Renaissance Technologies LLC Sells 15,949 Shares of HBT Financial, Inc. $HBT

Renaissance Technologies LLC trimmed its holdings in shares of HBT Financial, Inc. (NASDAQ:HBT) by 32.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,651 shares of the company’s stock after selling 15,949 shares during the quarter. Renaissance Technologies LLC’s holdings in HBT Financial were worth $899,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HBT. Allspring Global Investments Holdings LLC bought a new stake in HBT Financial during the 1st quarter valued at $3,349,000. Heartland Bank & Trust Co raised its position in shares of HBT Financial by 857.6% in the 1st quarter. Heartland Bank & Trust Co now owns 160,487 shares of the company’s stock worth $4,288,000 after acquiring an additional 143,727 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of HBT Financial by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 561,159 shares of the company’s stock worth $14,995,000 after purchasing an additional 15,350 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake 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 purchasing an additional 3,827 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in HBT Financial by 66.6% during the third quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company’s stock valued at $98,000 after purchasing an additional 1,556 shares in the last quarter. Institutional investors own 78.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HBT. Wall Street Zen lowered HBT Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $41.00 price target (up from $38.00) on shares of HBT Financial in a research report on Thursday. Hovde Group raised their price target on shares of HBT Financial from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday. Zacks Research cut shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, DA Davidson lifted their price objective on shares of HBT Financial from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday. Four 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.40.

HBT Financial Trading Down 0.1%

Shares of NASDAQ:HBT opened at $37.19 on Friday. The business’s 50-day moving average is $32.95 and its 200 day moving average is $29.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.85. HBT Financial, Inc. has a 1 year low of $22.36 and a 1 year high of $37.51. The firm has a market capitalization of $1.35 billion, a P/E ratio of 15.96 and a beta of 0.51.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.05. HBT Financial had a return on equity of 13.46% and a net margin of 23.44%.The business had revenue of $80.90 million during the quarter, compared to the consensus estimate of $80.36 million. On average, research analysts predict that HBT Financial, Inc. will post 3.01 earnings per share for the current fiscal year.

HBT Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Investors of record on Tuesday, August 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, August 11th. This is an increase from HBT Financial’s previous quarterly dividend of $0.23. HBT Financial’s payout ratio is 42.92%.

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.