HBT Financial, Inc. (HBT) to Issue Quarterly Dividend of $0.25 on August 18th

HBT Financial, Inc. (NASDAQ:HBT) declared a quarterly dividend on Friday, July 24th. Stockholders of record on Tuesday, August 11th will be given a dividend of 0.25 per share on Tuesday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, August 11th. This is a 8.7% increase from HBT Financial’s previous quarterly dividend of $0.23.

HBT Financial has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. HBT Financial has a dividend payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HBT Financial to earn $3.14 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 31.8%.

HBT Financial Stock Up 0.3%

Shares of HBT opened at $36.35 on Friday. The business’s 50 day moving average is $32.13 and its 200 day moving average is $29.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20. HBT Financial has a 12-month low of $22.36 and a 12-month high of $36.83. The company has a market capitalization of $1.32 billion, a PE ratio of 15.60 and a beta of 0.51.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. HBT Financial had a net margin of 23.44% and a return on equity of 14.03%. The business had revenue of $80.90 million during the quarter, compared to analyst estimates of $80.36 million. Research analysts expect that HBT Financial will post 3.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HBT has been the subject of several research reports. Keefe, Bruyette & Woods increased their price objective on shares of HBT Financial from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, July 30th. Zacks Research lowered HBT Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Piper Sandler lifted their price objective on HBT Financial from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, Wall Street Zen downgraded HBT Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, HBT Financial has an average rating of “Moderate Buy” and an average price target of $33.25.

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.