HomeTrust Bancshares’ (HTBI) “Hold” Rating Reaffirmed at Keefe, Bruyette & Woods
HomeTrust Bancshares, Inc. (NASDAQ:HTBI)‘s stock had its “hold” rating restated by Keefe, Bruyette & Woods in a research report issued to clients and investors on Tuesday. They presently have a $27.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 2.08% from the stock’s current price.
Separately, BidaskClub lowered shares of HomeTrust Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th.
HomeTrust Bancshares (NASDAQ:HTBI) traded up 0.95% during mid-day trading on Tuesday, hitting $26.45. 29,903 shares of the stock traded hands. HomeTrust Bancshares has a 12 month low of $18.00 and a 12 month high of $27.05. The stock has a market cap of $496.78 million, a P/E ratio of 40.51 and a beta of 0.33. The stock has a 50-day moving average price of $23.98 and a 200-day moving average price of $24.16.
HomeTrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $28.63 million for the quarter, compared to analyst estimates of $29.53 million. HomeTrust Bancshares had a return on equity of 4.50% and a net margin of 10.31%. On average, equities analysts forecast that HomeTrust Bancshares will post $1.23 earnings per share for the current year.
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A number of institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its position in HomeTrust Bancshares by 160.3% in the second quarter. Russell Investments Group Ltd. now owns 8,275 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 5,096 shares during the period. American International Group Inc. lifted its stake in HomeTrust Bancshares by 7.0% during the first quarter. American International Group Inc. now owns 10,178 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 663 shares in the last quarter. Salzhauer Michael acquired a new position in HomeTrust Bancshares during the second quarter worth $244,000. Los Angeles Capital Management & Equity Research Inc. lifted its stake in HomeTrust Bancshares by 1.0% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,350 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 100 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in HomeTrust Bancshares during the second quarter worth $288,000. Hedge funds and other institutional investors own 59.78% of the company’s stock.
About HomeTrust Bancshares
HomeTrust Bancshares, Inc is a bank holding company of HomeTrust Bank (the Bank). The Bank’s principal business consists of attracting deposits from the public and investing those funds, along with borrowed funds, in loans secured primarily by first and second mortgages on one- to four-family residences, including home equity loans, construction and land/lot loans, commercial real estate loans, construction and development loans, commercial and industrial loans, indirect automobile, and municipal leases.
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