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

HBT Financial, Inc. (NASDAQ:HBT) announced 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 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Monday, May 6th.

HBT Financial has raised its dividend payment by an average of 4.3% annually over the last three years and has increased 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 %

Shares of HBT traded up $0.13 during mid-day trading on Friday, hitting $19.20. 30,522 shares of the company’s stock traded hands, compared to its average volume of 33,550. The business’s 50-day moving average price is $18.89 and its 200-day moving average price is $19.37. HBT Financial has a 1 year low of $16.33 and a 1 year high of $21.87. The firm has a market capitalization of $606.53 million, a P/E ratio of 8.50 and a beta of 0.86. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.21.

Wall Street Analyst Weigh In

Several research analysts have commented on HBT shares. JPMorgan Chase & Co. upped their price objective on shares of HBT Financial from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, April 23rd. Piper Sandler boosted their price target on shares of HBT Financial from $21.00 to $21.50 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd.

Insider Activity

In other news, Director Roger A. Baker acquired 3,632 shares of the stock in a transaction on Thursday, February 22nd. The stock was acquired at an average price of $18.86 per share, with a total value of $68,499.52. Following the completion of the transaction, the director now owns 559,804 shares of the company’s stock, valued at approximately $10,557,903.44. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In other HBT Financial news, Director Roger A. Baker bought 3,632 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was acquired 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 of the company’s stock, valued at $10,557,903.44. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Roger A. Baker acquired 1,888 shares of the stock in a transaction on Wednesday, February 7th. The shares were bought at an average price of $18.68 per share, with a total value of $35,267.84. Following the purchase, the director now directly owns 555,980 shares of the company’s stock, valued at approximately $10,385,706.40. The disclosure for this purchase can be found here. Insiders bought a total of 6,920 shares of company stock worth $130,240 in the last quarter. 58.60% of the stock is owned by company insiders.

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.