HomeTrust Bancshares (NASDAQ:HTBI) Releases Quarterly Earnings Results, Meets Estimates

HomeTrust Bancshares (NASDAQ:HTBI) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73, Zacks reports. HomeTrust Bancshares had a return on equity of 11.18% and a net margin of 19.42%. The firm had revenue of $73.53 million during the quarter, compared to analyst estimates of $48.06 million.

HomeTrust Bancshares Stock Down 0.2 %

NASDAQ:HTBI traded down $0.08 during trading hours on Friday, hitting $34.09. The company’s stock had a trading volume of 21,218 shares, compared to its average volume of 36,605. The stock has a market capitalization of $594.53 million, a P/E ratio of 9.90 and a beta of 0.82. The stock has a fifty day moving average of $29.57 and a 200-day moving average of $27.35. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. HomeTrust Bancshares has a 52-week low of $19.37 and a 52-week high of $35.77.

HomeTrust Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, August 15th. HomeTrust Bancshares’s dividend payout ratio is currently 12.75%.

Analyst Ratings Changes

Separately, StockNews.com upgraded HomeTrust Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, HomeTrust Bancshares has a consensus rating of “Buy” and a consensus target price of $30.00.

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.