Wellington Management Group LLP Makes New $9.55 Million Investment in HBT Financial, Inc. $HBT

Key Points

• Wellington Management initiated a $9.55 million position in HBT Financial, acquiring 298,605 shares, or approximately 0.82% of the company. Institutional investors collectively own 78.55% of HBT’s stock.
• HBT Financial reported quarterly EPS of $0.78, exceeding analyst expectations of $0.73, while revenue reached $80.90 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $37.40.
• The company raised its quarterly dividend from $0.23 to $0.25 per share, implying an annualized dividend of $1.00 and a yield of about 2.7%.

Wellington Management Group LLP bought a new position in shares of HBT Financial, Inc. (NASDAQ:HBT - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 298,605 shares of the company's stock, valued at approximately $9,552,000. Wellington Management Group LLP owned approximately 0.82% of HBT Financial at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in HBT Financial during the 2nd quarter worth $147,000. Bank of America Corp DE acquired a new position in shares of HBT Financial during the second quarter valued at $1,048,000. Hsbc Holdings PLC bought a new position in HBT Financial in the second quarter valued at about $285,000. Canada Pension Plan Investment Board acquired a new stake in HBT Financial in the second quarter worth about $240,000. Finally, Legal & General Group Plc bought a new stake in HBT Financial during the 2nd quarter worth about $292,000. Institutional investors own 78.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HBT. Zacks Research downgraded shares of HBT Financial from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 19th. Weiss Ratings upgraded shares of HBT Financial from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, July 30th. Hovde Group raised their price target on HBT Financial from $40.00 to $44.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. DA Davidson increased their target price on HBT Financial from $36.00 to $38.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen lowered HBT Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $37.40.

HBT Financial Stock Down 0.2%

Shares of HBT Financial stock opened at $36.53 on Wednesday. The company has a market capitalization of $1.33 billion, a P/E ratio of 15.68 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50-day moving average of $34.76 and a two-hundred day moving average of $30.49. HBT Financial, Inc. has a 1 year low of $22.36 and a 1 year high of $37.51.

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 (EPS) for the quarter, beating 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 analyst estimates of $80.36 million. As a group, equities analysts predict that HBT Financial, Inc. will post 3.01 EPS for the current year.

HBT Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Tuesday, August 11th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, August 11th. This is a positive change 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 (DPR) is 42.92%.

HBT Financial 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.

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