Banc Funds Co. LLC Sells 54,141 Shares of HBT Financial, Inc. (NASDAQ:HBT)

Banc Funds Co. LLC lessened its position in shares of HBT Financial, Inc. (NASDAQ:HBT - Free Report) by 74.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,403 shares of the company's stock after selling 54,141 shares during the period. Banc Funds Co. LLC owned approximately 0.06% of HBT Financial worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management raised its holdings in 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. KLP Kapitalforvaltning AS acquired a new stake in HBT Financial during the 4th quarter worth about $57,000. FMR LLC raised its position in shares of HBT Financial by 70.1% in the 3rd quarter. FMR LLC now owns 4,329 shares of the company's stock worth $95,000 after acquiring an additional 1,784 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of HBT Financial by 13.6% in the 4th 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. Finally, Wells Fargo & Company MN grew its stake in HBT Financial by 27.8% during the fourth 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 period. Institutional investors own 78.55% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on HBT shares. Piper Sandler lowered their price objective on shares of HBT Financial from $27.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Hovde Group assumed coverage on shares of HBT Financial in a report on Thursday, March 27th. They set a "market perform" rating and a $24.50 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $24.75.

Insider Transactions at HBT Financial

In other HBT Financial news, Chairman Fred L. Drake sold 10,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.15, for a total value of $251,500.00. Following the completion of the sale, the chairman now directly owns 22,825 shares of the company's stock, valued at $574,048.75. This trade represents a 30.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Patrick F. Busch sold 8,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $24.77, for a total value of $198,160.00. Following the transaction, the director now directly owns 182,000 shares in the company, valued at $4,508,140. This represents a 4.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,900 shares of company stock worth $969,500 in the last ninety days. Company insiders own 59.80% of the company's stock.

HBT Financial Stock Up 4.1 %

NASDAQ HBT traded up $0.91 on Tuesday, reaching $23.23. The company had a trading volume of 8,390 shares, compared to its average volume of 32,501. The company's fifty day moving average is $23.14 and its 200 day moving average is $23.02. The stock has a market capitalization of $734.63 million, a P/E ratio of 10.27 and a beta of 0.62. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. HBT Financial, Inc. has a 52-week low of $18.16 and a 52-week high of $26.25.

HBT Financial (NASDAQ:HBT - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $63.14 million during the quarter, compared to analyst estimates of $57.57 million. HBT Financial had a net margin of 24.99% and a return on equity of 14.57%. During the same quarter last year, the business posted $0.57 EPS. Sell-side analysts anticipate that HBT Financial, Inc. will post 2.34 earnings per share for the current fiscal year.

HBT Financial 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.