HomeTrust Bancshares (NYSE:HTB) Lowered to Hold Rating by Zacks Research

HomeTrust Bancshares (NYSE:HTB) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other research analysts also recently issued reports on HTB. Stephens boosted their price target on shares of HomeTrust Bancshares from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Weiss Ratings upgraded shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of HomeTrust Bancshares in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

HomeTrust Bancshares Price Performance

Shares of HTB opened at $46.43 on Wednesday. The business has a 50-day moving average of $49.07 and a 200-day moving average of $46.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.08. The company has a market capitalization of $774.93 million, a price-to-earnings ratio of 12.19 and a beta of 0.81. HomeTrust Bancshares has a 1 year low of $38.30 and a 1 year high of $52.50.

HomeTrust Bancshares (NYSE:HTB) last announced its earnings results on Thursday, July 23rd. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.89 by $0.05. The business had revenue of $54.54 million for the quarter, compared to analysts’ expectations of $53.22 million. HomeTrust Bancshares had a return on equity of 10.88% and a net margin of 22.50%. As a group, equities research analysts anticipate that HomeTrust Bancshares will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In other HomeTrust Bancshares news, Director Laura C. Kendall sold 10,000 shares of HomeTrust Bancshares stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $51.13, for a total value of $511,300.00. Following the completion of the sale, the director directly owned 24,229 shares in the company, valued at approximately $1,238,828.77. The trade was a 29.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.02% of the company’s stock.

Hedge Funds Weigh In On HomeTrust Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of HTB. Hsbc Holdings PLC acquired a new stake in shares of HomeTrust Bancshares during the 4th quarter worth approximately $389,000. Flywheel Private Wealth LLC bought a new stake in shares of HomeTrust Bancshares in the 1st quarter valued at $938,000. Sterling Capital Management LLC acquired a new position in shares of HomeTrust Bancshares during the 1st quarter valued at $105,000. CrossGen Wealth LLC acquired a new position in shares of HomeTrust Bancshares during the 1st quarter valued at $91,000. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new position in shares of HomeTrust Bancshares during the 1st quarter valued at $2,135,000. 60.94% of the stock is currently owned by institutional investors.

About HomeTrust Bancshares

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.