HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Declares $0.12 Quarterly Dividend

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) declared a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Investors of record on Thursday, February 13th will be paid a dividend of 0.12 per share by the financial services provider on Thursday, February 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Thursday, February 13th.

HomeTrust Bancshares has raised its dividend by an average of 10.9% per year over the last three years. HomeTrust Bancshares has a payout ratio of 15.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HomeTrust Bancshares to earn $2.84 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 16.9%.

HomeTrust Bancshares Stock Up 2.2 %

Shares of HomeTrust Bancshares stock traded up $0.80 during trading hours on Friday, reaching $36.72. The company’s stock had a trading volume of 52,965 shares, compared to its average volume of 35,913. The company has a market capitalization of $643.70 million, a P/E ratio of 11.62 and a beta of 0.86. The stock’s fifty day simple moving average is $35.31 and its two-hundred day simple moving average is $34.48. HomeTrust Bancshares has a one year low of $23.55 and a one year high of $38.99. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.11.

HomeTrust Bancshares (NASDAQ:HTBI) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. HomeTrust Bancshares had a return on equity of 10.41% and a net margin of 18.53%. On average, research analysts forecast that HomeTrust Bancshares will post 3.11 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on HTBI shares. Keefe, Bruyette & Woods lifted their price objective on shares of HomeTrust Bancshares from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Raymond James downgraded shares of HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th.

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.