Rosenthal Henry Capital Advisors Inc. trimmed its position in HBT Financial, Inc. (NASDAQ:HBT – Free Report) by 54.1% during the 1st quarter, HoldingsChannel reports. The firm owned 42,500 shares of the company’s stock after selling 50,047 shares during the period. Rosenthal Henry Capital Advisors Inc.’s holdings in HBT Financial were worth $1,146,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in HBT. Los Angeles Capital Management LLC lifted its stake in shares of HBT Financial by 16.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 71,574 shares of the company’s stock worth $1,726,000 after purchasing an additional 10,234 shares during the period. Geode Capital Management LLC boosted its holdings 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 worth $7,458,000 after buying an additional 16,641 shares during the last quarter. State of Alaska Department of Revenue grew its position in HBT Financial by 42.4% during the fourth quarter. State of Alaska Department of Revenue now owns 1,809 shares of the company’s stock valued at $45,000 after buying an additional 539 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in HBT Financial by 13.9% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,876 shares of the company’s stock valued at $565,000 after buying an additional 2,669 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in HBT Financial by 5.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,712 shares of the company’s stock valued at $535,000 after buying an additional 1,065 shares during the last quarter. 78.55% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on HBT shares. Piper Sandler increased their price target on shares of HBT Financial from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. DA Davidson upped their price objective on HBT Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Wall Street Zen cut HBT Financial from a “buy” rating to a “hold” rating in a report on Monday. Weiss Ratings downgraded HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Finally, Zacks Research downgraded HBT Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, HBT Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.25.
HBT Financial Stock Performance
Shares of NASDAQ HBT opened at $32.74 on Thursday. The stock has a market cap of $1.19 billion, a PE ratio of 15.02 and a beta of 0.51. HBT Financial, Inc. has a 1 year low of $22.36 and a 1 year high of $32.99. The firm has a fifty day moving average price of $29.06 and a 200-day moving average price of $27.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.85 and a quick ratio of 0.85.
HBT Financial (NASDAQ:HBT – Get Free Report) last issued its earnings results on Monday, April 27th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. HBT Financial had a net margin of 22.72% and a return on equity of 13.06%. The company had revenue of $67.84 million during the quarter, compared to the consensus estimate of $66.75 million. Equities analysts anticipate that HBT Financial, Inc. will post 2.95 earnings per share for the current fiscal year.
HBT Financial Announces Dividend
The firm also recently disclosed 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 of this dividend was Tuesday, May 12th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.8%. HBT Financial’s dividend payout ratio is 42.20%.
Insider Activity
In related news, Chairman Fred L. Drake sold 15,742 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $28.93, for a total transaction of $455,416.06. Following the completion of the sale, the chairman 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 51.90% 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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