HBT Financial, Inc. (NASDAQ:HBT) Plans Dividend Increase – $0.23 Per Share

HBT Financial, Inc. (NASDAQ:HBT) announced a quarterly dividend on Tuesday, January 27th. Shareholders of record on Monday, February 9th will be paid a dividend of 0.23 per share on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, February 9th. This is a 9.5% increase from HBT Financial’s previous quarterly dividend of $0.21.

HBT Financial has a payout ratio of 34.7% meaning 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 Stock Performance

Shares of NASDAQ:HBT traded up $0.15 on Thursday, hitting $26.64. 4,670 shares of the company were exchanged, compared to its average volume of 28,131. The company’s 50 day moving average price is $25.98 and its two-hundred day moving average price is $25.35. The firm has a market capitalization of $837.14 million, a price-to-earnings ratio of 10.94 and a beta of 0.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.81 and a current ratio of 0.81. HBT Financial has a one year low of $19.46 and a one year high of $29.33.

HBT Financial (NASDAQ:HBT) last released its earnings results on Monday, January 26th. The company reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. HBT Financial had a net margin of 26.20% and a return on equity of 13.69%. The business had revenue of $61.46 million during the quarter, compared to analysts’ expectations of $61.00 million. Research analysts expect that HBT Financial will post 2.34 earnings per share for the current year.

HBT Financial announced that its Board of Directors has authorized a stock buyback program on Thursday, December 18th that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the company to buy up to 3.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.