BidaskClub Lowers Hometrust Bancshares (NASDAQ:HTBI) to Strong Sell

BidaskClub downgraded shares of Hometrust Bancshares (NASDAQ:HTBI) from a sell rating to a strong sell rating in a research report sent to investors on Monday, BidAskClub reports.

Separately, TheStreet downgraded Hometrust Bancshares from a b rating to a c+ rating in a research report on Friday, May 31st.

Shares of NASDAQ HTBI opened at $24.50 on Monday. Hometrust Bancshares has a 52 week low of $23.93 and a 52 week high of $30.00. The business has a 50-day moving average of $24.91. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 1.67. The company has a market cap of $449.01 million, a P/E ratio of 17.95 and a beta of 0.37.

Hometrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.25). The business had revenue of $31.97 million for the quarter. Hometrust Bancshares had a net margin of 17.15% and a return on equity of 6.25%.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.98%.

In other news, EVP Keith J. Houghton sold 4,000 shares of Hometrust Bancshares stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $24.70, for a total transaction of $98,800.00. Following the completion of the sale, the executive vice president now owns 8,743 shares in the company, valued at approximately $215,952.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 7.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of HTBI. Morgan Stanley boosted its position in shares of Hometrust Bancshares by 138.1% during the 3rd quarter. Morgan Stanley now owns 116,455 shares of the financial services provider’s stock valued at $3,394,000 after acquiring an additional 67,546 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Hometrust Bancshares by 44.3% during the 4th quarter. Rhumbline Advisers now owns 23,977 shares of the financial services provider’s stock valued at $628,000 after acquiring an additional 7,358 shares during the last quarter. Virginia Retirement Systems ET AL bought a new stake in shares of Hometrust Bancshares during the 4th quarter valued at about $202,000. Prudential Financial Inc. lifted its position in Hometrust Bancshares by 7.0% in the 4th quarter. Prudential Financial Inc. now owns 14,816 shares of the financial services provider’s stock worth $388,000 after buying an additional 972 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Hometrust Bancshares by 16.1% in the 4th quarter. California Public Employees Retirement System now owns 30,128 shares of the financial services provider’s stock worth $789,000 after buying an additional 4,172 shares during the last quarter. Hedge funds and other institutional investors own 60.72% 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. Its deposit products include savings, money market, and demand accounts, as well as certificates of deposit for individuals, businesses, and nonprofit organizations.

Recommended Story: How Do You Calculate Return on Investment (ROI)?

Receive News & Ratings for Hometrust Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hometrust Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.