HBT Financial, Inc. (NASDAQ:HBT) Given Average Recommendation of “Moderate Buy” by Brokerages

HBT Financial, Inc. (NASDAQ:HBT) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $30.75.

HBT has been the topic of several research reports. Wall Street Zen lowered HBT Financial from a “buy” rating to a “hold” rating in a research note on Saturday. DA Davidson boosted their price objective 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 lowered shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. 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, Piper Sandler boosted their price target on shares of HBT Financial from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th.

HBT Financial Price Performance

HBT Financial stock opened at $30.59 on Monday. HBT Financial has a twelve month low of $22.36 and a twelve month high of $30.85. The firm has a 50 day moving average price of $28.30 and a 200-day moving average price of $27.31. The company has a market capitalization of $1.11 billion, a P/E ratio of 14.03 and a beta of 0.53. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.20.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $66.75 million. As a group, equities analysts predict that HBT Financial will post 2.95 EPS for the current year.

HBT Financial Announces Dividend

The firm also recently disclosed 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 payout ratio is currently 42.20%.

Insider Transactions at HBT Financial

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 sale, the chairman owned 45,815 shares of the company’s stock, valued at approximately $1,325,427.95. This represents a 25.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 51.90% of the stock is owned by insiders.

Hedge Funds Weigh In On HBT Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in HBT Financial by 7.5% during the first quarter. Bank of America Corp DE now owns 17,970 shares of the company’s stock valued at $480,000 after purchasing an additional 1,254 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of HBT Financial by 36.0% in the 1st quarter. Quantinno Capital Management LP now owns 23,675 shares of the company’s stock worth $633,000 after purchasing an additional 6,261 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of HBT Financial by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 561,159 shares of the company’s stock valued at $14,995,000 after purchasing an additional 15,350 shares during the last quarter. Swiss National Bank raised its holdings in shares of HBT Financial by 17.2% during the 1st quarter. Swiss National Bank now owns 28,600 shares of the company’s stock valued at $764,000 after buying an additional 4,200 shares in the last quarter. Finally, Heartland Bank & Trust Co raised its holdings 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 valued at $4,288,000 after buying an additional 143,727 shares in the last quarter. Hedge funds and other 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.