Hometrust Bancshares Inc (NASDAQ:HTBI) Short Interest Update

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Hometrust Bancshares Inc (NASDAQ:HTBI) saw a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 74,000 shares, a decrease of 16.4% from the July 15th total of 88,500 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 36,000 shares, the days-to-cover ratio is presently 2.1 days.

HTBI has been the subject of a number of analyst reports. TheStreet raised Hometrust Bancshares from a “c+” rating to a “b-” rating in a report on Tuesday, July 30th. Compass Point set a $31.00 price objective on Hometrust Bancshares and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, BidaskClub upgraded Hometrust Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd.

NASDAQ:HTBI traded down $0.33 during trading hours on Tuesday, hitting $24.62. 46,700 shares of the stock were exchanged, compared to its average volume of 43,761. Hometrust Bancshares has a 52-week low of $23.93 and a 52-week high of $30.00. The firm’s fifty day moving average price is $25.17 and its 200 day moving average price is $25.58. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 1.67. The company has a market cap of $450.66 million, a P/E ratio of 17.01 and a beta of 0.35.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.97%.

In related news, EVP Keith J. Houghton sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $24.70, for a total value of $98,800.00. Following the completion of the transaction, the executive vice president now owns 8,743 shares of the company’s stock, valued at approximately $215,952.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Hometrust Bancshares by 77.7% in the fourth quarter. Bank of America Corp DE now owns 11,481 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 5,019 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Hometrust Bancshares by 32.7% during the 4th quarter. Legal & General Group Plc now owns 3,487 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 859 shares during the period. Millennium Management LLC raised its position in shares of Hometrust Bancshares by 25.0% during the 4th quarter. Millennium Management LLC now owns 20,947 shares of the financial services provider’s stock worth $548,000 after purchasing an additional 4,187 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Hometrust Bancshares by 469.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,550 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 2,927 shares during the period. Finally, Moors & Cabot Inc. grew its stake in shares of Hometrust Bancshares by 100.0% during the 1st quarter. Moors & Cabot Inc. now owns 20,000 shares of the financial services provider’s stock valued at $504,000 after buying an additional 10,000 shares during the period. Institutional investors and hedge funds own 59.89% 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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