HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Announces $0.11 Quarterly Dividend

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Thursday, May 16th will be given a dividend of 0.11 per share by the financial services provider on Thursday, May 30th. This represents a $0.44 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Wednesday, May 15th.

HomeTrust Bancshares has raised its dividend payment by an average of 12.2% annually over the last three years and has increased its dividend every year for the last 5 years. HomeTrust Bancshares has a payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings.

HomeTrust Bancshares Price Performance

HomeTrust Bancshares stock opened at $26.22 on Thursday. The company’s 50 day simple moving average is $25.57 and its 200-day simple moving average is $24.81. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.15. HomeTrust Bancshares has a 1 year low of $18.02 and a 1 year high of $30.99. The company has a market capitalization of $457.28 million, a price-to-earnings ratio of 8.83 and a beta of 0.77.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $50.17 million for the quarter, compared to the consensus estimate of $48.66 million. HomeTrust Bancshares had a net margin of 18.77% and a return on equity of 11.41%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HTBI shares. StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Keefe, Bruyette & Woods upgraded shares of HomeTrust Bancshares from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Wednesday, February 21st. Finally, Raymond James increased their target price on shares of HomeTrust Bancshares from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $30.00.

HomeTrust Bancshares Company Profile

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.