HBT Financial, Inc. (NASDAQ:HBT – Get Free Report) has received an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $30.75.
A number of research analysts have weighed in on the company. Wall Street Zen downgraded HBT Financial from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Piper Sandler raised their price target on HBT Financial from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. DA Davidson raised their price target on HBT Financial from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Zacks Research downgraded HBT Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings downgraded HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th.
View Our Latest Analysis on HBT Financial
HBT Financial Stock Down 0.0%
HBT Financial (NASDAQ:HBT – Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The firm had revenue of $67.84 million during the quarter, compared to the consensus estimate of $66.75 million. HBT Financial had a return on equity of 13.06% and a net margin of 22.72%. Analysts anticipate that HBT Financial will post 2.95 EPS for the current fiscal year.
HBT Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 12th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, May 12th. HBT Financial’s dividend payout ratio is 42.20%.
Insiders Place Their Bets
In related news, Chairman Fred L. Drake sold 15,742 shares of the 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 sale, the chairman owned 45,815 shares in the company, valued at approximately $1,325,427.95. This represents a 25.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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 business. Bank of America Corp DE raised its stake in HBT Financial by 7.5% in the 1st quarter. Bank of America Corp DE now owns 17,970 shares of the company’s stock valued at $480,000 after acquiring an additional 1,254 shares during the period. Quantinno Capital Management LP raised its stake in HBT Financial by 36.0% in the 1st quarter. Quantinno Capital Management LP now owns 23,675 shares of the company’s stock valued at $633,000 after acquiring an additional 6,261 shares during the period. Dimensional Fund Advisors LP raised its stake in HBT Financial by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 561,159 shares of the company’s stock valued at $14,995,000 after acquiring an additional 15,350 shares during the period. Swiss National Bank raised its stake in HBT Financial by 17.2% in the 1st quarter. Swiss National Bank now owns 28,600 shares of the company’s stock valued at $764,000 after acquiring an additional 4,200 shares during the period. Finally, Heartland Bank & Trust Co raised its stake in HBT Financial by 857.6% in the 1st quarter. Heartland Bank & Trust Co now owns 160,487 shares of the company’s stock valued at $4,288,000 after acquiring an additional 143,727 shares during the period. Institutional investors own 78.55% of the company’s stock.
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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