Bank of New York Mellon Corp Takes Position in HBT Financial, Inc. $HBT

Bank of New York Mellon Corp acquired a new position in HBT Financial, Inc. (NASDAQ:HBT - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 139,809 shares of the company's stock, valued at approximately $4,472,000. Bank of New York Mellon Corp owned approximately 0.38% of HBT Financial as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HBT. Dimensional Fund Advisors LP grew its holdings in shares of HBT Financial by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 561,159 shares of the company's stock worth $14,995,000 after buying an additional 15,350 shares in the last quarter. LPL Financial LLC boosted its holdings in HBT Financial by 3.2% in the fourth quarter. LPL Financial LLC now owns 318,379 shares of the company's stock valued at $8,230,000 after acquiring an additional 9,874 shares during the last quarter. Geode Capital Management LLC lifted its position in HBT Financial by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 288,455 shares of the company's stock valued at $7,458,000 after buying an additional 16,641 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of HBT Financial by 51.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 257,579 shares of the company's stock valued at $6,658,000 after acquiring an additional 87,085 shares during the period. Finally, Heartland Bank & Trust Co lifted its holdings in shares of HBT Financial by 857.6% during the 1st quarter. Heartland Bank & Trust Co now owns 160,487 shares of the company's stock valued at $4,288,000 after acquiring an additional 143,727 shares in the last quarter. Hedge funds and other institutional investors own 78.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $41.00 price target (up from $38.00) on shares of HBT Financial in a report on Thursday, August 13th. DA Davidson boosted their price objective on HBT Financial from $36.00 to $38.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Zacks Research lowered HBT Financial from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 19th. Piper Sandler raised their target price on HBT Financial from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Friday, June 26th. Finally, Wall Street Zen lowered HBT Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Four 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, HBT Financial has a consensus rating of "Moderate Buy" and a consensus target price of $37.40.

HBT Financial Stock Up 0.6%

Shares of NASDAQ HBT opened at $36.59 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.84. HBT Financial, Inc. has a 1 year low of $22.36 and a 1 year high of $37.51. The stock's 50-day simple moving average is $34.58 and its 200-day simple moving average is $30.38. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 15.70 and a beta of 0.51.

HBT Financial (NASDAQ:HBT - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.05. HBT Financial had a return on equity of 13.46% and a net margin of 23.44%.The firm had revenue of $80.90 million during the quarter, compared to analyst estimates of $80.36 million. As a group, equities analysts anticipate that HBT Financial, Inc. will post 3.01 earnings per share for the current fiscal year.

HBT Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Tuesday, August 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This is an increase from HBT Financial's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. HBT Financial's dividend payout ratio is 42.92%.

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.

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