HomeTrust Bancshares, Inc. (NASDAQ:HTBI) to Issue Quarterly Dividend of $0.11

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) announced a quarterly dividend on Wednesday, July 24th, Wall Street Journal reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.11 per share by the financial services provider on Thursday, August 29th. This represents a $0.44 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 15th.

HomeTrust Bancshares has increased its dividend by an average of 12.2% per year over the last three years. HomeTrust Bancshares has a dividend payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings.

HomeTrust Bancshares Price Performance

Shares of NASDAQ HTBI opened at $32.62 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $30.96 and a two-hundred day simple moving average of $27.98. HomeTrust Bancshares has a 1-year low of $19.37 and a 1-year high of $36.39. The firm has a market cap of $569.06 million, a price-to-earnings ratio of 9.46 and a beta of 0.82.

HomeTrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.73 EPS for the quarter, meeting analysts’ consensus estimates of $0.73. HomeTrust Bancshares had a return on equity of 11.18% and a net margin of 19.42%. The firm had revenue of $73.53 million for the quarter, compared to analysts’ expectations of $48.06 million.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods upped their price target on HomeTrust Bancshares from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Hovde Group started coverage on shares of HomeTrust Bancshares in a report on Wednesday, July 31st. They issued an “outperform” rating and a $42.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $34.50.

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.