HomeTrust Bancshares (NASDAQ:HTBI) Rating Lowered to Hold at StockNews.com

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

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

HomeTrust Bancshares Stock Performance

Shares of HTBI stock opened at $26.09 on Friday. The firm has a market cap of $455.01 million, a price-to-earnings ratio of 8.78 and a beta of 0.77. The company’s 50 day moving average is $25.55 and its 200 day moving average is $24.81. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.95. HomeTrust Bancshares has a 52-week low of $18.02 and a 52-week high of $30.99.

HomeTrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. HomeTrust Bancshares had a net margin of 18.77% and a return on equity of 11.41%. The company had revenue of $50.17 million for the quarter, compared to analyst estimates of $48.66 million.

Institutional Investors Weigh In On HomeTrust Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of HomeTrust Bancshares during the third quarter worth $131,000. Beese Fulmer Investment Management Inc. acquired a new position in HomeTrust Bancshares during the fourth quarter valued at $208,000. BNP Paribas Financial Markets lifted its position 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 valued at $416,000 after purchasing an additional 2,764 shares during the period. Citigroup Inc. lifted its position in HomeTrust Bancshares by 96.1% during the third quarter. Citigroup Inc. now owns 24,076 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 11,800 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in HomeTrust Bancshares by 8.2% during the first quarter. Los Angeles Capital Management LLC now owns 42,438 shares of the financial services provider’s stock valued at $1,160,000 after purchasing an additional 3,210 shares during the period. 60.94% of the stock is currently owned by institutional investors and hedge funds.

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 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.