Hometrust Bancshares (HTBI) Cut to “Strong Sell” at BidaskClub

BidaskClub cut shares of Hometrust Bancshares (NASDAQ:HTBI) from a sell rating to a strong sell rating in a research note released on Wednesday morning.

Other equities research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods reissued a neutral rating on shares of Hometrust Bancshares in a research report on Friday, December 22nd. Sandler O’Neill set a $28.00 target price on shares of Hometrust Bancshares and gave the stock a hold rating in a research report on Thursday, January 4th. Finally, TheStreet raised shares of Hometrust Bancshares from a c rating to a b- rating in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $28.00.

Shares of Hometrust Bancshares (NASDAQ HTBI) opened at $26.00 on Wednesday. The company has a market cap of $493.01, a PE ratio of 35.62 and a beta of 0.35. Hometrust Bancshares has a twelve month low of $21.40 and a twelve month high of $28.00. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.68.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of Hometrust Bancshares in the third quarter worth approximately $106,000. Russell Investments Group Ltd. boosted its position in shares of Hometrust Bancshares by 160.3% in the second quarter. Russell Investments Group Ltd. now owns 8,275 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 5,096 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Hometrust Bancshares by 1.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,350 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 100 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Hometrust Bancshares in the second quarter worth approximately $288,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Hometrust Bancshares in the second quarter worth approximately $291,000. 60.47% of the stock is currently owned by institutional investors and hedge funds.

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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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