HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Announces Dividend Increase - $0.12 Per Share

HomeTrust Bancshares, Inc. (NASDAQ:HTBI - Get Free Report) declared a quarterly dividend on Thursday, October 24th, Wall Street Journal reports. Investors 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 dividend yield of 1.45%. The ex-dividend date is Thursday, November 14th. This is a boost 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 payout ratio of 14.9% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

HomeTrust Bancshares stock traded down $0.49 during trading on Friday, reaching $33.05. The company had a trading volume of 58,120 shares, compared to its average volume of 38,905. The firm has a market capitalization of $576.56 million, a PE ratio of 9.58 and a beta of 0.81. The firm's 50-day simple moving average is $34.35 and its 200 day simple moving average is $30.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.08 and a current ratio of 1.14. HomeTrust Bancshares has a 1-year low of $19.94 and a 1-year high of $36.79.

HomeTrust Bancshares (NASDAQ:HTBI - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.04). The company had revenue of $74.93 million during the quarter, compared to analyst estimates of $50.13 million. HomeTrust Bancshares had a net margin of 19.42% and a return on equity of 11.04%. As a group, equities research analysts anticipate that HomeTrust Bancshares will post 3.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on HTBI. Hovde Group began coverage on HomeTrust Bancshares in a research report on Wednesday, July 31st. They issued an "outperform" rating and a $42.00 target price on the stock. StockNews.com raised shares of HomeTrust Bancshares from a "hold" rating to a "buy" rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased their target price on shares of HomeTrust Bancshares from $32.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target 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.