HomeTrust Bancshares (NYSE:HTB) Raised to “Hold” at Raymond James Financial

HomeTrust Bancshares (NYSE:HTB) was upgraded by analysts at Raymond James Financial to a “hold” rating in a research note issued on Monday, Zacks reports.

Other analysts also recently issued reports about the stock. Weiss Ratings raised shares of HomeTrust Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 23rd. Zacks Research downgraded shares of HomeTrust Bancshares from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 26th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of HomeTrust Bancshares in a research report on Wednesday, August 19th. Finally, Stephens upped their price target on shares of HomeTrust Bancshares from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

HomeTrust Bancshares Stock Down 0.0%

HTB opened at $46.53 on Monday. The business has a 50 day moving average price of $47.85 and a 200 day moving average price of $46.98. HomeTrust Bancshares has a twelve month low of $38.30 and a twelve month high of $52.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.11. The firm has a market cap of $776.55 million, a P/E ratio of 12.21 and a beta of 0.81.

HomeTrust Bancshares (NYSE:HTB) last announced its earnings results on Thursday, July 23rd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. HomeTrust Bancshares had a return on equity of 10.88% and a net margin of 22.50%.The firm had revenue of $54.54 million during the quarter, compared to analysts’ expectations of $53.22 million. Research analysts forecast that HomeTrust Bancshares will post 3.65 EPS for the current year.

Insider Activity at HomeTrust Bancshares

In other news, Director Laura Kendall sold 10,000 shares of HomeTrust Bancshares stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $51.13, for a total transaction of $511,300.00. Following the sale, the director owned 24,229 shares of the company’s stock, valued at approximately $1,238,828.77. This trade represents a 29.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in HomeTrust Bancshares during the second quarter worth $28,000. California State Teachers Retirement System bought a new position in shares of HomeTrust Bancshares during the 1st quarter worth about $37,000. CrossGen Wealth LLC acquired a new stake in shares of HomeTrust Bancshares during the 1st quarter valued at about $91,000. Sterling Capital Management LLC bought a new stake in HomeTrust Bancshares in the first quarter valued at about $105,000. Finally, Legal & General Group Plc acquired a new position in HomeTrust Bancshares in the second quarter worth about $147,000. 60.94% of the stock is owned by institutional investors.

About HomeTrust Bancshares

HomeTrust Bancshares, Inc is the holding company for HomeTrust Bank, a community-focused financial institution headquartered in Asheville, North Carolina. Founded in 1926 as Asheville Savings Bank, the company adopted the HomeTrust name as it expanded beyond its original market and became a publicly traded company in 2012.

HomeTrust Bank provides a range of banking services for individuals, businesses and institutions. Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, commercial and industrial financing, and other deposit and credit products.