HomeTrust Bancshares, Inc. (HTBI) to Issue Quarterly Dividend of $0.12 on February 27th

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders 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 1.28%. The ex-dividend date 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 15.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NASDAQ HTBI opened at $37.38 on Tuesday. The stock has a market capitalization of $655.27 million, a PE ratio of 11.68 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.06. The business has a fifty day moving average price of $35.23 and a two-hundred day moving average price of $34.86. HomeTrust Bancshares has a fifty-two week low of $23.55 and a fifty-two week high of $38.99.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on HTBI shares. Raymond James downgraded 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 objective on shares of HomeTrust Bancshares from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

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.