125,351 Shares in HBT Financial, Inc. $HBT Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC acquired a new position in shares of HBT Financial, Inc. (NASDAQ:HBT) during the 1st quarter, Holdings Channel.com reports. The fund acquired 125,351 shares of the company’s stock, valued at approximately $3,349,000.

A number of other institutional investors also recently bought and sold shares of HBT. Jane Street Group LLC acquired a new position in HBT Financial during the first quarter worth $286,000. Franklin Resources Inc. acquired a new stake in HBT Financial in the second quarter valued at $208,000. Tower Research Capital LLC TRC boosted its position in shares of HBT Financial by 906.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock worth $107,000 after purchasing an additional 3,827 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of HBT Financial by 66.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company’s stock worth $98,000 after purchasing an additional 1,556 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of HBT Financial during the 1st quarter worth $241,000. 78.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HBT Financial

In other news, Chairman Fred L. Drake sold 15,742 shares of the company’s 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 completion of the transaction, the chairman directly owned 45,815 shares in the company, valued at approximately $1,325,427.95. This represents a 25.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 51.90% of the company’s stock.

HBT Financial Stock Performance

NASDAQ:HBT opened at $33.29 on Friday. The firm’s fifty day simple moving average is $30.60 and its 200 day simple moving average is $28.59. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20. HBT Financial, Inc. has a twelve month low of $22.36 and a twelve month high of $33.69. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 15.27 and a beta of 0.51.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. The company had revenue of $67.84 million for the quarter, compared to analysts’ expectations of $66.75 million. HBT Financial had a return on equity of 13.06% and a net margin of 22.72%. As a group, equities research analysts expect that HBT Financial, Inc. will post 2.95 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

The company 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 of this dividend was Tuesday, May 12th. This represents a $0.92 annualized dividend and a yield of 2.8%. HBT Financial’s dividend payout ratio (DPR) is 42.20%.

Analysts Set New Price Targets

HBT has been the subject of a number of research analyst reports. DA Davidson increased their price target on shares of HBT Financial from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded shares of HBT Financial from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Piper Sandler lifted their price target on shares of HBT Financial from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Weiss Ratings lowered HBT Financial from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, July 15th. Finally, Zacks Research cut HBT Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, HBT Financial has a consensus rating of “Hold” and a consensus price target of $31.67.

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.