HBT Financial, Inc. (HBT) to Issue Quarterly Dividend of $0.23 on February 17th

HBT Financial, Inc. (NASDAQ:HBT) declared a quarterly dividend on Tuesday, January 27th. Stockholders of record on Monday, February 9th will be given a dividend of 0.23 per share on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, February 9th. This is a 9.5% increase from HBT Financial’s previous quarterly dividend of $0.21.

HBT Financial has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. HBT Financial has a payout ratio of 38.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HBT Financial to earn $2.39 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 38.5%.

HBT Financial Stock Performance

NASDAQ:HBT opened at $29.51 on Friday. The business’s fifty day moving average is $26.58 and its 200 day moving average is $25.47. The firm has a market cap of $927.50 million, a price-to-earnings ratio of 12.09 and a beta of 0.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.81 and a current ratio of 0.81. HBT Financial has a 52-week low of $19.46 and a 52-week high of $29.88.

HBT Financial (NASDAQ:HBT) last posted its earnings results on Monday, January 26th. The company reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. HBT Financial had a return on equity of 13.69% and a net margin of 26.20%.The business had revenue of $61.46 million during the quarter, compared to analyst estimates of $61.00 million. Research analysts predict that HBT Financial will post 2.34 EPS for the current year.

HBT Financial declared that its board has approved a share repurchase plan on Thursday, December 18th that permits the company to buyback $30.00 million in shares. This buyback authorization permits the company to repurchase up to 3.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About HBT Financial

HBT Financial, Inc is the bank holding company for HomeTrust Bank, a community-focused financial institution based in Lenoir, North Carolina. Through its subsidiary, HomeTrust Bank, the company provides a full suite of personal and business banking services across western North Carolina, eastern Tennessee and Upstate South Carolina. The company’s operations include a network of branch offices, ATMs and online banking platforms designed to serve both urban and rural communities in its primary market areas.

HomeTrust Bank’s product offerings encompass traditional deposit accounts such as checking, savings and money market accounts, as well as certificates of deposit.