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

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

Wall Street Analyst Weigh In

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

HBT Financial Trading Down 1.4%

The firm has a market cap of $1.10 billion, a P/E ratio of 13.84 and a beta of 0.53. The company has a 50 day moving average of $28.30 and a 200 day moving average of $27.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.85 and a current ratio of 0.85.

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. The business had revenue of $67.84 million during 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%. Analysts predict that HBT Financial, Inc. will post 2.95 EPS for the current fiscal year.

HBT Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 12th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. HBT Financial’s payout ratio is presently 42.20%.

Insider Activity at HBT Financial

In related 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 value of $455,416.06. Following the completion of the sale, the chairman owned 45,815 shares of the company’s stock, valued at approximately $1,325,427.95. The trade was a 25.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 51.90% of the company’s stock.

Institutional Investors Weigh In On HBT Financial

Large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in HBT Financial by 4.4% in the 3rd quarter. Bank of America Corp DE now owns 12,537 shares of the company’s stock worth $316,000 after purchasing an additional 534 shares during the last quarter. State of Alaska Department of Revenue lifted 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 worth $45,000 after purchasing an additional 539 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in HBT Financial by 3.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 17,949 shares of the company’s stock worth $452,000 after purchasing an additional 612 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in HBT Financial by 6.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 16,150 shares of the company’s stock worth $407,000 after purchasing an additional 1,003 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in HBT Financial by 5.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,712 shares of the company’s stock worth $535,000 after purchasing an additional 1,065 shares during the last quarter. Institutional investors own 78.55% of the company’s stock.

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.