Hometrust Bancshares (NASDAQ:HTBI) Downgraded by BidaskClub to “Sell”

BidaskClub downgraded shares of Hometrust Bancshares (NASDAQ:HTBI) from a hold rating to a sell rating in a report issued on Thursday, BidAskClub reports.

Separately, TheStreet cut Weibo from a b- rating to a c+ rating in a research report on Friday, May 31st.

HTBI stock opened at $25.05 on Thursday. The stock has a fifty day simple moving average of $24.82. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.31 and a current ratio of 1.32. Hometrust Bancshares has a 1-year low of $23.93 and a 1-year high of $30.00. The stock has a market capitalization of $460.77 million, a PE ratio of 18.42 and a beta of 0.36.

Hometrust Bancshares (NASDAQ:HTBI) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.25). Hometrust Bancshares had a return on equity of 6.25% and a net margin of 17.15%. The business had revenue of $31.97 million during the quarter.

In other news, EVP Keith J. Houghton sold 4,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $24.70, for a total transaction of $98,800.00. Following the transaction, the executive vice president now owns 8,743 shares of the company’s stock, valued at approximately $215,952.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.10% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. increased its position in shares of Hometrust Bancshares by 7.0% during the 4th quarter. Prudential Financial Inc. now owns 14,816 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 972 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Hometrust Bancshares by 23.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 16,744 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 3,194 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Hometrust Bancshares by 20.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 65,521 shares of the financial services provider’s stock valued at $1,651,000 after purchasing an additional 11,051 shares during the last quarter. Private Capital Management LLC increased its position in shares of Hometrust Bancshares by 2.9% during the 1st quarter. Private Capital Management LLC now owns 487,123 shares of the financial services provider’s stock valued at $12,275,000 after purchasing an additional 13,577 shares during the last quarter. Finally, Aldebaran Financial Inc. increased its position in shares of Hometrust Bancshares by 8.2% during the 1st quarter. Aldebaran Financial Inc. now owns 13,010 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 990 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

About Hometrust Bancshares

HomeTrust Bancshares, Inc operates as the bank holding company for HomeTrust Bank that provides a range of retail and commercial banking products. Its deposit products include savings, money market, and demand accounts, as well as certificates of deposit for individuals, businesses, and nonprofit organizations.

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