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

HBT Financial, Inc. (NASDAQ:HBT) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Monday, November 4th will be given a dividend of 0.19 per share on Tuesday, November 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, November 4th.

HBT Financial has raised its dividend payment by an average of 4.3% per year over the last three years. HBT Financial has a payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.4 %

NASDAQ HBT opened at $21.45 on Friday. HBT Financial has a 1 year low of $17.75 and a 1 year high of $24.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $676.96 million, a PE ratio of 9.75 and a beta of 0.86. The company has a fifty day moving average of $21.96 and a 200 day moving average of $20.83.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HBT shares. JPMorgan Chase & Co. raised their target price on HBT Financial from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $27.00 price objective (up previously from $25.00) on shares of HBT Financial in a research note on Tuesday, July 23rd. DA Davidson lowered shares of HBT Financial from a “buy” rating to a “neutral” rating and cut their target price for the company from $26.00 to $24.00 in a report on Wednesday, September 25th. Finally, Piper Sandler reduced their price target on HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.40.

HBT Financial Company Profile

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.