Hovde Group Downgrades HomeTrust Bancshares (NYSE:HTB) to Hold

HomeTrust Bancshares (NYSE:HTBGet Free Report) was downgraded by equities research analysts at Hovde Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

HomeTrust Bancshares Price Performance

NYSE:HTB traded up $0.88 during trading hours on Monday, hitting $44.51. 39,196 shares of the stock traded hands, compared to its average volume of 56,899. The company has a market capitalization of $776.43 million, a P/E ratio of 12.30 and a beta of 0.88. HomeTrust Bancshares has a 1 year low of $30.95 and a 1 year high of $47.64.

About HomeTrust Bancshares

(Get Free Report)

HomeTrust Bancshares, Inc is the bank holding company for HomeTrust Bank, a regional community bank that provides a range of commercial and consumer banking services. Through its subsidiary bank, the company offers traditional deposit and lending products, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lending, and business loans. HomeTrust also delivers treasury management and payment services for small and midsize businesses, along with digital banking tools to support day-to-day account access and payments.

The company’s product set extends beyond core banking to include wealth management and trust services, commercial real estate financing, and specialized lending for agriculture and construction where relevant to local markets.

Featured Stories

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.