HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Plans $0.12 Quarterly Dividend

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) announced a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Shareholders 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 yield of 1.31%. The ex-dividend date is Thursday, February 13th.

HomeTrust Bancshares has increased its dividend by an average of 10.9% per year over the last three years. HomeTrust Bancshares has a payout ratio of 15.7% indicating that 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 Stock Up 2.2 %

Shares of HTBI opened at $36.72 on Friday. 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 one year low of $23.55 and a one year high of $38.99. The business’s 50 day simple moving average is $35.26 and its 200-day simple moving average is $34.55. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. HomeTrust Bancshares had a return on equity of 10.41% and a net margin of 18.53%. As a group, sell-side analysts predict that HomeTrust Bancshares will post 3.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Raymond James cut shares of HomeTrust Bancshares from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods increased their price target 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.

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.