Heartland Bank & Trust Co cut its stake in HBT Financial, Inc. (NASDAQ:HBT - Free Report) by 87.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,820 shares of the company's stock after selling 79,950 shares during the quarter. Heartland Bank & Trust Co's holdings in HBT Financial were worth $265,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Johnson Investment Counsel Inc. purchased a new position in shares of HBT Financial in the 1st quarter valued at about $2,198,000. Hennion & Walsh Asset Management Inc. acquired a new stake in HBT Financial in the first quarter valued at approximately $264,000. GAMMA Investing LLC increased its position in shares of HBT Financial by 4,457.6% in the first quarter. GAMMA Investing LLC now owns 2,689 shares of the company's stock valued at $600,000 after buying an additional 2,630 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of HBT Financial by 5.7% during the 4th quarter. Two Sigma Advisers LP now owns 37,000 shares of the company's stock worth $810,000 after buying an additional 2,000 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in shares of HBT Financial by 10.1% during the 4th quarter. Nuveen Asset Management LLC now owns 35,062 shares of the company's stock worth $768,000 after buying an additional 3,227 shares during the period. Hedge funds and other institutional investors own 78.55% of the company's stock.
HBT Financial Price Performance
Shares of NASDAQ:HBT traded up $0.66 during trading on Thursday, reaching $25.27. The stock had a trading volume of 20,766 shares, compared to its average volume of 33,463. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 0.83. HBT Financial, Inc. has a 1-year low of $19.18 and a 1-year high of $26.25. The stock has a market cap of $796.01 million, a PE ratio of 10.62 and a beta of 0.57. The business has a fifty day moving average price of $23.77 and a 200-day moving average price of $23.30.
HBT Financial (NASDAQ:HBT - Get Free Report) last announced its earnings results on Monday, April 21st. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. The company had revenue of $63.14 million for the quarter, compared to analysts' expectations of $57.57 million. HBT Financial had a net margin of 25.88% and a return on equity of 14.13%. During the same quarter in the previous year, the company posted $0.57 EPS. On average, equities analysts forecast that HBT Financial, Inc. will post 2.34 earnings per share for the current fiscal year.
HBT Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.84 annualized dividend and a yield of 3.32%. HBT Financial's dividend payout ratio is presently 35.29%.
Wall Street Analysts Forecast Growth
Separately, Hovde Group raised shares of HBT Financial from a "market perform" rating to an "outperform" rating and set a $28.00 price target on the stock in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $25.80.
Read Our Latest Stock Report on HBT
About HBT Financial
(
Free Report)
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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