Hometrust Bancshares (NASDAQ:HTBI) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of Hometrust Bancshares (NASDAQ:HTBI) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

HTBI has been the topic of a number of other reports. Compass Point set a $31.00 price objective on shares of Hometrust Bancshares and gave the company a buy rating in a research note on Friday, July 26th. TheStreet raised shares of Hometrust Bancshares from a c+ rating to a b- rating in a research note on Tuesday, July 30th.

Shares of NASDAQ:HTBI opened at $26.37 on Tuesday. Hometrust Bancshares has a 12 month low of $23.93 and a 12 month high of $28.79. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $482.02 million, a PE ratio of 17.76 and a beta of 0.36. The firm has a 50 day moving average of $26.10 and a 200-day moving average of $25.45.

Hometrust Bancshares (NASDAQ:HTBI) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.07. Hometrust Bancshares had a net margin of 16.95% and a return on equity of 6.81%. The company had revenue of $34.73 million for the quarter.

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

Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of Hometrust Bancshares by 13.8% in the 2nd quarter. Victory Capital Management Inc. now owns 77,700 shares of the financial services provider’s stock valued at $1,953,000 after purchasing an additional 9,429 shares during the last quarter. Private Capital Management LLC lifted its position in shares of Hometrust Bancshares by 2.9% during the 1st quarter. Private Capital Management LLC now owns 487,123 shares of the financial services provider’s stock valued at $12,275,000 after acquiring an additional 13,577 shares during the period. Acadian Asset Management LLC lifted its position in shares of Hometrust Bancshares by 58.9% during the 2nd quarter. Acadian Asset Management LLC now owns 85,562 shares of the financial services provider’s stock valued at $2,152,000 after acquiring an additional 31,719 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Hometrust Bancshares by 20.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 28,737 shares of the financial services provider’s stock valued at $721,000 after acquiring an additional 4,848 shares during the period. Finally, Nuveen Asset Management LLC acquired a new position in shares of Hometrust Bancshares during the 2nd quarter valued at $4,211,000. 60.94% of the stock is currently 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. Its deposit products include savings, money market, and demand accounts, as well as certificates of deposit for individuals, businesses, and nonprofit organizations.

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