Adage Capital Partners GP L.L.C. Lowers Position in HBT Financial, Inc. (NASDAQ:HBT)

Adage Capital Partners GP L.L.C. lessened its holdings in HBT Financial, Inc. (NASDAQ:HBT - Free Report) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,692 shares of the company's stock after selling 17,604 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.78% of HBT Financial worth $5,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Picton Mahoney Asset Management increased its stake in shares of HBT Financial by 47.7% during the 4th quarter. Picton Mahoney Asset Management now owns 1,335 shares of the company's stock worth $29,000 after purchasing an additional 431 shares during the last quarter. SG Americas Securities LLC grew its holdings in HBT Financial by 13.6% during the fourth quarter. SG Americas Securities LLC now owns 6,309 shares of the company's stock valued at $138,000 after purchasing an additional 756 shares during the period. Hsbc Holdings PLC raised its stake in shares of HBT Financial by 7.5% in the fourth quarter. Hsbc Holdings PLC now owns 17,848 shares of the company's stock valued at $391,000 after buying an additional 1,244 shares during the period. Wells Fargo & Company MN lifted its position in shares of HBT Financial by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 7,522 shares of the company's stock valued at $165,000 after buying an additional 1,638 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of HBT Financial by 9.0% during the 4th quarter. Rhumbline Advisers now owns 20,758 shares of the company's stock valued at $455,000 after buying an additional 1,711 shares during the last quarter. 78.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Hovde Group began coverage on HBT Financial in a research note on Thursday, March 27th. They issued a "market perform" rating and a $24.50 price objective on the stock. Piper Sandler dropped their price target on shares of HBT Financial from $27.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, HBT Financial currently has an average rating of "Hold" and an average target price of $24.75.

Insider Transactions at HBT Financial

In related news, Chairman Fred L. Drake sold 10,000 shares of HBT Financial stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $25.15, for a total value of $251,500.00. Following the transaction, the chairman now owns 22,825 shares in the company, valued at $574,048.75. This trade represents a 30.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick F. Busch sold 8,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $24.77, for a total transaction of $198,160.00. Following the sale, the director now owns 182,000 shares of the company's stock, valued at approximately $4,508,140. The trade was a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,845 shares of company stock valued at $600,286 in the last quarter. Insiders own 59.80% of the company's stock.

HBT Financial Price Performance

NASDAQ:HBT traded up $0.76 during trading hours on Friday, hitting $23.86. The stock had a trading volume of 24,631 shares, compared to its average volume of 32,446. The company has a 50 day simple moving average of $22.85 and a two-hundred day simple moving average of $23.12. The firm has a market capitalization of $754.72 million, a price-to-earnings ratio of 10.56 and a beta of 0.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. HBT Financial, Inc. has a one year low of $18.16 and a one year high of $26.25.

HBT Financial (NASDAQ:HBT - Get Free Report) last posted its earnings results on Monday, April 21st. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The business had revenue of $63.14 million during the quarter, compared to analysts' expectations of $57.57 million. HBT Financial had a return on equity of 14.57% and a net margin of 24.99%. During the same period in the previous year, the business earned $0.57 earnings per share. Research analysts forecast that HBT Financial, Inc. will post 2.34 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.84 dividend on an annualized basis and a yield of 3.52%. HBT Financial's dividend payout ratio is presently 35.29%.

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.