HBT Financial (NASDAQ:HBT) Hits New 1-Year High – Here’s What Happened

HBT Financial, Inc. (NASDAQ:HBT) shares hit a new 52-week high on Tuesday . The company traded as high as $30.09 and last traded at $30.1580, with a volume of 16705 shares changing hands. The stock had previously closed at $29.39.

Analysts Set New Price Targets

HBT has been the topic of a number of research reports. Zacks Research downgraded HBT Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Piper Sandler upped their target price on HBT Financial from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Wall Street Zen raised HBT Financial from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. DA Davidson raised their price target on HBT Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings downgraded HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.75.

HBT Financial Stock Performance

The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 13.75 and a beta of 0.53. The stock has a fifty day moving average price of $28.03 and a 200 day moving average price of $27.12.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.68 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $66.75 million. As a group, analysts predict that HBT Financial, Inc. will post 2.95 earnings per share for the current year.

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, May 12th. HBT Financial’s dividend payout ratio (DPR) is 42.20%.

Insider Buying and Selling

In other HBT Financial news, Chairman Fred L. Drake sold 15,742 shares of the 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 transaction, the chairman owned 45,815 shares in the company, valued at $1,325,427.95. This trade represents a 25.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 51.90% of the stock is currently owned by company insiders.

Institutional Trading of HBT Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its holdings in HBT Financial by 42.4% in the 4th 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 last quarter. BNP Paribas Financial Markets grew its holdings in HBT Financial by 66.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company’s stock valued at $98,000 after buying an additional 1,556 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in HBT Financial by 906.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock valued at $107,000 after buying an additional 3,827 shares during the last quarter. Franklin Resources Inc. acquired a new stake in HBT Financial in the 2nd quarter valued at approximately $208,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in HBT Financial in the 3rd quarter valued at approximately $224,000. Institutional investors and hedge funds 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.