HBT Financial, Inc. (NASDAQ:HBT) Shares Will Pay Quarterly Dividend of $0.25

Key Points

• HBT Financial declared a quarterly dividend of $0.25 per share, payable November 17 to shareholders of record on November 9. The annualized dividend is $1.00 per share, representing a 2.7% yield.
• The dividend appears well covered, with a current payout ratio of 41.3% and an expected future payout ratio of 28.4%. HBT has increased its dividend for five consecutive years.
• HBT Financial reported quarterly EPS of $0.86, exceeding the $0.79 analyst consensus, while revenue of $84.21 million also topped expectations. Institutional investors own approximately 78.55% of the stock.

HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Monday, November 9th will be paid a dividend of $0.25 per share on Tuesday, November 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, November 9th.

HBT Financial has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. HBT Financial has a dividend payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HBT Financial to earn $3.52 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 28.4%.

HBT Financial Price Performance

Shares of HBT stock opened at $36.40 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.84. HBT Financial has a fifty-two week low of $22.37 and a fifty-two week high of $37.71. The firm has a market cap of $1.32 billion, a P/E ratio of 14.22 and a beta of 0.49. The business's 50 day moving average price is $35.88 and its 200-day moving average price is $31.09.

HBT Financial (NASDAQ:HBT - Get Free Report) last announced its earnings results on Monday, October 26th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. HBT Financial had a return on equity of 13.46% and a net margin of 23.44%. The company had revenue of $84.21 million during the quarter, compared to the consensus estimate of $82.87 million. On average, equities research analysts anticipate that HBT Financial will post 3.03 earnings per share for the current year.

Institutional Trading of HBT Financial

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of HBT Financial in the 2nd quarter worth approximately $63,321,000. Dimensional Fund Advisors LP boosted its holdings in HBT Financial by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 561,159 shares of the company's stock worth $14,995,000 after acquiring an additional 15,350 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in HBT Financial in the second quarter worth $15,675,000. Wellington Management Group LLP purchased a new stake in shares of HBT Financial in the second quarter worth $9,552,000. Finally, Heartland Bank & Trust Co grew its stake in shares of HBT Financial by 857.6% in the first quarter. Heartland Bank & Trust Co now owns 160,487 shares of the company's stock worth $4,288,000 after acquiring an additional 143,727 shares during the last quarter. 78.55% of the stock is owned by institutional investors.

HBT Financial Company Profile

HBT Financial, Inc is a bank holding company headquartered in Bloomington, Illinois. Its principal subsidiary, Heartland Bank and Trust Company, operates as a community bank serving individuals, businesses, agricultural customers and institutions.

Heartland Bank provides a range of traditional banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer loans, commercial lending and agricultural financing. The bank also offers treasury management, online and mobile banking, wealth management, trust and investment services, and other financial solutions.

Through its branch network and digital channels, HBT Financial serves communities primarily across central and eastern Illinois and parts of eastern Iowa.

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