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

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Shareholders of record on Thursday, February 13th will be given a dividend of 0.12 per share by the financial services provider on Thursday, February 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, February 13th.

HomeTrust Bancshares has raised its dividend payment by an average of 10.9% per year over the last three years. HomeTrust Bancshares has a dividend payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HomeTrust Bancshares to earn $3.06 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 15.7%.

HomeTrust Bancshares Stock Up 0.5 %

NASDAQ:HTBI opened at $37.38 on Tuesday. The firm has a market cap of $655.27 million, a PE ratio of 11.68 and a beta of 0.86. The company has a 50-day moving average of $35.23 and a 200 day moving average of $34.86. HomeTrust Bancshares has a 1-year low of $23.55 and a 1-year high of $38.99. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.06.

HomeTrust Bancshares (NASDAQ:HTBI) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.08. HomeTrust Bancshares had a net margin of 18.57% and a return on equity of 10.43%. As a group, research analysts anticipate that HomeTrust Bancshares will post 2.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price objective on HomeTrust Bancshares from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Raymond James downgraded HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th.

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.