HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Announces Quarterly Dividend of $0.11

HomeTrust Bancshares, Inc. (NASDAQ:HTBI - Get Free Report) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Thursday, May 16th will be given a dividend of 0.11 per share by the financial services provider on Thursday, May 30th. This represents a $0.44 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, May 15th.

HomeTrust Bancshares has increased its dividend payment by an average of 12.2% per year over the last three years and has increased its dividend every year for the last 5 years. HomeTrust Bancshares has a dividend payout ratio of 15.2% meaning its dividend is sufficiently covered by earnings.

HomeTrust Bancshares Trading Down 0.5 %

Shares of HomeTrust Bancshares stock traded down $0.13 during trading hours on Thursday, hitting $26.09. The company's stock had a trading volume of 32,059 shares, compared to its average volume of 32,582. HomeTrust Bancshares has a 12 month low of $18.02 and a 12 month high of $30.99. The stock has a 50 day moving average of $25.57 and a 200 day moving average of $24.81. The company has a market capitalization of $455.01 million, a PE ratio of 8.70 and a beta of 0.77. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 1.10.

HomeTrust Bancshares (NASDAQ:HTBI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $50.17 million during the quarter, compared to analysts' expectations of $48.66 million. HomeTrust Bancshares had a return on equity of 11.41% and a net margin of 18.77%.

Wall Street Analyst Weigh In

HTBI has been the subject of several recent research reports. Raymond James increased their price target on HomeTrust Bancshares from $30.00 to $33.00 and gave the company an "outperform" rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods raised HomeTrust Bancshares from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a research report on Wednesday, February 21st. Finally, StockNews.com raised HomeTrust Bancshares from a "hold" rating to a "buy" rating in a research report on Thursday, April 18th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $30.00.

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.