Hometrust Bancshares (HTBI) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Hometrust Bancshares (NASDAQ:HTBI) from a sell rating to a hold rating in a research report report published on Thursday.

Separately, TheStreet upgraded Hometrust Bancshares from a c+ rating to a b+ rating in a research report on Wednesday, October 31st.

Shares of Hometrust Bancshares stock opened at $25.02 on Thursday. Hometrust Bancshares has a one year low of $24.00 and a one year high of $30.00. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.33 and a current ratio of 1.34. The stock has a market cap of $466.85 million, a P/E ratio of 16.79 and a beta of 0.41.

Hometrust Bancshares (NASDAQ:HTBI) last announced its earnings results on Monday, October 29th. The financial services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. Hometrust Bancshares had a return on equity of 6.93% and a net margin of 7.38%. The company had revenue of $31.89 million for the quarter, compared to analyst estimates of $31.64 million.

The company also recently declared a special dividend, which was paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st were issued a $0.06 dividend. The ex-dividend date was Tuesday, November 20th. Hometrust Bancshares’s payout ratio is currently 17.39%.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc boosted its holdings in Hometrust Bancshares by 0.6% in the third quarter. Vanguard Group Inc now owns 783,929 shares of the financial services provider’s stock worth $22,852,000 after acquiring an additional 4,749 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Hometrust Bancshares by 12.7% in the third quarter. Federated Investors Inc. PA now owns 75,570 shares of the financial services provider’s stock worth $2,203,000 after acquiring an additional 8,511 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Hometrust Bancshares by 0.6% in the third quarter. Vanguard Group Inc. now owns 783,929 shares of the financial services provider’s stock worth $22,852,000 after acquiring an additional 4,749 shares in the last quarter. Morgan Stanley boosted its holdings in Hometrust Bancshares by 138.1% in the third quarter. Morgan Stanley now owns 116,455 shares of the financial services provider’s stock worth $3,394,000 after acquiring an additional 67,546 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in Hometrust Bancshares by 2.2% in the third quarter. TIAA CREF Investment Management LLC now owns 89,571 shares of the financial services provider’s stock worth $2,611,000 after acquiring an additional 1,960 shares in the last quarter. Institutional investors and hedge funds own 62.33% of the company’s stock.

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. Its deposit products include savings, money market, and demand accounts, as well as certificates of deposit for individuals, businesses, and nonprofit organizations.

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