HBT Financial, Inc. (NASDAQ:HBT – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.09 and last traded at $30.1580, with a volume of 16705 shares trading hands. The stock had previously closed at $29.39.
Analyst Upgrades and Downgrades
Several research analysts recently commented on HBT shares. DA Davidson raised their target price on HBT Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Weiss Ratings cut HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Zacks Research cut HBT Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Wall Street Zen raised HBT Financial from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Piper Sandler raised their target price on HBT Financial from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.
Read Our Latest Stock Report on HBT Financial
HBT Financial Trading Up 2.0%
HBT Financial (NASDAQ:HBT – Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. The business had revenue of $67.84 million for the quarter, compared to analyst estimates of $66.75 million. HBT Financial had a return on equity of 13.06% and a net margin of 22.72%. As a group, research analysts anticipate that HBT Financial, Inc. will post 2.95 EPS for the current year.
HBT Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th were paid a $0.23 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. HBT Financial’s dividend payout ratio (DPR) is 42.20%.
Insider Buying and Selling at HBT Financial
In other news, Chairman Fred L. Drake sold 15,742 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $28.93, for a total value of $455,416.06. Following the completion of the sale, the chairman directly owned 45,815 shares in the company, valued at approximately $1,325,427.95. This trade represents a 25.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 51.90% of the company’s stock.
Institutional Trading of HBT Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of HBT Financial by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 561,159 shares of the company’s stock valued at $14,995,000 after buying an additional 15,350 shares in the last quarter. LPL Financial LLC increased its stake in shares of HBT Financial by 3.2% in the fourth quarter. LPL Financial LLC now owns 318,379 shares of the company’s stock valued at $8,230,000 after buying an additional 9,874 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of HBT Financial by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 288,455 shares of the company’s stock valued at $7,458,000 after buying an additional 16,641 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of HBT Financial by 51.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 257,579 shares of the company’s stock valued at $6,658,000 after buying an additional 87,085 shares in the last quarter. Finally, Heartland Bank & Trust Co increased its stake in shares of HBT Financial by 857.6% in the first quarter. Heartland Bank & Trust Co now owns 160,487 shares of the company’s stock valued at $4,288,000 after buying an additional 143,727 shares in the last quarter. 78.55% of the stock is currently owned by institutional investors and hedge funds.
HBT Financial Company Profile
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.
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