HBT Financial, Inc. (HBT) to Issue Quarterly Dividend of $0.25 on November 17th

HBT Financial, Inc. (NASDAQ:HBT) 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 of this dividend is Monday, November 9th.

HBT Financial has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 5 years. HBT Financial has a dividend payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HBT Financial to earn $3.63 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 27.5%.

HBT Financial Trading Down 0.3%

NASDAQ HBT opened at $37.00 on Friday. HBT Financial has a 1-year low of $22.37 and a 1-year high of $38.79. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $36.08 and its 200-day simple moving average is $31.45. The company has a market capitalization of $1.35 billion, a PE ratio of 12.67 and a beta of 0.43.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, October 26th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. HBT Financial had a return on equity of 14.48% and a net margin of 24.66%. The company had revenue of $84.21 million for the quarter, compared to analysts’ expectations of $82.87 million. As a group, sell-side analysts anticipate that HBT Financial will post 3.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Zacks Research raised HBT Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, September 28th. Wall Street Zen cut HBT Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Piper Sandler boosted their price objective on shares of HBT Financial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, October 27th. Hovde Group lifted their price target on HBT Financial from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods increased their price target on shares of HBT Financial from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, October 27th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $39.20.

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.