Zacks: Hometrust Bancshares Inc (NASDAQ:HTBI) Receives Average Rating of “Hold” from Brokerages

Shares of Hometrust Bancshares Inc (NASDAQ:HTBI) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Zacks has also assigned Hometrust Bancshares an industry rank of 173 out of 255 based on the ratings given to its competitors.

Several equities research analysts have recently weighed in on HTBI shares. Compass Point set a $31.00 target price on shares of Hometrust Bancshares and gave the stock a “buy” rating in a report on Friday, July 26th. TheStreet raised shares of Hometrust Bancshares from a “c+” rating to a “b-” rating in a report on Tuesday, July 30th. Finally, BidaskClub lowered shares of Hometrust Bancshares from a “buy” rating to a “hold” rating in a report on Friday.

HTBI opened at $25.97 on Wednesday. The firm’s 50-day simple moving average is $26.13 and its 200-day simple moving average is $25.47. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.31 and a current ratio of 1.29. Hometrust Bancshares has a twelve month low of $23.93 and a twelve month high of $28.79. The firm has a market cap of $469.34 million, a price-to-earnings ratio of 17.40 and a beta of 0.36.

Hometrust Bancshares (NASDAQ:HTBI) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.07. Hometrust Bancshares had a net margin of 16.95% and a return on equity of 6.79%. The business had revenue of $34.73 million for the quarter.

In other Hometrust Bancshares news, EVP Marty T. Caywood sold 2,067 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $27.00, for a total transaction of $55,809.00. Following the sale, the executive vice president now owns 7,417 shares of the company’s stock, valued at approximately $200,259. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marty T. Caywood sold 5,376 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $27.00, for a total transaction of $145,152.00. Following the sale, the executive vice president now directly owns 7,417 shares in the company, valued at approximately $200,259. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,550 shares of company stock worth $203,850. Insiders own 6.87% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Paradice Investment Management LLC grew its holdings in Hometrust Bancshares by 1.7% during the 3rd quarter. Paradice Investment Management LLC now owns 843,615 shares of the financial services provider’s stock worth $21,993,000 after acquiring an additional 13,759 shares during the last quarter. California Public Employees Retirement System grew its holdings in Hometrust Bancshares by 7.8% during the 3rd quarter. California Public Employees Retirement System now owns 21,801 shares of the financial services provider’s stock worth $568,000 after acquiring an additional 1,581 shares during the last quarter. Rhumbline Advisers grew its holdings in Hometrust Bancshares by 5.7% during the 3rd quarter. Rhumbline Advisers now owns 24,429 shares of the financial services provider’s stock worth $637,000 after acquiring an additional 1,309 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Hometrust Bancshares by 5.3% in the 3rd quarter. Moors & Cabot Inc. now owns 10,000 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 500 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Hometrust Bancshares by 9.0% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 138,872 shares of the financial services provider’s stock valued at $3,620,000 after purchasing an additional 11,472 shares during the last quarter. 60.84% of the stock is currently owned by hedge funds and other institutional investors.

Hometrust Bancshares Company Profile

HomeTrust Bancshares, Inc operates as the bank holding company for HomeTrust Bank that provides a range of retail and commercial banking products. Its deposit products include savings, money market, and demand accounts, as well as certificates of deposit for individuals, businesses, and nonprofit organizations.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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