HBT Financial, Inc. (NASDAQ:HBT) Plans Quarterly Dividend of $0.25

HBT Financial, Inc. (NASDAQ:HBT) announced a quarterly dividend on Friday, July 24th. Investors of record on Tuesday, August 11th will be given a dividend of 0.25 per share on Tuesday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, August 11th. This is a 8.7% increase from HBT Financial’s previous quarterly dividend of $0.23.

HBT Financial has raised its dividend by an average of 0.1%per year 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% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HBT Financial to earn $3.14 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 31.8%.

HBT Financial Stock Up 0.3%

Shares of NASDAQ HBT opened at $36.35 on Friday. HBT Financial has a 52 week low of $22.36 and a 52 week high of $36.83. The business has a 50-day simple moving average of $32.13 and a two-hundred day simple moving average of $29.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.32 billion, a P/E ratio of 15.60 and a beta of 0.51.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.05. HBT Financial had a return on equity of 14.03% and a net margin of 23.44%.The firm had revenue of $80.90 million for the quarter, compared to analysts’ expectations of $80.36 million. Research analysts anticipate that HBT Financial will post 3.01 earnings per share for the current fiscal year.

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.