StockNews.com Initiates Coverage on HomeTrust Bancshares (NASDAQ:HTBI)

Research analysts at StockNews.com assumed coverage on shares of HomeTrust Bancshares (NASDAQ:HTBI) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

HomeTrust Bancshares Stock Performance

Shares of NASDAQ:HTBI opened at $36.53 on Monday. The business’s 50-day simple moving average is $36.74 and its 200 day simple moving average is $35.61. The company has a market cap of $640.28 million, a P/E ratio of 11.41 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.11. HomeTrust Bancshares has a one year low of $23.79 and a one year high of $38.99.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.08. HomeTrust Bancshares had a net margin of 18.57% and a return on equity of 10.43%. On average, sell-side analysts forecast that HomeTrust Bancshares will post 3.02 earnings per share for the current fiscal year.

Institutional Trading of HomeTrust Bancshares

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in HomeTrust Bancshares by 4,400.0% during the 1st quarter. GAMMA Investing LLC now owns 2,160 shares of the financial services provider’s stock worth $790,000 after acquiring an additional 2,112 shares in the last quarter. Wellington Management Group LLP grew its position in shares of HomeTrust Bancshares by 3.8% during the 4th quarter. Wellington Management Group LLP now owns 372,727 shares of the financial services provider’s stock valued at $12,553,000 after buying an additional 13,589 shares during the last quarter. Two Sigma Advisers LP raised its stake in HomeTrust Bancshares by 16.3% during the fourth quarter. Two Sigma Advisers LP now owns 37,900 shares of the financial services provider’s stock worth $1,276,000 after acquiring an additional 5,300 shares during the period. Two Sigma Investments LP lifted its holdings in HomeTrust Bancshares by 10.1% in the fourth quarter. Two Sigma Investments LP now owns 35,140 shares of the financial services provider’s stock worth $1,184,000 after acquiring an additional 3,210 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in HomeTrust Bancshares by 13.9% in the fourth quarter. Nuveen Asset Management LLC now owns 58,976 shares of the financial services provider’s stock valued at $1,986,000 after acquiring an additional 7,200 shares during the period. Institutional investors and hedge funds own 60.94% 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 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.