Goldman Sachs Group Inc. Reduces Stock Position in HBT Financial, Inc. $HBT

Goldman Sachs Group Inc. reduced its holdings in HBT Financial, Inc. (NASDAQ:HBT - Free Report) by 22.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,510 shares of the company's stock after selling 12,594 shares during the period. Goldman Sachs Group Inc. owned approximately 0.14% of HBT Financial worth $997,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HBT. GAMMA Investing LLC boosted its stake in shares of HBT Financial by 4,457.6% during the 1st quarter. GAMMA Investing LLC now owns 2,689 shares of the company's stock worth $600,000 after purchasing an additional 2,630 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of HBT Financial during the 1st quarter worth about $264,000. Jane Street Group LLC purchased a new position in shares of HBT Financial during the 1st quarter worth about $286,000. AQR Capital Management LLC boosted its stake in shares of HBT Financial by 17.4% during the 1st quarter. AQR Capital Management LLC now owns 15,554 shares of the company's stock worth $349,000 after purchasing an additional 2,307 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 4,048 shares during the period. 78.55% of the stock is owned by hedge funds and other institutional investors.

HBT Financial Trading Down 0.3%

NASDAQ:HBT opened at $25.92 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $816.48 million, a P/E ratio of 10.71 and a beta of 0.66. The firm has a 50-day simple moving average of $25.60 and a 200-day simple moving average of $24.34. HBT Financial, Inc. has a one year low of $19.46 and a one year high of $27.02.

HBT Financial (NASDAQ:HBT - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $58.80 million during the quarter, compared to analyst estimates of $59.45 million. HBT Financial had a net margin of 26.22% and a return on equity of 13.98%. During the same quarter in the previous year, the business posted $0.57 EPS. Equities analysts anticipate that HBT Financial, Inc. will post 2.34 EPS for the current fiscal year.

HBT Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, August 5th. HBT Financial's payout ratio is 34.71%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of HBT Financial from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. DA Davidson boosted their price objective on shares of HBT Financial from $23.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Piper Sandler boosted their price objective on shares of HBT Financial from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Raymond James Financial reissued an "outperform" rating and issued a $30.00 price objective (up from $24.00) on shares of HBT Financial in a research report on Tuesday, July 22nd. Finally, Zacks Research raised shares of HBT Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, HBT Financial presently has an average rating of "Moderate Buy" and an average price target of $28.80.

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.

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