Rosenthal Henry Capital Advisors Inc. Buys 50,047 Shares of HBT Financial, Inc. $HBT

Rosenthal Henry Capital Advisors Inc. increased its position in HBT Financial, Inc. (NASDAQ:HBT) by 117.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,547 shares of the company’s stock after acquiring an additional 50,047 shares during the quarter. HBT Financial comprises approximately 2.3% of Rosenthal Henry Capital Advisors Inc.’s holdings, making the stock its 17th biggest position. Rosenthal Henry Capital Advisors Inc. owned about 0.29% of HBT Financial worth $2,332,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in HBT Financial in the 3rd quarter worth $32,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of HBT Financial by 8.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 19,647 shares of the company’s stock worth $495,000 after acquiring an additional 1,564 shares during the period. CWM LLC grew its position in shares of HBT Financial by 59.8% during the third quarter. CWM LLC now owns 2,933 shares of the company’s stock worth $74,000 after purchasing an additional 1,098 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of HBT Financial by 19.4% during the second quarter. Corient Private Wealth LLC now owns 32,045 shares of the company’s stock valued at $808,000 after buying an additional 5,210 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of HBT Financial by 906.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock worth $107,000 after acquiring an additional 3,827 shares during the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.

HBT Financial Trading Up 0.4%

HBT opened at $26.46 on Wednesday. The stock has a 50-day moving average of $25.17 and a 200 day moving average of $25.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. HBT Financial, Inc. has a 12 month low of $19.46 and a 12 month high of $27.85. The firm has a market cap of $831.64 million, a P/E ratio of 10.67 and a beta of 0.58.

HBT Financial (NASDAQ:HBT) last announced its earnings results on Monday, October 20th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. HBT Financial had a return on equity of 13.81% and a net margin of 26.64%.The firm had revenue of $59.84 million during the quarter, compared to analysts’ expectations of $60.31 million. During the same quarter in the previous year, the business earned $0.61 EPS. As a group, research analysts forecast that HBT Financial, Inc. will post 2.34 EPS for the current year.

HBT Financial declared that its board has initiated a share buyback plan on Thursday, December 18th that allows the company to buyback $30.00 million in shares. This buyback authorization allows the company to buy up to 3.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

HBT Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, November 3rd. HBT Financial’s payout ratio is 33.87%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of HBT Financial in a report on Wednesday, October 8th. Raymond James Financial upgraded HBT Financial from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Wednesday, January 7th. Piper Sandler reduced their target price on HBT Financial from $29.00 to $27.50 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Finally, DA Davidson set a $27.00 target price on HBT Financial in a research report on Tuesday, October 21st. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.50.

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.