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

HBT Financial, Inc. (NASDAQ:HBT) declared a quarterly dividend on Friday, July 24th. Stockholders of record on Tuesday, August 11th will be paid a dividend of 0.25 per share on Tuesday, August 18th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend 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 payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. HBT Financial has a payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.3%

HBT opened at $36.35 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 15.60 and a beta of 0.51. The firm has a 50 day simple moving average of $32.13 and a 200 day simple moving average of $29.25. HBT Financial has a fifty-two week low of $22.36 and a fifty-two week high of $36.83.

HBT Financial (NASDAQ:HBT) last released its earnings results on Monday, July 27th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The firm had revenue of $80.90 million during the quarter, compared to analyst estimates of $80.36 million. HBT Financial had a net margin of 23.44% and a return on equity of 14.03%. On average, sell-side analysts anticipate that HBT Financial will post 3.01 earnings per share for the current 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.