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.

In related news, EVP Keith J. Houghton sold 4,000 shares of Hometrust Bancshares stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $24.70, for a total transaction of $98,800.00. Following the sale, the executive vice president now directly owns 8,743 shares in the company, valued at approximately $215,952.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.10% of the stock is owned by company insiders.

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.

Read More: Equity Income

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