HomeTrust Bancshares (NASDAQ:HTBI) Announces Quarterly Earnings Results

HomeTrust Bancshares (NASDAQ:HTBI) released its quarterly earnings results on Wednesday. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.73, Zacks reports. HomeTrust Bancshares had a net margin of 20.87% and a return on equity of 11.86%. The business had revenue of $73.53 million for the quarter, compared to analyst estimates of $48.06 million.

HomeTrust Bancshares Stock Performance

Shares of NASDAQ:HTBI traded up $0.28 on Thursday, hitting $34.17. 65,381 shares of the company were exchanged, compared to its average volume of 36,718. HomeTrust Bancshares has a 1-year low of $19.37 and a 1-year high of $35.77. The stock’s 50 day moving average price is $29.45 and its 200 day moving average price is $27.31. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $595.92 million, a P/E ratio of 9.90 and a beta of 0.82.

HomeTrust Bancshares Announces Dividend

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 paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.29%. HomeTrust Bancshares’s payout ratio is currently 12.75%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of HomeTrust Bancshares from a “hold” rating to a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target 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.