HBT Financial (NASDAQ:HBT – Get Free Report) released its earnings results on Monday. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05, FiscalAI reports. HBT Financial had a return on equity of 13.06% and a net margin of 22.72%.The business had revenue of $80.90 million during the quarter, compared to the consensus estimate of $80.36 million.
HBT Financial Stock Performance
Shares of HBT stock opened at $33.29 on Monday. The company has a market capitalization of $1.21 billion, a P/E ratio of 15.27 and a beta of 0.51. HBT Financial has a fifty-two week low of $22.36 and a fifty-two week high of $33.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day moving average price of $30.60 and a two-hundred day moving average price of $28.61.
HBT Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were given a $0.23 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.92 annualized dividend and a yield of 2.8%. HBT Financial’s payout ratio is presently 42.20%.
Analysts Set New Price Targets
Check Out Our Latest Report on HBT Financial
Insider Activity
In related news, Chairman Fred L. Drake sold 15,742 shares of HBT Financial stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $28.93, for a total value of $455,416.06. Following the transaction, the chairman directly owned 45,815 shares of the company’s stock, valued at $1,325,427.95. The trade was a 25.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 51.90% of the company’s stock.
Institutional Investors Weigh In On HBT Financial
A number of large investors have recently added to or reduced their stakes in the company. Trexquant Investment LP raised its stake in shares of HBT Financial by 70.1% during the fourth quarter. Trexquant Investment LP now owns 28,991 shares of the company’s stock valued at $749,000 after acquiring an additional 11,943 shares during the last quarter. Adage Capital Partners GP L.L.C. grew 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 worth $6,658,000 after purchasing an additional 87,085 shares during the last quarter. Barclays PLC increased its holdings in HBT Financial by 3.2% during the 4th quarter. Barclays PLC now owns 56,317 shares of the company’s stock valued at $1,456,000 after purchasing an additional 1,732 shares during the period. Wells Fargo & Company MN increased its holdings in HBT Financial by 315.1% during the 4th quarter. Wells Fargo & Company MN now owns 36,449 shares of the company’s stock valued at $942,000 after purchasing an additional 27,669 shares during the period. Finally, Renaissance Technologies LLC raised its position in HBT Financial by 20.7% during the 4th quarter. Renaissance Technologies LLC now owns 49,600 shares of the company’s stock valued at $1,282,000 after purchasing an additional 8,500 shares during the last quarter. Institutional investors 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.
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