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.
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.
See Also: What is the balance sheet?
Receive News & Ratings for Hometrust Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hometrust Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.