Algert Global LLC acquired a new stake in shares of Hometrust Bancshares Inc (NASDAQ:HTBI) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 11,850 shares of the financial services provider’s stock, valued at approximately $305,000.
Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Hometrust Bancshares during the third quarter valued at $106,000. Alliancebernstein L.P. purchased a new position in Hometrust Bancshares during the second quarter valued at $288,000. Ameriprise Financial Inc. purchased a new position in Hometrust Bancshares during the second quarter valued at $291,000. The Manufacturers Life Insurance Company lifted its position in Hometrust Bancshares by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,051 shares of the financial services provider’s stock valued at $342,000 after buying an additional 488 shares during the period. Finally, Moors & Cabot Inc. purchased a new position in Hometrust Bancshares during the second quarter valued at $366,000. 60.43% of the stock is owned by institutional investors and hedge funds.
Hometrust Bancshares Inc (NASDAQ HTBI) opened at $25.25 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $490.30, a PE ratio of -841.67 and a beta of 0.27. Hometrust Bancshares Inc has a 52-week low of $21.40 and a 52-week high of $28.00.
Hometrust Bancshares (NASDAQ:HTBI) last posted its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.08. The firm had revenue of $30.02 million during the quarter, compared to analyst estimates of $29.59 million. Hometrust Bancshares had a positive return on equity of 5.64% and a negative net margin of 0.05%.
Several equities analysts have commented on HTBI shares. TheStreet raised Hometrust Bancshares from a “c” rating to a “b-” rating in a research report on Friday, November 17th. BidaskClub raised Hometrust Bancshares from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Sandler O’Neill set a $28.00 price target on Hometrust Bancshares and gave the stock a “hold” rating in a research report on Thursday, January 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Hometrust Bancshares in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Hometrust Bancshares presently has an average rating of “Hold” and an average price target of $28.00.
Hometrust Bancshares Company Profile
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.
Want to see what other hedge funds are holding HTBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hometrust Bancshares Inc (NASDAQ:HTBI).
Receive News & Ratings for Hometrust Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hometrust Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.