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

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) announced a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Stockholders 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 of this dividend 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% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of HTBI opened at $36.72 on Friday. The company has a market capitalization of $643.70 million, a PE ratio of 11.62 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.06. HomeTrust Bancshares has a one year low of $23.55 and a one year high of $38.99. The company’s fifty day moving average price is $35.26 and its 200 day moving average price is $34.55.

HomeTrust Bancshares (NASDAQ:HTBI) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.75 by $0.08. HomeTrust Bancshares had a net margin of 18.53% and a return on equity of 10.41%. As a group, analysts expect that HomeTrust Bancshares will post 3.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HTBI has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price objective on HomeTrust Bancshares from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Raymond James lowered shares of HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th.

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.