Wellington Management Group LLP bought a new stake in HBT Financial, Inc. (NASDAQ:HBT – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 298,605 shares of the company’s stock, valued at approximately $9,552,000.
Several other hedge funds also recently made changes to their positions in HBT. BlackRock Inc. bought a new stake in shares of HBT Financial in the second quarter worth $63,321,000. The Manufacturers Life Insurance Company acquired a new stake in HBT Financial in the 2nd quarter valued at $15,675,000. Heartland Bank & Trust Co boosted its stake in shares of HBT Financial by 857.6% during the 1st quarter. Heartland Bank & Trust Co now owns 160,487 shares of the company’s stock worth $4,288,000 after buying an additional 143,727 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of HBT Financial in the 2nd quarter valued at about $4,472,000. Finally, Allspring Global Investments Holdings LLC bought a new position in HBT Financial in the first quarter valued at approximately $3,349,000. 78.55% of the stock is owned by institutional investors.
HBT Financial Stock Performance
Shares of HBT Financial stock opened at $36.53 on Wednesday. The business has a 50-day simple moving average of $34.76 and a 200 day simple moving average of $30.49. HBT Financial, Inc. has a one year low of $22.36 and a one year high of $37.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 15.68 and a beta of 0.51.
HBT Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. This is an increase from HBT Financial’s previous quarterly dividend of $0.23. HBT Financial’s dividend payout ratio is presently 42.92%.
Analysts Set New Price Targets
HBT has been the topic of a number of research analyst reports. Zacks Research cut shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Piper Sandler boosted their price target on HBT Financial from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Wall Street Zen cut shares of HBT Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, July 30th. Finally, DA Davidson lifted their target price on shares of HBT Financial from $36.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.40.
Read Our Latest Research Report on HBT Financial
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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