Raymond James Downgrades HomeTrust Bancshares (NASDAQ:HTBI) to Market Perform

HomeTrust Bancshares (NASDAQ:HTBI) was downgraded by equities researchers at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued on Monday, Briefing.com reports.

A number of other brokerages have also recently issued reports on HTBI. Keefe, Bruyette & Woods raised their price objective on shares of HomeTrust Bancshares from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. StockNews.com raised HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Finally, Hovde Group began coverage on HomeTrust Bancshares in a research note on Wednesday, July 31st. They set an “outperform” rating and a $42.00 price objective for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.50.

HomeTrust Bancshares Trading Down 1.5 %

HTBI stock opened at $33.05 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.72. HomeTrust Bancshares has a twelve month low of $19.94 and a twelve month high of $36.79. The company has a market cap of $578.38 million, a P/E ratio of 10.08 and a beta of 0.81. The business has a fifty day moving average of $34.35 and a 200-day moving average of $31.00.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.04). The firm had revenue of $74.93 million during the quarter, compared to analyst estimates of $50.13 million. HomeTrust Bancshares had a return on equity of 11.04% and a net margin of 19.42%. As a group, equities research analysts expect that HomeTrust Bancshares will post 3.18 EPS for the current year.

Institutional Trading of HomeTrust Bancshares

Several hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new stake in shares of HomeTrust Bancshares in the second quarter worth about $201,000. Creative Planning bought a new position in shares of HomeTrust Bancshares during the 3rd quarter valued at about $266,000. Quadrature Capital Ltd acquired a new position in shares of HomeTrust Bancshares in the 1st quarter valued at approximately $323,000. SG Americas Securities LLC bought a new stake in HomeTrust Bancshares during the 3rd quarter worth approximately $326,000. Finally, Huber Capital Management LLC raised its holdings in HomeTrust Bancshares by 9.1% during the 2nd quarter. Huber Capital Management LLC now owns 17,742 shares of the financial services provider’s stock worth $533,000 after buying an additional 1,487 shares during the period. Institutional investors and hedge funds 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.