HBT Financial, Inc. (HBT) To Go Ex-Dividend on May 12th

HBT Financial, Inc. (NASDAQ:HBT) declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Tuesday, May 12th will be paid a dividend of 0.23 per share on Tuesday, May 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, May 12th.

HBT Financial has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. HBT Financial has a payout ratio of 38.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect HBT Financial to earn $3.07 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 30.0%.

HBT Financial Stock Up 0.0%

Shares of NASDAQ HBT opened at $28.40 on Friday. The company has a market capitalization of $1.03 billion, a P/E ratio of 13.03 and a beta of 0.53. HBT Financial has a 52-week low of $22.36 and a 52-week high of $29.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. The company’s 50 day moving average price is $27.38 and its 200-day moving average price is $26.47.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. The firm had revenue of $67.84 million for the quarter, compared to the consensus estimate of $66.75 million. HBT Financial had a net margin of 22.72% and a return on equity of 13.87%. Equities analysts forecast that HBT Financial will post 2.95 earnings per share for the current year.

Insider Activity

In related news, Chairman Fred L. Drake sold 15,742 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $28.93, for a total transaction of $455,416.06. Following the transaction, the chairman owned 45,815 shares in the company, valued at $1,325,427.95. The trade was a 25.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 51.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in shares of HBT Financial during the 3rd quarter valued at $32,000. CWM LLC lifted its position in shares of HBT Financial by 59.8% during the 3rd quarter. CWM LLC now owns 2,933 shares of the company’s stock valued at $74,000 after acquiring an additional 1,098 shares during the period. BNP Paribas Financial Markets lifted its position in shares of HBT Financial by 66.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company’s stock valued at $98,000 after acquiring an additional 1,556 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of HBT Financial by 906.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock valued at $107,000 after acquiring an additional 3,827 shares during the period. Finally, Franklin Resources Inc. acquired a new position in shares of HBT Financial during the 2nd quarter valued at $208,000. Institutional investors and hedge funds own 78.55% of the company’s stock.

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.