Hometrust Bancshares (HTBI) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of Hometrust Bancshares (NASDAQ:HTBI) from a sell rating to a hold rating in a research note published on Sunday morning.

HTBI has been the topic of a number of other research reports. Keefe, Bruyette & Woods reissued a neutral rating on shares of Hometrust Bancshares in a research note on Friday, December 22nd. Sandler O’Neill set a $28.00 price objective on Hometrust Bancshares and gave the stock a hold rating in a research note on Thursday, January 4th. Finally, TheStreet raised Hometrust Bancshares from a c rating to a b- rating in a research note on Friday, November 17th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Hometrust Bancshares presently has a consensus rating of Hold and a consensus price target of $28.00.

Hometrust Bancshares (NASDAQ HTBI) opened at $25.65 on Friday. 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 company has a market capitalization of $486.38, a price-to-earnings ratio of -1,282.50 and a beta of 0.27. Hometrust Bancshares has a one year low of $21.40 and a one year high of $28.00.

Hometrust Bancshares (NASDAQ:HTBI) last posted its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.08. The company had revenue of $30.02 million for 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 institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC lifted its stake in shares of Hometrust Bancshares by 5.3% during the fourth quarter. Millennium Management LLC now owns 105,841 shares of the financial services provider’s stock valued at $2,725,000 after acquiring an additional 5,299 shares during the period. Goldman Sachs Group Inc. lifted its stake in Hometrust Bancshares by 99.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 17,763 shares of the financial services provider’s stock valued at $457,000 after buying an additional 8,870 shares during the period. Deutsche Bank AG lifted its stake in Hometrust Bancshares by 22.1% in the fourth quarter. Deutsche Bank AG now owns 65,749 shares of the financial services provider’s stock valued at $1,691,000 after buying an additional 11,890 shares during the period. Thrivent Financial For Lutherans lifted its stake in Hometrust Bancshares by 11.0% in the fourth quarter. Thrivent Financial For Lutherans now owns 163,649 shares of the financial services provider’s stock valued at $4,214,000 after buying an additional 16,260 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Hometrust Bancshares by 2.9% in the fourth quarter. Renaissance Technologies LLC now owns 642,015 shares of the financial services provider’s stock valued at $16,532,000 after buying an additional 18,100 shares during the period. 60.03% of the stock is currently owned by institutional investors and hedge funds.

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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.

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