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

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors 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 increased its dividend payment by an average of 12.2% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. HomeTrust Bancshares has a payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings.

HomeTrust Bancshares Stock Performance

NASDAQ:HTBI traded up $0.98 during trading hours on Thursday, reaching $26.22. 40,622 shares of the stock were exchanged, compared to its average volume of 28,898. The stock has a market capitalization of $457.28 million, a P/E ratio of 8.83 and a beta of 0.77. The firm has a 50 day simple moving average of $25.57 and a 200-day simple moving average of $24.81. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.95. HomeTrust Bancshares has a 52 week low of $18.02 and a 52 week high of $30.99.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $50.17 million during 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 Analysts Forecast Growth

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

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.