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

HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders 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 annualized dividend and a yield of 3.54%. The ex-dividend date is Monday, November 4th.

HBT Financial has increased its dividend payment by an average of 4.3% annually over the last three years. HBT Financial has a payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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 %

Shares of HBT traded up $0.09 during trading hours on Friday, hitting $21.45. 28,940 shares of the stock were exchanged, compared to its average volume of 28,219. The firm has a market capitalization of $676.94 million, a P/E ratio of 9.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. HBT Financial has a fifty-two week low of $17.75 and a fifty-two week high of $24.85. The business has a 50-day moving average of $21.96 and a 200-day moving average of $20.83.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HBT shares. JPMorgan Chase & Co. boosted their price objective on HBT Financial from $21.00 to $24.00 and gave the company an "underweight" rating in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods restated an "outperform" rating and set a $27.00 price target (up from $25.00) on shares of HBT Financial in a report on Tuesday, July 23rd. DA Davidson lowered shares of HBT Financial from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $26.00 to $24.00 in a research note on Wednesday, September 25th. Finally, Piper Sandler cut their target price on shares of HBT Financial from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $24.40.

About HBT Financial

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.