StockNews.com Upgrades HomeTrust Bancshares (NASDAQ:HTBI) to Buy

HomeTrust Bancshares (NASDAQ:HTBI) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

HomeTrust Bancshares Trading Down 1.0 %

Shares of HTBI opened at $27.76 on Friday. The company’s fifty day simple moving average is $27.16 and its 200-day simple moving average is $26.55. The company has a market cap of $484.13 million, a P/E ratio of 8.05 and a beta of 0.80. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. HomeTrust Bancshares has a twelve month low of $19.37 and a twelve month high of $30.99.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.18. HomeTrust Bancshares had a net margin of 20.87% and a return on equity of 11.86%. The company had revenue of $50.04 million for the quarter, compared to analyst estimates of $47.66 million.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HTBI. SG Americas Securities LLC increased its holdings in HomeTrust Bancshares by 23.0% during the 4th quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 1,390 shares during the period. Beese Fulmer Investment Management Inc. purchased a new stake in HomeTrust Bancshares in the fourth quarter worth about $208,000. Quadrature Capital Ltd bought a new position in HomeTrust Bancshares during the 1st quarter worth about $323,000. BNP Paribas Financial Markets increased its position in HomeTrust Bancshares by 21.8% during the 4th quarter. BNP Paribas Financial Markets now owns 15,463 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 2,764 shares during the period. Finally, Citigroup Inc. raised its holdings in shares of HomeTrust Bancshares by 96.1% in the 3rd quarter. Citigroup Inc. now owns 24,076 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 11,800 shares in the last quarter. Hedge funds and other institutional investors own 60.94% 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 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.