HomeTrust Bancshares (NYSE:HTB) Cut to “Hold” at Hovde Group

Hovde Group lowered shares of HomeTrust Bancshares (NYSE:HTBFree Report) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

HomeTrust Bancshares Price Performance

HTB stock traded up $0.88 on Monday, reaching $44.51. The company’s stock had a trading volume of 39,196 shares, compared to its average volume of 58,570. The firm has a market capitalization of $776.43 million, a price-to-earnings ratio of 12.30 and a beta of 0.88. HomeTrust Bancshares has a 52 week low of $30.95 and a 52 week high of $47.64.

About HomeTrust Bancshares

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HomeTrust Bancshares, Inc is the bank holding company for HomeTrust Bank, a regional community bank that provides a range of commercial and consumer banking services. Through its subsidiary bank, the company offers traditional deposit and lending products, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lending, and business loans. HomeTrust also delivers treasury management and payment services for small and midsize businesses, along with digital banking tools to support day-to-day account access and payments.

The company’s product set extends beyond core banking to include wealth management and trust services, commercial real estate financing, and specialized lending for agriculture and construction where relevant to local markets.

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