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

Renaissance Technologies LLC cut its position in shares of HBT Financial, Inc. (NASDAQ:HBT) by 32.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,651 shares of the company’s stock after selling 15,949 shares during the period. Renaissance Technologies LLC owned approximately 0.09% of HBT Financial worth $899,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position 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 valued at $14,995,000 after buying an additional 15,350 shares during the period. LPL Financial LLC lifted its stake in shares of HBT Financial by 3.2% during the 4th quarter. LPL Financial LLC now owns 318,379 shares of the company’s stock worth $8,230,000 after acquiring an additional 9,874 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of HBT Financial by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 288,455 shares of the company’s stock worth $7,458,000 after acquiring an additional 16,641 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in HBT Financial by 51.1% during 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 grew its position in HBT Financial by 857.6% in 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 during the last quarter. 78.55% of the stock is owned by hedge funds and other institutional investors.

HBT Financial Trading Down 0.1%

Shares of NASDAQ HBT opened at $37.19 on Friday. HBT Financial, Inc. has a twelve month low of $22.36 and a twelve month high of $37.51. The firm has a market cap of $1.35 billion, a PE ratio of 15.96 and a beta of 0.51. The business has a fifty day simple moving average of $32.95 and a two-hundred day simple moving average of $29.56. The company has a quick ratio of 0.85, a current ratio of 0.84 and a debt-to-equity ratio of 0.20.

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

HBT Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HBT. Piper Sandler boosted their target price on shares of HBT Financial from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Zacks Research downgraded shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Wall Street Zen lowered shares of HBT Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, July 30th. Finally, DA Davidson boosted their price objective on shares of HBT Financial from $36.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, HBT Financial presently has a consensus rating of “Moderate Buy” and an average target price 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.