The Manufacturers Life Insurance Company Invests $15.68 Million in HBT Financial, Inc. $HBT

The Manufacturers Life Insurance Company purchased a new stake in HBT Financial, Inc. (NASDAQ:HBT - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 490,011 shares of the company's stock, valued at approximately $15,675,000. The Manufacturers Life Insurance Company owned approximately 1.35% of HBT Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HBT. Allspring Global Investments Holdings LLC bought a new position in HBT Financial in the first quarter valued at about $3,349,000. Heartland Bank & Trust Co increased its stake in shares of HBT Financial by 857.6% in the first quarter. Heartland Bank & Trust Co now owns 160,487 shares of the company's stock valued at $4,288,000 after buying an additional 143,727 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of HBT Financial by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 561,159 shares of the company's stock valued at $14,995,000 after buying an additional 15,350 shares during the period. Two Sigma Investments LP raised its holdings in HBT Financial by 40.0% in the 3rd quarter. Two Sigma Investments LP now owns 27,226 shares of the company's stock valued at $686,000 after buying an additional 7,783 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in HBT Financial by 66.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company's stock valued at $98,000 after buying an additional 1,556 shares during the last quarter. Institutional investors and hedge funds own 78.55% of the company's stock.

HBT Financial Stock Performance

Shares of HBT stock opened at $35.79 on Friday. The stock has a market capitalization of $1.30 billion, a PE ratio of 15.36 and a beta of 0.51. The business's 50 day simple moving average is $34.11 and its 200 day simple moving average is $30.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84. HBT Financial, Inc. has a one year low of $22.36 and a one year high of $37.51.

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

HBT Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Tuesday, August 11th were paid a $0.25 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.8%. This is an increase from HBT Financial's previous quarterly dividend of $0.23. HBT Financial's dividend payout ratio (DPR) is presently 42.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HBT shares. Hovde Group boosted their target price on shares of HBT Financial from $40.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $41.00 price target (up from $38.00) on shares of HBT Financial in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of HBT Financial from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday, July 30th. Zacks Research cut shares of HBT Financial from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 19th. Finally, Piper Sandler increased their price objective on HBT Financial from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, HBT Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.40.

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.

Want to see what other hedge funds are holding HBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HBT Financial, Inc. (NASDAQ:HBT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source