LSV Asset Management Trims Holdings in HBT Financial, Inc. $HBT

LSV Asset Management lessened its holdings in shares of HBT Financial, Inc. (NASDAQ:HBT) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,178 shares of the company’s stock after selling 20,300 shares during the period. LSV Asset Management owned about 0.54% of HBT Financial worth $4,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue grew its holdings in shares of 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 during the period. BNP Paribas Financial Markets grew its holdings in shares of HBT Financial by 66.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company’s stock worth $98,000 after acquiring an additional 1,556 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of HBT Financial by 906.9% during the 2nd 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 period. Franklin Resources Inc. purchased a new position in shares of HBT Financial during the 2nd quarter worth approximately $208,000. Finally, Integrated Quantitative Investments LLC purchased a new position in shares of HBT Financial during the 3rd quarter worth approximately $224,000. Hedge funds and other institutional investors own 78.55% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at HBT Financial

In related news, Chairman Fred L. Drake sold 15,742 shares of the company’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 transaction, the chairman directly owned 45,815 shares of the company’s stock, valued at approximately $1,325,427.95. This represents a 25.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 51.90% of the company’s stock.

HBT Financial Stock Performance

Shares of HBT opened at $28.88 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average price is $27.65 and its 200-day moving average price is $26.80. HBT Financial, Inc. has a 52 week low of $22.36 and a 52 week high of $29.88. The stock has a market cap of $1.05 billion, a P/E ratio of 13.25 and a beta of 0.53.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. HBT Financial had a return on equity of 13.06% and a net margin of 22.72%.The firm had revenue of $67.84 million for the quarter, compared to analysts’ expectations of $66.75 million. Equities research analysts anticipate that HBT Financial, Inc. will post 2.95 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, May 12th. HBT Financial’s payout ratio is currently 42.20%.

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.