Kennedy Capital Management Inc. raised its stake in Hometrust Bancshares Inc (NASDAQ:HTBI) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309,365 shares of the financial services provider’s stock after purchasing an additional 3,774 shares during the quarter. Kennedy Capital Management Inc. owned approximately 1.63% of Hometrust Bancshares worth $7,966,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Paradice Investment Management LLC grew its holdings in shares of Hometrust Bancshares by 1.2% in the fourth quarter. Paradice Investment Management LLC now owns 1,126,758 shares of the financial services provider’s stock valued at $29,014,000 after acquiring an additional 13,798 shares in the last quarter. BlackRock Inc. grew its holdings in Hometrust Bancshares by 1.8% during the fourth quarter. BlackRock Inc. now owns 954,957 shares of the financial services provider’s stock valued at $24,591,000 after purchasing an additional 16,586 shares during the period. Pax World Management LLC lifted its position in shares of Hometrust Bancshares by 13.4% during the third quarter. Pax World Management LLC now owns 882,945 shares of the financial services provider’s stock worth $22,648,000 after acquiring an additional 104,446 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Hometrust Bancshares by 15.4% during the third 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. Finally, Vanguard Group Inc. lifted its position in shares of Hometrust Bancshares by 3.2% during the second quarter. Vanguard Group Inc. now owns 705,582 shares of the financial services provider’s stock worth $17,215,000 after acquiring an additional 21,760 shares in the last quarter. Hedge funds and other institutional investors own 60.48% of the company’s stock.
A number of research analysts recently commented on the company. BidaskClub cut Hometrust Bancshares from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 11th. TheStreet raised Hometrust Bancshares from a “c” rating to a “b-” rating in a research note on Friday, November 17th. Sandler O’Neill set a $28.00 price objective on Hometrust Bancshares and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Hometrust Bancshares in a research note on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $28.00.
Hometrust Bancshares Inc (HTBI) traded down $0.10 during trading hours on Wednesday, reaching $27.40. 12,680 shares of the company’s stock were exchanged, compared to its average volume of 36,162. Hometrust Bancshares Inc has a fifty-two week low of $21.40 and a fifty-two week high of $28.00. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $528.74, a P/E ratio of 23.21 and a beta of 0.24.
Hometrust Bancshares (NASDAQ:HTBI) last released its earnings results on Monday, January 29th. The financial services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.08. The company had revenue of $30.02 million for the quarter, compared to analysts’ expectations of $29.59 million. Hometrust Bancshares had a negative net margin of 0.05% and a positive return on equity of 5.65%.
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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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