HBT Financial (NASDAQ:HBT) Sets New 12-Month High – What’s Next?

HBT Financial, Inc. (NASDAQ:HBT) shares reached a new 52-week high on Monday . The stock traded as high as $30.85 and last traded at $31.00, with a volume of 141541 shares traded. The stock had previously closed at $30.59.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HBT shares. Weiss Ratings lowered HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Wall Street Zen lowered HBT Financial from a “buy” rating to a “hold” rating in a report on Saturday. Piper Sandler upped their price target on HBT Financial from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. DA Davidson upped their price target on HBT Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Finally, Zacks Research lowered HBT Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, HBT Financial presently has an average rating of “Moderate Buy” and a consensus price target of $30.75.

HBT Financial Trading Down 1.4%

The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 13.84 and a beta of 0.53. The business has a fifty day moving average price of $28.30 and a 200 day moving average price of $27.31. 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) last issued 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 return on equity of 13.06% and a net margin of 22.72%.The company had revenue of $67.84 million during the quarter, compared to analyst estimates of $66.75 million. On average, equities analysts expect that HBT Financial, Inc. will post 2.95 EPS for the current fiscal year.

HBT Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. HBT Financial’s payout ratio is currently 42.20%.

Insider Activity

In other news, Chairman Fred L. Drake sold 15,742 shares of the business’s stock in a transaction that occurred on 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 directly owned 45,815 shares in the company, valued at approximately $1,325,427.95. The trade was a 25.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 51.90% of the company’s stock.

Institutional Trading of HBT Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of 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 during the period. Quantinno Capital Management LP increased its position in shares of HBT Financial by 36.0% during the first quarter. Quantinno Capital Management LP now owns 23,675 shares of the company’s stock valued at $633,000 after purchasing an additional 6,261 shares during the period. Dimensional Fund Advisors LP increased its position in shares of HBT Financial by 2.8% during the first 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 period. Swiss National Bank increased its position in shares of HBT Financial by 17.2% during the first quarter. Swiss National Bank now owns 28,600 shares of the company’s stock valued at $764,000 after purchasing an additional 4,200 shares during the period. Finally, Heartland Bank & Trust Co increased its position in shares of HBT Financial by 857.6% during the first quarter. Heartland Bank & Trust Co now owns 160,487 shares of the company’s stock valued at $4,288,000 after purchasing an additional 143,727 shares during the period. 78.55% of the stock is currently owned by institutional investors.

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.