Adage Capital Partners GP L.L.C. Increases Holdings in HBT Financial, Inc. $HBT

Adage Capital Partners GP L.L.C. boosted its holdings in HBT Financial, Inc. (NASDAQ:HBT - Free Report) by 12.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 278,159 shares of the company's stock after buying an additional 30,467 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.88% of HBT Financial worth $6,234,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Trexquant Investment LP grew its position in HBT Financial by 9.8% in the first quarter. Trexquant Investment LP now owns 18,361 shares of the company's stock valued at $411,000 after acquiring an additional 1,646 shares during the period. Martingale Asset Management L P boosted its stake in HBT Financial by 5.3% in the first quarter. Martingale Asset Management L P now owns 46,535 shares of the company's stock worth $1,043,000 after purchasing an additional 2,363 shares in the last quarter. American Century Companies Inc. boosted its stake in HBT Financial by 42.4% in the first quarter. American Century Companies Inc. now owns 189,727 shares of the company's stock worth $4,252,000 after purchasing an additional 56,521 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in HBT Financial by 4.2% in the first quarter. Russell Investments Group Ltd. now owns 33,295 shares of the company's stock worth $746,000 after purchasing an additional 1,335 shares in the last quarter. Finally, Nuveen LLC bought a new stake in HBT Financial in the first quarter valued at about $786,000. 78.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on HBT Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a research note 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 note on Tuesday, July 22nd. DA Davidson boosted their price objective on HBT Financial from $23.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Piper Sandler boosted their target price on HBT Financial from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Zacks Research raised 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, HBT Financial currently has an average rating of "Moderate Buy" and a consensus target price of $28.80.

HBT Financial Stock Down 0.7%

HBT Financial stock traded down $0.17 during trading hours on Friday, hitting $25.81. 2,894 shares of the stock traded hands, compared to its average volume of 32,877. HBT Financial, Inc. has a one year low of $19.46 and a one year high of $27.02. The company has a market cap of $812.89 million, a PE ratio of 10.75 and a beta of 0.66. The firm's 50-day moving average price is $25.72 and its two-hundred day moving average price is $24.27. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17.

HBT Financial (NASDAQ:HBT - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.03. The company 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 period in the previous year, the business earned $0.57 EPS. On average, research analysts forecast that HBT Financial, Inc. will post 2.34 EPS for the current year.

HBT Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. HBT Financial's payout ratio is presently 34.71%.

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.