HomeTrust Bancshares (NASDAQ:HTBI) Announces Quarterly Earnings Results

HomeTrust Bancshares (NASDAQ:HTBI) released its quarterly earnings data on Thursday. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.04), Zacks reports. The business had revenue of $74.93 million during the quarter, compared to analyst estimates of $50.13 million. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.04%.

HomeTrust Bancshares Trading Down 1.5 %

Shares of HomeTrust Bancshares stock opened at $33.05 on Friday. HomeTrust Bancshares has a 52-week low of $19.94 and a 52-week high of $36.79. The stock has a market cap of $578.38 million, a PE ratio of 10.08 and a beta of 0.81. The firm has a 50-day moving average of $34.35 and a 200-day moving average of $31.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.08 and a current ratio of 1.14.

HomeTrust Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.45%. This is an increase from HomeTrust Bancshares’s previous quarterly dividend of $0.11. HomeTrust Bancshares’s dividend payout ratio (DPR) is currently 13.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HTBI shares. StockNews.com raised HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods increased their price objective on shares of 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 initiated coverage on shares of HomeTrust Bancshares in a report on Wednesday, July 31st. They set an “outperform” rating and a $42.00 target price for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average 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.