HomeTrust Bancshares (NYSE:HTB) Stock Rating Raised to "Hold" at Raymond James Financial

Key Points

• Raymond James upgraded HomeTrust Bancshares to “Hold”, while analysts’ overall consensus remains “Moderate Buy” with a $52.00 target price.
• HomeTrust reported quarterly EPS of $0.94, beating estimates of $0.89, and revenue of $54.54 million, above the $53.22 million consensus forecast.
• HTB shares opened at $46.53, with a market capitalization of approximately $776.6 million; institutional investors own 60.94% of the stock, while an insider recently sold 10,000 shares.

HomeTrust Bancshares (NYSE:HTB - Get Free Report) was upgraded by equities researchers at Raymond James Financial to a "hold" rating in a research report issued on Monday, Zacks reports.

Several other equities research analysts have also commented on HTB. Stephens increased their price objective on shares of HomeTrust Bancshares from $55.00 to $57.00 and gave the company an "overweight" rating in a research note on Friday, August 21st. Keefe, Bruyette & Woods reiterated an "outperform" rating on shares of HomeTrust Bancshares in a research report on Wednesday, August 19th. Zacks Research downgraded shares of HomeTrust Bancshares from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 26th. Finally, Weiss Ratings upgraded shares of HomeTrust Bancshares from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

HomeTrust Bancshares Price Performance

Shares of NYSE HTB opened at $46.53 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $47.85 and a 200 day simple moving average 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 market capitalization of $776.55 million, a PE ratio of 12.21 and a beta of 0.81.

HomeTrust Bancshares (NYSE:HTB - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.05. HomeTrust Bancshares had a net margin of 22.50% and a return on equity of 10.88%. The company had revenue of $54.54 million during the quarter, compared to analyst estimates of $53.22 million. On average, sell-side analysts forecast that HomeTrust Bancshares will post 3.65 EPS for the current year.

Insiders Place Their Bets

In other news, Director Laura Kendall sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $51.13, for a total value of $511,300.00. Following the transaction, the director owned 24,229 shares in the company, valued at $1,238,828.77. This represents a 29.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.02% of the stock is currently owned by company insiders.

Institutional Trading of HomeTrust Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new stake in shares of HomeTrust Bancshares in the 2nd quarter valued at approximately $3,647,000. Mendon Capital Advisors Corp bought a new position in shares of HomeTrust Bancshares during the 1st quarter valued at approximately $1,998,000. Bank of America Corp DE purchased a new stake in HomeTrust Bancshares during the 1st quarter valued at $1,125,000. Gamco Investors INC. ET AL purchased a new stake in HomeTrust Bancshares during the 1st quarter valued at $866,000. Finally, First Trust Advisors LP bought a new stake in HomeTrust Bancshares in the first quarter worth $1,821,000. 60.94% of the stock is currently owned by institutional investors.

HomeTrust Bancshares Company Profile

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.

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