HBT Financial, Inc. (NASDAQ:HBT) Announces Quarterly Dividend of $0.25

Key Points

• HBT Financial declared a quarterly dividend of $0.25 per share, payable August 18 to shareholders of record August 11. The payment is an 8.7% increase from the prior $0.23 dividend and implies a 2.8% annualized yield.
• The company reported quarterly EPS of $0.78, exceeding analysts’ $0.73 estimate, while revenue of $80.9 million also topped expectations. Its 41.3% payout ratio suggests the dividend remains well covered by earnings.
• Shares opened at $36.35, near their 52-week high of $36.83. Analyst sentiment is mixed but leans positive, with a “Moderate Buy” consensus and an average price target of $33.25.

HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) declared a quarterly dividend on Friday, July 24th. Investors of record on Tuesday, August 11th will be given a dividend of 0.25 per share on Tuesday, August 18th. This represents a c) annualized dividend and a 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 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 41.3% indicating that its dividend is sufficiently covered by earnings. 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%

NASDAQ HBT opened at $36.35 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20. The stock's 50 day moving average is $32.13 and its two-hundred day moving average is $29.25. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 15.60 and a beta of 0.51. HBT Financial has a 1-year low of $22.36 and a 1-year high of $36.83.

HBT Financial (NASDAQ:HBT - Get Free Report) last issued its earnings results on Monday, July 27th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.05. The business had revenue of $80.90 million during the quarter, compared to analysts' expectations of $80.36 million. HBT Financial had a return on equity of 14.03% and a net margin of 23.44%. Equities analysts forecast that HBT Financial will post 3.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HBT shares. Wall Street Zen cut HBT Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. DA Davidson boosted their target price on shares of HBT Financial from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Tuesday, April 28th. Weiss Ratings raised shares of HBT Financial from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods increased their target price on shares of HBT Financial from $34.00 to $38.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 28th. Finally, Zacks Research downgraded shares of HBT Financial from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.

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