HomeTrust Bancshares (NASDAQ:HTBI) Posts Earnings Results, Meets Expectations

HomeTrust Bancshares (NASDAQ:HTBI) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.73, Zacks reports. The company had revenue of $73.53 million during the quarter, compared to analyst estimates of $48.06 million. HomeTrust Bancshares had a net margin of 20.87% and a return on equity of 11.86%.

HomeTrust Bancshares Price Performance

HTBI stock traded up $0.28 on Thursday, hitting $34.17. 65,381 shares of the company’s stock traded hands, compared to its average volume of 36,718. HomeTrust Bancshares has a 1-year low of $19.37 and a 1-year high of $35.77. The stock has a market cap of $595.92 million, a price-to-earnings ratio of 9.90 and a beta of 0.82. The stock has a fifty day moving average of $29.45 and a 200-day moving average of $27.31. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59.

HomeTrust Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.29%. The ex-dividend date is Thursday, August 15th. HomeTrust Bancshares’s dividend payout ratio is presently 12.75%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus 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.