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

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) announced a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Investors 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 annualized dividend 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% annually over the last three years. HomeTrust Bancshares has a payout ratio of 15.7% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NASDAQ:HTBI traded up $0.80 during trading on Friday, hitting $36.72. 52,965 shares of the company were exchanged, compared to its average volume of 35,913. The company has a market capitalization of $643.70 million, a P/E ratio of 11.62 and a beta of 0.86. HomeTrust Bancshares has a 1-year low of $23.55 and a 1-year high of $38.99. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $35.31 and its 200-day moving average is $34.48.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.83 EPS for the quarter, topping 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%. Equities analysts forecast that HomeTrust Bancshares will post 3.11 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HTBI. Raymond James cut HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods boosted their price target on shares of HomeTrust Bancshares from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th.

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.