HBT Financial Announces New Stock Repurchase Program
BLOOMINGTON, Ill., Dec. 18, 2024 (GLOBE NEWSWIRE) — HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT Financial”) announced today that its Board of Directors has approved a new stock repurchase program (the “Program”) that takes effect upon the expiration of the Company’s current stock repurchase program on January 1, 2025. The Company will not execute additional repurchases under the current program after January 1, 2025. The new Program authorizes the Company to repurchase up to $15 million of its common stock.
The Benefits of a Stock Repurchase Program
A stock repurchase program can have several benefits for a company and its shareholders. By repurchasing its own stock, a company can potentially increase the value of its remaining shares by reducing the number of shares outstanding. This can lead to an increase in earnings per share and make each share more valuable to shareholders. Additionally, stock repurchases can signal to the market that the company believes its stock is undervalued, which can boost investor confidence and attract new investors.
Impact on Shareholders
For shareholders of HBT Financial, the new stock repurchase program could potentially lead to an increase in the value of their shares. By reducing the number of shares outstanding, the Company may be able to boost its earnings per share, which could result in a higher stock price. Shareholders may also see a positive impact on their investment as the Company’s stock becomes more attractive to potential buyers.
Global Implications
The announcement of HBT Financial’s new stock repurchase program could have broader implications for the global financial market. Stock repurchase programs are common among publicly traded companies, and they can influence market trends and investor sentiment. As HBT Financial takes steps to increase the value of its shares, other companies may follow suit, leading to a ripple effect throughout the financial world. Additionally, the Company’s decision to repurchase $15 million of its common stock could impact the overall market by potentially boosting investor confidence and driving up stock prices.
Conclusion
In conclusion, HBT Financial’s new stock repurchase program has the potential to benefit both the Company and its shareholders. By repurchasing its own stock, HBT Financial is signaling its belief in the value of its shares and taking steps to increase shareholder value. The Program could have a positive impact on the Company’s stock price and earnings per share, while also influencing broader market trends and investor sentiment. Shareholders and investors alike will be watching closely to see the effects of this new initiative on HBT Financial’s performance and the global financial landscape.
