HomeTrust Bancshares, Inc. (NASDAQ:HTBI – Get Rating) declared a quarterly dividend on Wednesday, July 27th, Zacks reports. Stockholders of record on Thursday, August 18th will be given a dividend of 0.09 per share by the financial services provider on Thursday, September 1st. This represents a $0.36 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, August 17th.
HomeTrust Bancshares has raised its dividend payment by an average of 76.5% annually over the last three years and has increased its dividend every year for the last 3 years. HomeTrust Bancshares has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect HomeTrust Bancshares to earn $2.81 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 12.8%.
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HTBI opened at $25.37 on Tuesday. The company has a market capitalization of $398.82 million, a P/E ratio of 11.38 and a beta of 0.60. The company has a 50-day moving average of $24.93 and a 200-day moving average of $27.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.00 and a current ratio of 1.03. HomeTrust Bancshares has a 1-year low of $22.86 and a 1-year high of $32.60.
HomeTrust Bancshares (NASDAQ:HTBI – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.17). The business had revenue of $38.58 million for the quarter, compared to analyst estimates of $37.56 million. HomeTrust Bancshares had a return on equity of 8.96% and a net margin of 22.96%. Equities analysts expect that HomeTrust Bancshares will post 2.43 EPS for the current fiscal year.Analysts Set New Price Targets
HTBI has been the subject of several research analyst reports. Compass Point lowered HomeTrust Bancshares from a "buy" rating to a "neutral" rating and set a $25.00 price objective for the company. in a report on Tuesday, July 26th. Piper Sandler dropped their target price on shares of HomeTrust Bancshares to $27.00 in a report on Monday, July 4th. Finally, StockNews.com cut shares of HomeTrust Bancshares from a "buy" rating to a "hold" rating in a report on Friday, May 27th.
Hedge Funds Weigh In On HomeTrust Bancshares
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HTBI. Federated Hermes Inc. grew its holdings in shares of HomeTrust Bancshares by 128.4% during the first quarter. Federated Hermes Inc. now owns 2,346 shares of the financial services provider's stock valued at $69,000 after buying an additional 1,319 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in HomeTrust Bancshares by 20.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,645 shares of the financial services provider's stock valued at $91,000 after acquiring an additional 614 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of HomeTrust Bancshares by 9.3% in the 1st quarter. First Trust Advisors LP now owns 8,276 shares of the financial services provider's stock valued at $244,000 after purchasing an additional 704 shares during the period. MetLife Investment Management LLC lifted its position in shares of HomeTrust Bancshares by 57.0% in the first quarter. MetLife Investment Management LLC now owns 8,528 shares of the financial services provider's stock worth $252,000 after purchasing an additional 3,096 shares in the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of HomeTrust Bancshares during the first quarter worth approximately $381,000. Institutional investors and hedge funds own 67.28% of the company's stock.
About HomeTrust Bancshares
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HomeTrust Bancshares, Inc operates as the bank holding company for HomeTrust Bank that provides a range of retail and commercial banking products and services. Its deposit products include savings, money market, and demand accounts, as well as certificates of deposit for individuals, businesses, and nonprofit organizations.
Further Reading
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