HBT Financial, Inc. (NASDAQ:HBT – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $30.85 and last traded at $31.00, with a volume of 141541 shares. The stock had previously closed at $30.59.
Wall Street Analysts Forecast Growth
HBT has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of HBT Financial from a “buy” rating to a “hold” rating in a research note on Saturday. Piper Sandler boosted their price objective on shares of HBT Financial from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. DA Davidson boosted their price objective on shares of HBT Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings downgraded shares of HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Finally, Zacks Research downgraded shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.
View Our Latest Analysis on HBT
HBT Financial Price Performance
HBT Financial (NASDAQ:HBT – Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. HBT Financial had a return on equity of 13.06% and a net margin of 22.72%.The business had revenue of $67.84 million for the quarter, compared to analyst estimates of $66.75 million. As a group, equities analysts expect that HBT Financial, Inc. will post 2.95 earnings per share for the current year.
HBT Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, May 12th. HBT Financial’s dividend payout ratio is presently 42.20%.
Insider Activity
In other news, Chairman Fred L. Drake sold 15,742 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $28.93, for a total transaction of $455,416.06. Following the sale, the chairman directly owned 45,815 shares of the company’s stock, valued at $1,325,427.95. This represents a 25.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 51.90% of the stock is currently owned by insiders.
Institutional Investors Weigh In On HBT Financial
Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of HBT Financial by 4.4% during the 3rd quarter. Bank of America Corp DE now owns 12,537 shares of the company’s stock worth $316,000 after acquiring an additional 534 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of HBT Financial by 42.4% during the 4th quarter. State of Alaska Department of Revenue now owns 1,809 shares of the company’s stock worth $45,000 after acquiring an additional 539 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of HBT Financial by 3.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 17,949 shares of the company’s stock worth $452,000 after acquiring an additional 612 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of HBT Financial by 6.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 16,150 shares of the company’s stock worth $407,000 after acquiring an additional 1,003 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of HBT Financial by 5.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,712 shares of the company’s stock worth $535,000 after purchasing an additional 1,065 shares during the last quarter. 78.55% of the stock is owned by hedge funds and other institutional investors.
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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