HomeTrust Bancshares (HTBI) Downgraded by BidaskClub

BidaskClub lowered shares of HomeTrust Bancshares (NASDAQ:HTBI) from a buy rating to a hold rating in a research note published on Friday.

HomeTrust Bancshares opened at $26.90 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.56. The firm has a market cap of $512.10 million, a price-to-earnings ratio of 21.18 and a beta of 0.23. HomeTrust Bancshares has a fifty-two week low of $21.40 and a fifty-two week high of $28.00.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. The company had revenue of $30.16 million during the quarter, compared to analysts’ expectations of $29.41 million. HomeTrust Bancshares had a net margin of 4.40% and a return on equity of 5.97%.

In other HomeTrust Bancshares news, EVP Keith J. Houghton sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $27.55, for a total transaction of $165,300.00. Following the completion of the transaction, the executive vice president now directly owns 9,412 shares in the company, valued at $259,300.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.34% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Paradice Investment Management LLC raised its position 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 buying an additional 13,798 shares during the last quarter. BlackRock Inc. raised its position in shares of HomeTrust Bancshares by 1.8% in the fourth quarter. BlackRock Inc. now owns 954,957 shares of the financial services provider’s stock valued at $24,591,000 after buying an additional 16,586 shares during the last quarter. Impax Asset Management LLC raised its position in shares of HomeTrust Bancshares by 1.9% in the first quarter. Impax Asset Management LLC now owns 935,606 shares of the financial services provider’s stock valued at $24,373,000 after buying an additional 17,039 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of HomeTrust Bancshares by 8.9% in the third quarter. Dimensional Fund Advisors LP now owns 661,390 shares of the financial services provider’s stock valued at $16,965,000 after buying an additional 54,233 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of HomeTrust Bancshares by 2.9% in the fourth quarter. Renaissance Technologies LLC now owns 642,015 shares of the financial services provider’s stock valued at $16,532,000 after buying an additional 18,100 shares during the last quarter. Institutional investors and hedge funds own 60.60% of the company’s stock.

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 consist of savings, money market, and demand accounts, as well as certificates of deposit for individuals, businesses, and nonprofit organizations.

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