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

HBT Financial, Inc. (NASDAQ:HBT) reached a new 52-week high on Tuesday . The stock traded as high as $30.85 and last traded at $30.81, with a volume of 28647 shares changing hands. The stock had previously closed at $30.48.

Wall Street Analyst Weigh In

Several research analysts recently commented on HBT shares. DA Davidson increased their price objective on HBT Financial from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings cut shares of HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of HBT Financial from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Research lowered shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Piper Sandler increased their target price on shares of HBT Financial from $30.00 to $32.00 and gave the company 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

HBT Financial Trading Up 1.2%

The company has a market cap of $1.12 billion, a PE ratio of 14.14 and a beta of 0.53. The company’s 50 day simple moving average is $28.58 and its two-hundred day simple moving average is $27.56. 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 released its quarterly earnings results on Monday, April 27th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. HBT Financial had a net margin of 22.72% and a return on equity of 13.06%. The business had revenue of $67.84 million for the quarter, compared to the consensus estimate of $66.75 million. As a group, sell-side analysts anticipate that HBT Financial, Inc. will post 2.95 EPS for the current fiscal year.

HBT Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 12th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, May 12th. HBT Financial’s dividend payout ratio (DPR) is 42.20%.

Insider Transactions at HBT Financial

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

Institutional Investors Weigh In On HBT Financial

A number of institutional investors have recently modified their holdings of HBT. Bank of America Corp DE raised its holdings in shares of HBT Financial by 4.4% in the 3rd quarter. Bank of America Corp DE now owns 12,537 shares of the company’s stock valued at $316,000 after buying an additional 534 shares during the period. State of Alaska Department of Revenue lifted its stake in HBT Financial by 42.4% during the 4th quarter. State of Alaska Department of Revenue now owns 1,809 shares of the company’s stock worth $45,000 after acquiring an additional 539 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in HBT Financial by 3.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 17,949 shares of the company’s stock valued at $452,000 after acquiring an additional 612 shares during the period. Russell Investments Group Ltd. boosted its holdings in HBT Financial by 6.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 16,150 shares of the company’s stock valued at $407,000 after acquiring an additional 1,003 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its position 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 valued at $535,000 after acquiring an additional 1,065 shares in the last quarter. 78.55% of the stock is owned by institutional investors and hedge funds.

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.