HomeTrust Bancshares (NYSE:HTB) Stock Rating Lowered by Zacks Research

HomeTrust Bancshares (NYSE:HTB) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on HTB. Weiss Ratings upgraded shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of HomeTrust Bancshares in a report on Wednesday, August 19th. Finally, Stephens upped their price objective on HomeTrust Bancshares from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

HomeTrust Bancshares Trading Down 0.7%

Shares of NYSE:HTB opened at $46.43 on Wednesday. The company’s 50-day moving average price is $49.07 and its two-hundred day moving average price is $46.24. HomeTrust Bancshares has a one year low of $38.30 and a one year high of $52.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.08. The stock has a market capitalization of $774.93 million, a PE ratio of 12.19 and a beta of 0.81.

HomeTrust Bancshares (NYSE:HTB) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.89 by $0.05. HomeTrust Bancshares had a return on equity of 10.88% and a net margin of 22.50%.The company had revenue of $54.54 million during the quarter, compared to the consensus estimate of $53.22 million. On average, equities analysts forecast that HomeTrust Bancshares will post 3.7 EPS for the current fiscal year.

Insider Activity at HomeTrust Bancshares

In related news, Director Laura C. Kendall sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $51.13, for a total transaction of $511,300.00. Following the sale, the director owned 24,229 shares of the company’s stock, valued at $1,238,828.77. This trade represents a 29.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 11.02% of the company’s stock.

Hedge Funds Weigh In On HomeTrust Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of HomeTrust Bancshares during the second quarter valued at about $28,000. California State Teachers Retirement System bought a new position in HomeTrust Bancshares in the 1st quarter valued at approximately $37,000. Susquehanna Fundamental Investments LLC boosted its position in HomeTrust Bancshares by 12.9% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 13,925 shares of the company’s stock worth $695,000 after buying an additional 1,589 shares during the period. CrossGen Wealth LLC bought a new stake in HomeTrust Bancshares during the 1st quarter worth approximately $91,000. Finally, Sterling Capital Management LLC acquired a new position in HomeTrust Bancshares in the 1st quarter valued at approximately $105,000. Institutional investors and hedge funds own 60.94% of the company’s stock.

About HomeTrust Bancshares

HomeTrust Bancshares, Inc is the bank holding company for HomeTrust Bank, a regional community bank that provides a range of commercial and consumer banking services. Through its subsidiary bank, the company offers traditional deposit and lending products, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lending, and business loans. HomeTrust also delivers treasury management and payment services for small and midsize businesses, along with digital banking tools to support day-to-day account access and payments.

The company’s product set extends beyond core banking to include wealth management and trust services, commercial real estate financing, and specialized lending for agriculture and construction where relevant to local markets.