HBT Financial, Inc. to Issue Quarterly Dividend of $0.21 (NASDAQ:HBT)

Key Points

• HBT Financial, Inc. has declared a quarterly dividend of $0.21 per share, with a payment date set for November 10th for stockholders of record by November 3rd, signaling a 3.4% dividend yield.
• The company reported earnings of $0.65 EPS in its latest quarter, exceeding analyst expectations by $0.03, though revenue fell slightly short of forecasts.
• Institutional investors own 78.55% of HBT Financial's stock, with significant recent increases in positions from firms such as American Century Companies Inc. and Adage Capital Partners GP L.L.C.

HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) declared a quarterly dividend on Tuesday, October 21st. Stockholders of record on Monday, November 3rd will be given a dividend of 0.21 per share on Monday, November 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, November 3rd.

HBT Financial has a dividend payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HBT Financial to earn $2.39 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 35.1%.

HBT Financial Trading Up 0.9%

NASDAQ HBT opened at $25.04 on Thursday. HBT Financial has a 12 month low of $19.46 and a 12 month high of $27.02. The company has a 50-day moving average of $25.37 and a 200-day moving average of $24.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $788.76 million, a P/E ratio of 10.10 and a beta of 0.63.

HBT Financial (NASDAQ:HBT - Get Free Report) last issued its earnings results on Monday, October 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.03. HBT Financial had a return on equity of 14.03% and a net margin of 26.64%.The business had revenue of $59.84 million during the quarter, compared to analysts' expectations of $60.31 million. During the same quarter in the previous year, the business earned $0.61 EPS. As a group, equities analysts predict that HBT Financial will post 2.34 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its position in shares of HBT Financial by 42.4% in the 1st quarter. American Century Companies Inc. now owns 189,727 shares of the company's stock valued at $4,252,000 after purchasing an additional 56,521 shares during the period. Russell Investments Group Ltd. boosted its position in shares of HBT Financial by 4.2% in the 1st quarter. Russell Investments Group Ltd. now owns 33,295 shares of the company's stock valued at $746,000 after purchasing an additional 1,335 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in shares of HBT Financial by 12.3% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 278,159 shares of the company's stock valued at $6,234,000 after purchasing an additional 30,467 shares during the period. Johnson Investment Counsel Inc. boosted its position in shares of HBT Financial by 1.0% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 99,108 shares of the company's stock valued at $2,499,000 after purchasing an additional 1,008 shares during the period. Finally, Rosenthal Henry Capital Advisors Inc. boosted its position in shares of HBT Financial by 120.1% in the 1st quarter. Rosenthal Henry Capital Advisors Inc. now owns 93,536 shares of the company's stock valued at $2,096,000 after purchasing an additional 51,036 shares during the period. Institutional investors own 78.55% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.