StockNews.com Downgrades HomeTrust Bancshares (NASDAQ:HTBI) to Hold

HomeTrust Bancshares (NASDAQ:HTBI) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other analysts have also issued reports on the stock. Raymond James increased their price target on shares of HomeTrust Bancshares from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods upgraded shares of HomeTrust Bancshares from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, HomeTrust Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

HomeTrust Bancshares Trading Down 2.7 %

Shares of HTBI stock opened at $28.10 on Wednesday. The stock has a market cap of $490.20 million, a P/E ratio of 8.14 and a beta of 0.78. HomeTrust Bancshares has a 1 year low of $19.37 and a 1 year high of $30.99. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The stock has a 50 day simple moving average of $26.23 and a 200 day simple moving average of $25.79.

HomeTrust Bancshares (NASDAQ:HTBI) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.18. The company had revenue of $50.04 million for the quarter, compared to analyst estimates of $47.66 million. HomeTrust Bancshares had a return on equity of 11.86% and a net margin of 20.87%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of HomeTrust Bancshares by 23.0% during the 4th quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 1,390 shares in the last quarter. Beese Fulmer Investment Management Inc. bought a new position in shares of HomeTrust Bancshares in the fourth quarter valued at approximately $208,000. Quadrature Capital Ltd bought a new position in HomeTrust Bancshares during the 1st quarter valued at $323,000. BNP Paribas Financial Markets boosted its holdings in HomeTrust Bancshares by 21.8% during the fourth quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 2,764 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of HomeTrust Bancshares by 96.1% in the 3rd quarter. Citigroup Inc. now owns 24,076 shares of the financial services provider’s stock worth $522,000 after buying an additional 11,800 shares during the last quarter. Institutional investors own 60.94% of the company’s stock.

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 and services. The company's deposit products include savings, money market, noninterest-bearing, and interest-bearing checking accounts, as well as certificates of deposit for individuals, business, and nonprofit organizations.