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

HBT Financial, Inc. (NASDAQ:HBT) announced a quarterly dividend on Tuesday, January 27th. Stockholders of record on Monday, February 9th will be paid a dividend of 0.23 per share on Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend 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. 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 Price Performance

Shares of NASDAQ HBT traded up $0.23 during midday trading on Thursday, reaching $26.72. 6,498 shares of the stock traded hands, compared to its average volume of 28,272. The company’s 50 day moving average is $25.98 and its 200 day moving average is $25.35. HBT Financial has a one year low of $19.46 and a one year high of $29.33. The stock has a market capitalization of $839.81 million, a PE ratio of 10.95 and a beta of 0.58. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings data on Monday, January 26th. The company reported $0.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.64. HBT Financial had a return on equity of 13.69% and a net margin of 26.20%.The company had revenue of $61.46 million during the quarter, compared to analysts’ expectations of $61.00 million. On average, equities research analysts anticipate that HBT Financial will post 2.34 earnings per share for the current year.

HBT Financial announced that its board has authorized a stock repurchase program on Thursday, December 18th that authorizes the company to buyback $30.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.5% of its shares through open market purchases. Shares buyback programs are often an indication 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.