Teacher Retirement System of Texas Has $316,000 Holdings in HBT Financial, Inc. (NASDAQ:HBT)

Teacher Retirement System of Texas cut its stake in HBT Financial, Inc. (NASDAQ:HBT) by 15.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 14,118 shares of the company’s stock after selling 2,495 shares during the quarter. Teacher Retirement System of Texas’ holdings in HBT Financial were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. KLP Kapitalforvaltning AS bought a new position in HBT Financial in the 4th quarter valued at $57,000. Wells Fargo & Company MN boosted its position in shares of HBT Financial by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 7,522 shares of the company’s stock worth $165,000 after purchasing an additional 1,638 shares during the last quarter. Sei Investments Co. bought a new position in shares of HBT Financial in the 4th quarter worth $242,000. Hennion & Walsh Asset Management Inc. acquired a new stake in HBT Financial during the 1st quarter worth $264,000. Finally, Bank of America Corp DE raised its stake in HBT Financial by 35.0% during the 4th quarter. Bank of America Corp DE now owns 15,615 shares of the company’s stock worth $342,000 after buying an additional 4,048 shares during the period. 78.55% of the stock is owned by institutional investors and hedge funds.

HBT Financial Price Performance

NASDAQ:HBT opened at $25.31 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s 50-day simple moving average is $24.74 and its 200 day simple moving average is $23.71. The company has a market cap of $797.27 million, a P/E ratio of 10.63 and a beta of 0.58. HBT Financial, Inc. has a 52-week low of $19.46 and a 52-week high of $26.71.

HBT Financial (NASDAQ:HBT) last released its earnings results on Monday, April 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $63.14 million for the quarter, compared to the consensus estimate of $57.57 million. HBT Financial had a return on equity of 14.13% and a net margin of 25.88%. During the same quarter in the previous year, the business earned $0.57 earnings per share. As a group, sell-side analysts forecast that HBT Financial, Inc. will post 2.34 EPS for the current fiscal year.

HBT Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Tuesday, May 6th. HBT Financial’s payout ratio is currently 35.29%.

Analysts Set New Price Targets

Separately, Hovde Group raised HBT Financial from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $25.80.

HBT Financial Company Profile

HBT Financial, Inc operates as the bank holding company for Heartland Bank and Trust Company that provides business, commercial, and retail banking products and services to individuals, businesses, and municipal entities in Central and Northeastern Illinois, and Eastern Iowa. The company's deposits accounts consist of noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, certificates of deposits, health savings accounts, and individual retirement accounts.