Hometrust Bancshares Inc (NASDAQ:HTBI) Short Interest Down 16.4% in July
Hometrust Bancshares Inc (NASDAQ:HTBI) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 74,000 shares, a drop of 16.4% from the June 30th total of 88,500 shares. Based on an average trading volume of 36,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.4% of the company’s stock are short sold.
Shares of NASDAQ HTBI traded up $0.41 during midday trading on Tuesday, hitting $25.56. The company had a trading volume of 2,706 shares, compared to its average volume of 27,095. 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 twelve month low of $23.93 and a twelve month high of $30.00. The firm has a 50-day simple moving average of $25.13. The firm has a market cap of $464.09 million, a price-to-earnings ratio of 17.52 and a beta of 0.35.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Wednesday, August 21st.
A number of institutional investors and hedge funds have recently made changes to their positions in HTBI. Bank of Montreal Can acquired a new position in Hometrust Bancshares during the second quarter worth about $33,000. Macquarie Group Ltd. raised its position in Hometrust Bancshares by 1,133.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,628 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,496 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Hometrust Bancshares by 469.8% during the first 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 last quarter. Legal & General Group Plc raised its position in Hometrust Bancshares by 32.7% during the fourth quarter. Legal & General Group Plc now owns 3,487 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 859 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Hometrust Bancshares during the first quarter worth about $116,000. Institutional investors own 59.67% of the company’s stock.
Several analysts recently commented on HTBI shares. Compass Point set a $31.00 price objective on shares of Hometrust Bancshares and gave the company a “buy” rating in a research note on Friday, July 26th. BidaskClub upgraded shares of Hometrust Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, TheStreet upgraded shares of Hometrust Bancshares from a “c+” rating to a “b-” rating in a research note on Tuesday, July 30th.
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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