HomeTrust Bancshares (NASDAQ:HTBI) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

HomeTrust Bancshares (NASDAQ:HTBI) posted its earnings results on Thursday. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.04), Zacks reports. The company 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%.

HomeTrust Bancshares Price Performance

NASDAQ:HTBI opened at $33.05 on Friday. The business has a 50 day simple moving average of $34.35 and a 200-day simple moving average of $30.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.14 and a quick ratio of 1.08. The firm has a market capitalization of $578.38 million, a price-to-earnings ratio of 10.08 and a beta of 0.81. HomeTrust Bancshares has a 1 year low of $19.94 and a 1 year high of $36.79.

HomeTrust Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from HomeTrust Bancshares’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.45%. HomeTrust Bancshares’s dividend payout ratio is 13.41%.

Analysts Set New Price Targets

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

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.