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

HomeTrust Bancshares (NASDAQ:HTBI) issued its earnings results on Wednesday. The financial services provider reported $0.73 EPS for the quarter, hitting 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 business had revenue of $73.53 million during the quarter, compared to analysts’ expectations of $48.06 million.

HomeTrust Bancshares Price Performance

Shares of NASDAQ:HTBI traded up $0.66 during trading on Friday, reaching $34.83. The stock had a trading volume of 91,141 shares, compared to its average volume of 58,997. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.12 and a quick ratio of 1.06. The business’s 50-day moving average price is $29.68 and its 200 day moving average price is $27.41. HomeTrust Bancshares has a 52 week low of $19.37 and a 52 week high of $35.77. The stock has a market capitalization of $607.44 million, a PE ratio of 10.10 and a beta of 0.82.

HomeTrust Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, August 15th. HomeTrust Bancshares’s dividend payout ratio (DPR) is currently 12.75%.

Analysts Set New Price Targets

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