StockNews.com Downgrades HomeTrust Bancshares (NASDAQ:HTBI) to Hold

HomeTrust Bancshares (NASDAQ:HTBI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other equities research analysts also recently weighed in on HTBI. Keefe, Bruyette & Woods upgraded HomeTrust Bancshares from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Wednesday, February 21st. Raymond James raised their price target on HomeTrust Bancshares from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

HomeTrust Bancshares Trading Down 0.5 %

Shares of HTBI stock opened at $26.09 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.15. HomeTrust Bancshares has a 52-week low of $18.02 and a 52-week high of $30.99. The company has a market capitalization of $455.01 million, a PE ratio of 8.78 and a beta of 0.77. The business’s fifty day moving average is $25.55 and its 200 day moving average is $24.81.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. HomeTrust Bancshares had a return on equity of 11.41% and a net margin of 18.77%. The business had revenue of $50.17 million for the quarter, compared to the consensus estimate of $48.66 million.

Institutional Trading of HomeTrust Bancshares

Several large investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in shares of HomeTrust Bancshares by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 90,932 shares of the financial services provider’s stock worth $1,970,000 after purchasing an additional 1,014 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of HomeTrust Bancshares by 23.0% in the fourth quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 1,390 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of HomeTrust Bancshares by 21.8% in the fourth quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 2,764 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of HomeTrust Bancshares by 8.2% in the first quarter. Los Angeles Capital Management LLC now owns 42,438 shares of the financial services provider’s stock worth $1,160,000 after purchasing an additional 3,210 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its stake in shares of HomeTrust Bancshares by 7.2% in the third quarter. Panagora Asset Management Inc. now owns 96,758 shares of the financial services provider’s stock worth $2,097,000 after purchasing an additional 6,507 shares during the last quarter. 60.94% of the stock is owned by institutional investors.

About HomeTrust Bancshares

HomeTrust Bancshares, Inc operates as the bank holding company for HomeTrust Bank that provides a range of retail and commercial banking products and services. The company's deposit products include savings, money market, noninterest-bearing, and interest-bearing checking accounts, as well as certificates of deposit for individuals, business, and nonprofit organizations.