina. “

Separately, TheStreet upgraded shares of HomeTrust Bancshares from a c+ rating to a b- rating in a report on Tuesday, October 19th.

NASDAQ:HTBI opened at $32.51 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.03 and a quick ratio of 0.99. The firm has a market capitalization of $530.56 million, a price-to-earnings ratio of 26.22 and a beta of 0.63. The company’s 50-day moving average is $30.96 and its two-hundred day moving average is $29.06. HomeTrust Bancshares has a 1-year low of $19.55 and a 1-year high of $32.57.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its earnings results on Tuesday, October 26th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.18. The company had revenue of $38.06 million for the quarter, compared to analyst estimates of $37.60 million. HomeTrust Bancshares had a net margin of 12.85% and a return on equity of 9.02%. As a group, equities analysts anticipate that HomeTrust Bancshares will post 2.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 2nd. Stockholders of record on Thursday, November 18th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. This is an increase from HomeTrust Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, November 17th. HomeTrust Bancshares’s payout ratio is 29.03%.

In other news, CFO Tony J. Vuncannon sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 18th. The shares were sold at an average price of $31.44, for a total value of $471,600.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marty T. Caywood sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, November 29th. The shares were sold at an average price of $30.50, for a total transaction of $38,125.00. The disclosure for this sale can be found here. Insiders sold a total of 67,340 shares of company stock worth $2,091,054 over the last three months. Insiders own 6.59% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in HTBI. Citigroup Inc. increased its position in shares of HomeTrust Bancshares by 129.2% in the 3rd quarter. Citigroup Inc. now owns 1,655 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 933 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of HomeTrust Bancshares by 96.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,733 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 1,837 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of HomeTrust Bancshares in the 1st quarter valued at approximately $116,000. Metropolitan Life Insurance Co NY increased its position in shares of HomeTrust Bancshares by 99,216.7% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 5,959 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 5,953 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. purchased a new stake in shares of HomeTrust Bancshares in the 3rd quarter valued at approximately $205,000. 59.37% of the stock is currently owned by hedge funds and other institutional investors.

About HomeTrust Bancshares

HomeTrust Bancshares, Inc operates as a bank holding company, which offers deposit accounts for individuals, businesses, and nonprofit organizations for HomeTrust Bank. It involves in attracting deposits, including savings money market, demand accounts, and certificates of deposit from the general public.

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