HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Increases Dividend to $0.12 Per Share

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) announced a quarterly dividend on Friday, October 25th, Wall Street Journal reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.12 per share by the financial services provider on Wednesday, November 27th. This represents a $0.48 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from HomeTrust Bancshares’s previous quarterly dividend of $0.11.

HomeTrust Bancshares has raised its dividend payment by an average of 12.2% annually over the last three years. HomeTrust Bancshares has a dividend payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect HomeTrust Bancshares to earn $2.96 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 14.9%.

HomeTrust Bancshares Stock Down 2.1 %

Shares of HomeTrust Bancshares stock traded down $0.69 during midday trading on Friday, hitting $32.85. The company’s stock had a trading volume of 20,454 shares, compared to its average volume of 38,723. The firm has a market capitalization of $573.07 million, a P/E ratio of 9.55 and a beta of 0.81. HomeTrust Bancshares has a 1-year low of $19.94 and a 1-year high of $36.79. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.72. The stock has a 50-day simple moving average of $34.36 and a 200-day simple moving average of $30.91.

HomeTrust Bancshares (NASDAQ:HTBI) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.04). The business had revenue of $74.93 million for the quarter, compared to analysts’ expectations of $50.13 million. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.04%. As a group, sell-side analysts expect that HomeTrust Bancshares will post 3.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on HTBI. Hovde Group started coverage on shares of HomeTrust Bancshares in a research note on Wednesday, July 31st. They set an “outperform” rating and a $42.00 target price for the company. Keefe, Bruyette & Woods boosted their target price on HomeTrust Bancshares from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, StockNews.com raised HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $34.50.

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.