LSV Asset Management Sells 20,300 Shares of HBT Financial, Inc. $HBT

LSV Asset Management cut its holdings in HBT Financial, Inc. (NASDAQ:HBT) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,178 shares of the company’s stock after selling 20,300 shares during the quarter. LSV Asset Management’s holdings in HBT Financial were worth $4,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Johnson Investment Counsel Inc. lifted its holdings in shares of HBT Financial by 0.4% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 99,527 shares of the company’s stock valued at $2,508,000 after buying an additional 419 shares during the period. Bank of America Corp DE lifted its holdings in shares of HBT Financial by 4.4% during 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 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 valued at $45,000 after buying an additional 539 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of 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 buying an additional 612 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of 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 in the last quarter. 78.55% of the stock is owned by institutional investors.

Insider Transactions at HBT Financial

In other HBT Financial news, Chairman Fred L. Drake sold 15,742 shares of the stock in a transaction 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 in the company, valued at approximately $1,325,427.95. This represents a 25.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 51.90% of the company’s stock.

HBT Financial Trading Up 1.8%

NASDAQ:HBT opened at $28.88 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.25 and a beta of 0.53. HBT Financial, Inc. has a one year low of $22.36 and a one year high of $29.88. The business has a fifty day moving average price of $27.65 and a 200-day moving average price of $26.80.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.68 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $66.75 million. Sell-side analysts forecast that HBT Financial, Inc. will post 2.95 EPS for the current year.

HBT Financial Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on HBT. Piper Sandler upped their price objective on HBT Financial from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings lowered HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Zacks Research lowered HBT Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. DA Davidson upped their price objective on HBT Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen upgraded HBT Financial from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.75.

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.