HBT Financial, Inc. Announces Quarterly Dividend of $0.16 (NASDAQ:HBT)

HBT Financial, Inc. (NASDAQ:HBTGet Rating) announced a quarterly dividend on Tuesday, April 26th, Zacks reports. Stockholders of record on Tuesday, May 10th will be given a dividend of 0.16 per share on Tuesday, May 17th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Monday, May 9th.

HBT Financial has a payout ratio of 33.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HBT Financial to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 33.5%.

NASDAQ:HBT opened at $17.17 on Friday. HBT Financial has a 52 week low of $14.19 and a 52 week high of $19.99. The firm has a market cap of $497.59 million, a price-to-earnings ratio of 8.85 and a beta of 1.24. The firm’s 50-day simple moving average is $18.43 and its 200 day simple moving average is $18.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.76 and a current ratio of 0.76.

HBT Financial (NASDAQ:HBTGet Rating) last posted its earnings results on Monday, April 25th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.41 by $0.06. HBT Financial had a net margin of 32.61% and a return on equity of 14.19%. During the same quarter in the prior year, the firm posted $0.51 EPS. Sell-side analysts anticipate that HBT Financial will post 1.77 EPS for the current year.

A number of equities analysts recently weighed in on the stock. TheStreet downgraded shares of HBT Financial from a “b-” rating to a “c” rating in a report on Monday, April 18th. Zacks Investment Research cut shares of HBT Financial from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th.

A number of institutional investors have recently made changes to their positions in HBT. Morgan Stanley boosted its stake in HBT Financial by 24.4% in the 2nd quarter. Morgan Stanley now owns 70,931 shares of the company’s stock worth $1,234,000 after purchasing an additional 13,933 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of HBT Financial by 156.9% during the 2nd quarter. Wells Fargo & Company MN now owns 53,069 shares of the company’s stock valued at $924,000 after purchasing an additional 32,408 shares during the last quarter. Invesco Ltd. increased its position in shares of HBT Financial by 5.6% during the 3rd quarter. Invesco Ltd. now owns 22,823 shares of the company’s stock valued at $355,000 after purchasing an additional 1,203 shares during the last quarter. Millennium Management LLC purchased a new stake in HBT Financial in the 3rd quarter worth approximately $275,000. Finally, Bank of New York Mellon Corp increased its holdings in HBT Financial by 4.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 151,358 shares of the company’s stock worth $2,353,000 after acquiring an additional 6,445 shares in the last quarter. Institutional investors own 26.25% of the company’s stock.

About HBT Financial (Get Rating)

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. 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.

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Dividend History for HBT Financial (NASDAQ:HBT)

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