HomeTrust Bancshares, Inc. (HTBI) to Issue Quarterly Dividend of $0.11 on May 30th

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders 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 annualized dividend and a yield of 1.69%. The ex-dividend date is Wednesday, May 15th.

HomeTrust Bancshares has increased its dividend payment by an average of 12.2% annually over the last three years and has increased its dividend every year for the last 5 years. HomeTrust Bancshares has a dividend payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings.

HomeTrust Bancshares Price Performance

HTBI opened at $26.09 on Friday. 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. The company has a 50 day moving average of $25.55 and a two-hundred day moving average of $24.81. The company has a market cap of $455.01 million, a P/E ratio of 7.56 and a beta of 0.77.

HomeTrust Bancshares (NASDAQ:HTBI) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The business 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 20.87% and a return on equity of 12.22%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HTBI. StockNews.com downgraded shares of HomeTrust Bancshares from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James increased their price objective on shares of HomeTrust Bancshares from $30.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods raised 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 report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.00.

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.