HomeTrust Bancshares, Inc. (HTBI) Upgraded by TheStreet to “B-“

TheStreet upgraded shares of HomeTrust Bancshares, Inc. (NASDAQ:HTBI) from a c rating to a b- rating in a research report sent to investors on Friday morning.

A number of other analysts also recently issued reports on HTBI. BidaskClub downgraded HomeTrust Bancshares from a sell rating to a strong sell rating in a research note on Saturday, August 5th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $27.00 target price on shares of HomeTrust Bancshares in a research note on Tuesday, October 3rd.

Shares of HomeTrust Bancshares (HTBI) traded up $0.50 on Friday, hitting $26.50. The company’s stock had a trading volume of 24,900 shares, compared to its average volume of 42,963. HomeTrust Bancshares has a twelve month low of $21.40 and a twelve month high of $27.05. The firm has a market cap of $493.01, a P/E ratio of 26.26 and a beta of 0.35. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.68.

HomeTrust Bancshares (NASDAQ:HTBI) last issued its earnings results on Monday, October 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. HomeTrust Bancshares had a return on equity of 4.71% and a net margin of 11.28%. The business had revenue of $29.16 million during the quarter, compared to the consensus estimate of $30.00 million.

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Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of HomeTrust Bancshares in the 3rd quarter worth $106,000. Russell Investments Group Ltd. grew its holdings in shares of HomeTrust Bancshares by 160.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 8,275 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 5,096 shares during the period. American International Group Inc. grew its holdings in shares of HomeTrust Bancshares by 7.0% during the 1st quarter. American International Group Inc. now owns 10,178 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 663 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of HomeTrust Bancshares by 1.0% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,350 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 100 shares during the period. Finally, Alliancebernstein L.P. purchased a new position in shares of HomeTrust Bancshares during the 2nd quarter worth $288,000. 62.14% of the stock is owned by institutional investors and hedge funds.

About HomeTrust Bancshares

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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