HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) Chairman Fred Drake sold 15,742 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $28.93, for a total transaction of $455,416.06. Following the completion of the sale, the chairman directly owned 45,815 shares of the company's stock, valued at $1,325,427.95. This trade represents a 25.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
HBT Financial Stock Down 0.8%
Shares of NASDAQ:HBT opened at $27.76 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. HBT Financial, Inc. has a 52-week low of $22.36 and a 52-week high of $29.88. The company has a 50 day moving average of $27.35 and a two-hundred day moving average of $26.35. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.73 and a beta of 0.56.
HBT Financial (NASDAQ:HBT - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. HBT Financial had a net margin of 22.72% and a return on equity of 13.87%. The company had revenue of $67.84 million during the quarter, compared to the consensus estimate of $66.75 million. As a group, analysts forecast that HBT Financial, Inc. will post 2.95 earnings per share for the current fiscal year.
HBT Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, May 12th. HBT Financial's dividend payout ratio is 42.20%.
Hedge Funds Weigh In On HBT Financial
Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in HBT Financial by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 545,809 shares of the company's stock worth $14,110,000 after purchasing an additional 22,048 shares during the last quarter. LPL Financial LLC lifted its stake in HBT Financial by 3.2% during the fourth quarter. LPL Financial LLC now owns 318,379 shares of the company's stock worth $8,230,000 after purchasing an additional 9,874 shares during the last quarter. Geode Capital Management LLC lifted its stake in HBT Financial by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 288,455 shares of the company's stock worth $7,458,000 after purchasing an additional 16,641 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in HBT Financial by 51.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 257,579 shares of the company's stock worth $6,658,000 after purchasing an additional 87,085 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its stake in HBT Financial by 2.7% during the third quarter. Hillsdale Investment Management Inc. now owns 109,891 shares of the company's stock worth $2,769,000 after purchasing an additional 2,887 shares during the last quarter. 78.55% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
HBT has been the subject of several research analyst reports. Weiss Ratings upgraded HBT Financial from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, April 20th. DA Davidson increased their target price on HBT Financial from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Tuesday. Raymond James Financial upgraded HBT Financial from a "market perform" rating to an "outperform" rating and set a $30.00 target price for the company in a research note on Wednesday, January 7th. Zacks Research upgraded HBT Financial from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 20th. Finally, Piper Sandler increased their target price on HBT Financial from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $30.20.
Check Out Our Latest Analysis on HBT Financial
HBT Financial Company Profile
(
Get Free Report)
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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