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

HBT Financial, Inc. (NASDAQ:HBT) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Tuesday, May 7th will be given a dividend of 0.19 per share on Tuesday, May 14th. This represents a $0.76 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Monday, May 6th.

HBT Financial has increased its dividend payment by an average of 4.3% per year over the last three years and has raised its dividend every year for the last 3 years. HBT Financial has a payout ratio of 35.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HBT Financial to earn $2.15 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 35.3%.

HBT Financial Trading Up 0.7 %

NASDAQ:HBT traded up $0.13 during trading hours on Friday, reaching $19.20. 30,522 shares of the company were exchanged, compared to its average volume of 33,550. The stock has a 50 day simple moving average of $18.89 and a 200 day simple moving average of $19.36. HBT Financial has a 52-week low of $16.33 and a 52-week high of $21.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.79. The firm has a market cap of $606.53 million, a price-to-earnings ratio of 8.50 and a beta of 0.86.

Insider Activity

In other news, Director Roger A. Baker acquired 3,632 shares of HBT Financial stock in a transaction dated Thursday, February 22nd. The stock was acquired at an average cost of $18.86 per share, for a total transaction of $68,499.52. Following the completion of the purchase, the director now owns 559,804 shares of the company’s stock, valued at $10,557,903.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Roger A. Baker bought 1,888 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $18.68 per share, for a total transaction of $35,267.84. Following the purchase, the director now directly owns 555,980 shares in the company, valued at $10,385,706.40. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Roger A. Baker bought 3,632 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average price of $18.86 per share, with a total value of $68,499.52. Following the completion of the purchase, the director now owns 559,804 shares in the company, valued at $10,557,903.44. The disclosure for this purchase can be found here. In the last three months, insiders acquired 6,920 shares of company stock valued at $130,240. Company insiders own 58.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of HBT Financial from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 23rd. Piper Sandler lifted their price target on shares of HBT Financial from $21.00 to $21.50 and gave the stock a “neutral” rating in a research note on Tuesday, April 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.