HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Announces Quarterly Dividend of $0.11

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) announced a quarterly dividend on Wednesday, July 24th, Wall Street Journal reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.11 per share by the financial services provider on Thursday, August 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, August 15th.

HomeTrust Bancshares has increased its dividend payment by an average of 12.2% annually over the last three years. HomeTrust Bancshares has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings.

HomeTrust Bancshares Trading Up 0.8 %

NASDAQ HTBI opened at $34.17 on Friday. HomeTrust Bancshares has a 52 week low of $19.37 and a 52 week high of $35.77. The company has a 50 day moving average price of $29.57 and a 200 day moving average price of $27.35. The company has a quick ratio of 1.06, a current ratio of 1.12 and a debt-to-equity ratio of 0.59. The firm has a market cap of $595.92 million, a PE ratio of 9.90 and a beta of 0.82.

HomeTrust Bancshares (NASDAQ:HTBI) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.73. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.18%. The business had revenue of $73.53 million for the quarter, compared to analyst estimates of $48.06 million.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price 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.