Hometrust Bancshares (NASDAQ:HTBI) Cut to “Sell” at BidaskClub

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

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

Shares of HTBI opened at $25.05 on Thursday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.32 and a quick ratio of 1.31. Hometrust Bancshares has a one year low of $23.93 and a one 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. The stock’s 50 day moving average price is $24.82.

Hometrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.16 EPS 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 firm had revenue of $31.97 million for the quarter.

In related news, EVP Keith J. Houghton sold 4,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 8,743 shares in the company, valued at $215,952.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. increased its position in shares of Hometrust Bancshares by 21.3% during the second quarter. Bessemer Group Inc. now owns 48,500 shares of the financial services provider’s stock worth $1,219,000 after purchasing an additional 8,500 shares in the last quarter. Marshall Wace LLP purchased a new stake in Hometrust Bancshares in the 1st quarter valued at $116,000. Private Capital Management LLC grew its holdings in Hometrust Bancshares by 2.9% in 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 buying an additional 13,577 shares in the last quarter. Kennedy Capital Management Inc. grew its holdings in Hometrust Bancshares by 13.0% in the 1st quarter. Kennedy Capital Management Inc. now owns 176,514 shares of the financial services provider’s stock valued at $4,448,000 after buying an additional 20,288 shares in the last quarter. Finally, AJO LP grew its holdings in Hometrust Bancshares by 42.3% in the 1st quarter. AJO LP now owns 99,914 shares of the financial services provider’s stock valued at $2,518,000 after buying an additional 29,723 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

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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