HBT Financial, Inc. (NASDAQ:HBT) Declares $0.19 Quarterly Dividend

HBT Financial, Inc. (NASDAQ:HBT) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors 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 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date 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 raised its dividend annually for the last 3 consecutive years. HBT Financial has a payout ratio of 35.2% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of NASDAQ HBT traded up $0.13 during midday trading on Friday, reaching $19.20. The company had a trading volume of 30,522 shares, compared to its average volume of 33,550. The stock has a market cap of $606.53 million, a P/E ratio of 8.50 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.21. HBT Financial has a 1 year low of $16.33 and a 1 year high of $21.87. The business’s 50-day simple moving average is $18.89 and its 200 day simple moving average is $19.36.

Insider Buying and Selling at HBT Financial

In related news, Director Roger A. Baker acquired 3,632 shares of HBT Financial stock in a transaction on Thursday, February 22nd. The stock was acquired at an average price of $18.86 per share, for a total transaction of $68,499.52. Following the purchase, the director now owns 559,804 shares of the company’s stock, valued at approximately $10,557,903.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Roger A. Baker bought 3,632 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average cost of $18.86 per share, with a total value of $68,499.52. Following the completion of the acquisition, the director now directly owns 559,804 shares in the company, valued at $10,557,903.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roger A. Baker purchased 1,888 shares of HBT Financial stock in a transaction that occurred 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 completion of the transaction, the director now 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. Over the last three months, insiders have acquired 6,920 shares of company stock valued at $130,240. 58.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HBT. JPMorgan Chase & Co. increased their price objective on HBT Financial from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, April 23rd. Piper Sandler raised their price target on shares of HBT Financial from $21.00 to $21.50 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd.

About HBT Financial

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.