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

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Thursday, May 16th will be paid 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 dividend yield of 1.68%. The ex-dividend date is Wednesday, May 15th.

HomeTrust Bancshares has raised its dividend by an average of 12.2% per year over the last three years and has raised its dividend every year for the last 5 years. HomeTrust Bancshares has a payout ratio of 15.2% meaning its dividend is sufficiently covered by earnings.

HomeTrust Bancshares Trading Up 3.9 %

Shares of HomeTrust Bancshares stock traded up $0.98 during trading on Thursday, reaching $26.22. 40,622 shares of the company were exchanged, compared to its average volume of 28,898. HomeTrust Bancshares has a twelve month low of $18.02 and a twelve month high of $30.99. The business has a 50-day moving average price of $25.57 and a 200-day moving average price of $24.81. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $457.28 million, a price-to-earnings ratio of 8.83 and a beta of 0.77.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $50.17 million during the quarter, compared to analyst estimates of $48.66 million. HomeTrust Bancshares had a return on equity of 11.41% and a net margin of 18.77%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Raymond James upped their price objective on shares of HomeTrust Bancshares from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods upgraded HomeTrust Bancshares from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Wednesday, February 21st. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, HomeTrust Bancshares currently has an average rating of “Buy” and an average price target of $30.00.

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.