HBT Financial, Inc. (NASDAQ:HBT) Declares Quarterly Dividend of $0.19

HBT Financial, Inc. (NASDAQ:HBT) declared a quarterly dividend on Tuesday, July 23rd, Zacks reports. Investors of record on Tuesday, August 6th will be given a dividend of 0.19 per share on Tuesday, August 13th. This represents a $0.76 annualized dividend and a yield of 3.53%. The ex-dividend date is Tuesday, August 6th.

HBT Financial has raised its dividend payment by an average of 4.3% per year over the last three years. HBT Financial has a payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HBT Financial to earn $2.16 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 35.2%.

HBT Financial Stock Down 3.6 %

Shares of NASDAQ HBT opened at $21.50 on Friday. HBT Financial has a 1 year low of $17.42 and a 1 year high of $24.85. The firm’s 50-day moving average is $20.60 and its 200-day moving average is $19.68. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $679.21 million, a PE ratio of 9.51 and a beta of 0.87.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, July 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $72.43 million for the quarter, compared to analysts’ expectations of $56.82 million. HBT Financial had a net margin of 25.61% and a return on equity of 15.76%. During the same period last year, the firm earned $0.58 earnings per share. Equities analysts expect that HBT Financial will post 2.3 EPS for the current year.

Insider Transactions at HBT Financial

In related news, Director Eric E. Burwell acquired 6,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were bought at an average cost of $18.99 per share, with a total value of $113,940.00. Following the completion of the transaction, the director now directly owns 31,820 shares of the company’s stock, valued at $604,261.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Eric E. Burwell acquired 6,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were purchased at an average cost of $18.99 per share, with a total value of $113,940.00. Following the acquisition, the director now directly owns 31,820 shares in the company, valued at approximately $604,261.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Patrick F. Busch sold 11,555 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $24.09, for a total transaction of $278,359.95. Following the completion of the transaction, the director now owns 190,000 shares in the company, valued at $4,577,100. The disclosure for this sale can be found here. 59.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HBT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $27.00 price target (up from $25.00) on shares of HBT Financial in a research report on Tuesday, July 23rd. Raymond James raised HBT Financial from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Friday, May 10th. JPMorgan Chase & Co. raised their price target on HBT Financial from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Finally, Piper Sandler boosted their price objective on HBT Financial from $21.50 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd.

HBT Financial Company Profile

HBT Financial, Inc operates as the bank holding company for Heartland Bank and Trust Company that provides business, commercial, and retail banking products and services to individuals, businesses, and municipal entities in Central and Northeastern Illinois, and Eastern Iowa. The company's deposits accounts consist of noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, certificates of deposits, health savings accounts, and individual retirement accounts.