HomeTrust Bancshares (NASDAQ:HTBI) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

HomeTrust Bancshares Stock Performance

Shares of NASDAQ HTBI opened at $36.53 on Wednesday. The stock’s 50-day moving average is $36.53 and its 200 day moving average is $35.90. The stock has a market cap of $640.28 million, a price-to-earnings ratio of 11.41 and a beta of 0.86. HomeTrust Bancshares has a 1-year low of $26.00 and a 1-year high of $38.99. The company has a current ratio of 1.11, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50.

Institutional Trading of HomeTrust Bancshares

Several hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of HomeTrust Bancshares by 44.0% in the first quarter. CWM LLC now owns 1,316 shares of the financial services provider’s stock worth $45,000 after buying an additional 402 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in HomeTrust Bancshares during the 1st quarter valued at about $423,000. Salzhauer Michael boosted its holdings in HomeTrust Bancshares by 11.8% during the 1st quarter. Salzhauer Michael now owns 45,765 shares of the financial services provider’s stock valued at $1,569,000 after acquiring an additional 4,815 shares during the period. SG Americas Securities LLC boosted its holdings in HomeTrust Bancshares by 80.1% during the 1st quarter. SG Americas Securities LLC now owns 12,388 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 5,508 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in HomeTrust Bancshares by 4,400.0% during the 1st quarter. GAMMA Investing LLC now owns 2,160 shares of the financial services provider’s stock valued at $790,000 after acquiring an additional 2,112 shares during the period. 60.94% of the stock is 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 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.